Author Archive | editor2

Siemens Wins GECOL Contract

The General Electricity Company of Libya (GECOL), the state-owned company responsible for the production and distribution of electrical power, recently signed a contract with Siemens to supply and install spare parts at the Khoms steam power station. The Information Office of GECOL said that the deal was worth just over 5 million Libyan dinars. Siemens […]

NOC Meets UNIDO to Discuss Industry Standards

The Libyan National Oil Corporation (NOC) recently held a meeting to discuss the standards used in the oil industry, production sites, manufacturing and exporting oil and gas, energy efficiency, its relationship to the protection of the environment, effects of oil on the surrounding areas and other several issues regarding development of oil and gas work. […]

Switzerland Holding Over $100m Libyan Assets

The Swiss foreign ministry said on Tuesday that the country has blocked 100 million Swiss francs ($108 million)l inked to the former Libyan dictator, Muammar Gaddafi, as part of nearly 1 billion Swiss francs blocked in relation to the various “Arab Spring” states. Valentin Zellweger, head of the international law department at the Swiss foreign […]

Libya Drives Egypt’s First Exports Rise for 6 mths

Data from Egypt’s Department of Industry and Commerce shows that demand from Libya is responsible for the country’s first increase in exports in six months. Ahmed El-Zeini, head of construction material division in Cairo’s chamber of commerce, said, “Libya started to import large quantities of Egyptian cement, taking advantage of the lower costs, since it […]

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No Decision on NOC Benghazi Move until New Govt Formed

Libya Herald reports that no decision will be made on the development the National Oil Corporation’s Benghazi branch until after the formation of the new government. A proposal to give the Benghazi NOC effective control over the oil sector in eastern Libya was put on hold after heated protests from workers in Tripoli; some 80 […]

Libya’s New Prime Minister

Libya’s new Prime Minister-elect Ali Zeidan [Zidan] comes with an interesting history. He was a diplomat in the 1970s, serving in India under the then Ambassador, and now President, Mohamed el-Magarief [Magariaf]. Both men defected in 1980 and went on to form the National Front for the Salvation of Libya. He spent the next three […]