Commodities Forecast Update: Growth in 2012

Oil: global growth continues to support demand We would not be surprised to see Brent crude trade in the USD105-115 per barrel range for quite a while. Despite the global financial jitters, oil prices have been well supported over the last couple of months. The removal of Colonel Gadaffi in October has put a lot […]

Repsol’s Libya JV now 210,000 barrels per day

Production at Repsol YPF SA’s Libya joint venture has reached 210,000 barrels a day, a local manager said Sunday, already surpassing the Spanish company’s target for next year. The accelerated ramp up at Akakus Oil Operations is the latest evidence that Libya’s production is returning faster than expected following the toppling of Moammar Gadhafi. In […]

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 […]

Libya is 7th largest investor in Abu Dhabi

Libya emerged as the seventh largest investor in Abu Dhabi at the end of 2008 while Britain was the top investor, pumping nearly a third of the total capital into the emirate, according to government data. By the end of 2008, foreign direct investment (FDI) into Abu Dhabi totalled nearly 51.6 billion, up by around […]

Libyan Women Want a Say in Running the New Libya

Libyan women want more say in running post-Al Qathafi Libya and suggest that a new government in Libya should ensure the participation of both sexes in political action giving a minimum of 40% for each, with the requirement of capability. Participation in government was one of the main recommendations by the first-ever International Women’s Conference […]

Royal Jordanian to resume operations to Tripoli

Royal Jordanian will resume its regular direct operations from Amman to the Libyan capital, Tripoli, starting November 24, 2011. The airline has five flights a week to Tripoli. RJ President/CEO Hussein Dabbas said that the company’s decision to restart operating flights to Tripoli comes two months after its resumption of flights to Benghazi, which started […]