Archive | Industry & Trade

Libya’s Waha Oil strike over as new chairman named

A strike at Libya oil producer Waha Oil, which pumped around around a quarter of pre-war output, has ended after workers’ demands for a new chairman were met, a workforce representative said on Monday. The oil and finance ministry had overturned an initial agreement to remove chairman Bashir Alashab, who workers accused of cooperating with […]

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Arab Spring’s business mode

Regime change in Tunisia, Egypt and Libya is already celebrated in the West as a crucial step towards political freedom. Elections aim to lay the foundation for the democratisation of the region. The logical assumption is that the ongoing political reform process will fundamentally change the face of the Arab World. These developments, however, are […]

Libyan Oil Output to Reach Pre-War Levels By End of Next Year

Libya’s oil production will not return to pre-civil war levels until the end of next year, while 10 percent of the nation’s energy infrastructure remains badly damaged. Speaking at an economic forum in Doha, Qatar, Nuri Berouin, the chief of Libya’s National Oil Corp. said crude oil output should reach pre-war levels of 1.7 million […]

NTC chairman inaugurates Jordan’s Libya field hospital

Libya’s National Transitional Council (NTC) Chairman Mustafa Abdul Jalil on Thursday inaugurated Jordan’s field hospital in Benghazi, established recently to provide healthcare to the Libyan people. In his opening address, Abdul Jalil lauded “the distinguished medical care of the Royal Medical Services and the Kingdom’s hospitals”, urging Libyan doctors to benefit from the expertise of […]

Ambassador to Libya stresses ‘long-term plan’

South Korea needs a long-term, diversified plan to set up new diplomatic ties with Libya as it transitions from Moammar Gadhafi’s decades-long rule, Seoul’s top diplomat to the North African state said Friday. “Economy should not be the only focus,” Cho Dae-sik, the South Korean ambassador to Libya, told reporters in Seoul. “We need a […]

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 […]

OPEC Oil Output Rose in October on Libya, Saudi Arabia, IEA Says

OPEC crude production rose in October as Libyan output recovered quicker than expected and Saudi Arabia pumped more, the International Energy Agency said. Daily supply from the Organization of Petroleum Exporting Countries’ 12 members increased to 30.01 million barrels a day in October from 29.91 million in September, the Paris-based agency said today in its […]