Archive | Construction & Engineering

Libya’s oil could be a curse or a blessing

The biggest challenge facing Libya’s transitional government may also be its greatest blessing: what to do with all the oil. Libya is awash in black gold.  With about 46 billion barrels of proven oil reserves — and much of the country still unexplored — Libya ranks as the world’s 18th largest oil producer, and the […]

S. Korea to send more water engineers to Libya this month

A second batch of South Korean water engineers will leave for Libya later this month to help the war-torn nation restore its water supply services, a Seoul official said Friday. Water is still in short supply and security conditions in Libya have not fully stabilized although the country’s nine-month civil war ended last month with […]

Arab Spring may turn page in Egypt-Libya economic relations

Can revolutions succeed where decades-old dictatorial systems failed, and usher in stable, mutually beneficial economic relations between Egypt and Libya? The coming months may bring the answer.  Last month’s visit to Cairo by the chairman of Libya’s National Transitional Council, Mustafa Abdul Jalil, came just days after he declared his country liberated, and opened what […]

Libya Explores Fund to Channel Investment Tied to Security Deals

Libya is considering the creation of funds to manage investment in infrastructure pledged by defense and security companies to win government contracts, according to consultancy Blenheim Capital Services Ltd. Blenheim has held initial talks with Libya’s interim National Transitional Council with a view to being taken on as an adviser to help set up the […]

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Solar and Wind Energy Projects Planned in Libya

A German led initiative envisioned building EUR 400 billion vast networks of solar and winding farms across North Africa and the Middle East to provide 15% of Europe’s electricity supply by 2050. Against this backdrop, Morocco has been chosen as the first location for the project. The Desertec Industrial Initiative, a coalition of companies including E.ON, […]