Archive | Industry & Trade

China says Libya ready to compensate Chinese companies

China said on Wednesday that Libya was ready to compensate Chinese companies, raising the possibility that Chinese businesses that suffered losses during the country’s unrest may receive some payment. China has limited investment in exploring and producing oil in Libya, and is instead focused on servicing the sector, but has significant construction contracts in the […]

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Korea pitches plans to rebuild Libya

The Korean government invited officials and business leaders from the Middle East and northern Africa to explain its plans to help reconstruct Libya a month after the death of Libyan dictator Moammar Gadhafi. About 50 government officials and business representatives from countries including Saudi Arabia, the United Arab Emirates, Kuwait and Libya will attend a […]

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Libya, Algeria mend ties

Algerian President Abdelaziz Bouteflika met with National Transitional Council (NTC) chief Mustafa Abdel Jalil for the first time on Tuesday (November 15th), signalling a breakthrough in relations with the new Libya leadership. The meeting took place on the sidelines of the Gas Exporting Countries Forum (GECF) in Doha. “President Abdelaziz Bouteflika talked in a tripartite […]