Libya imposes visa requirement on Egyptians-agency

Libya has told Egyptians they will need visas to enter the country, Egypt’s state news agency said on Wednesday, after Egypt imposed travel restrictions on Libyans during the uprising against Muammar Gaddafi. Egypt toughened its entry requirements after the rebellion broke out in eastern Libya in February and some Libyans tried to cross the border […]

Libya’s Agoco hopes to pump 400,000 bpd by early 2012

Libya’s Arabian Gulf Oil Company (Agoco) is producing 266,000 barrels per day (bpd) from five fields and hopes to reach 400,000 bpd by early next year, a spokesman said on Wednesday.The Benghazi-based company recently began pumping crude at the Hamada and Beda fields after their restarts were delayed due to some problems. Agoco’s Abdeljalil Mayuf […]

Weekly Security Review

Tripoli The security situation in Tripoli is described as positive. However, AKE sources on the ground have reported an increasing degree of frustration among the population over the speed at which the NTC has been able to make positive progress. If the situation is not seen to improve markedly over the coming weeks, there is […]

Libya says “logical” for Gulf Arabs to cut oil supply

Libya signalled on Tuesday it may not support Gulf Arab OPEC producers when the exporters’ group meets in December, saying those countries should reduce output to make space for Libya’s returning oil output. The Organization of the Petroleum Exporting Countries (OPEC) has been operating without formal output limits since December 2008 and this year Gulf producers […]

Finnish companies vying for new contracts in Libya

Libya, an oil-rich nation that recently got out of international isolation, is again hoping to attract Finnish companies to trade with the country. Paula Lehtomäki (Centre), Finland’s Minister for Foreign Trade and Development, is set to take representatives of more than 20 Finnish companies on an export promotion tour of Libya and Algeria during the weekend. […]

Qatar Airways launches Benghazi flights

Qatar Airways has launched scheduled flights to the Libyan port city of Benghazi in North Africa. Operating four-times-a-week from Doha, Libya’s second largest city is a leading economic centre, ideally located on the Mediterranean for trade and export. Benghazi, together with the Ugandan city of Entebbe, are the airline’s latest African destinations launched within the […]

Libya’s Waha Set To Restart In December – Official

Waha Oil Co., the last major Libyan oil company yet to resume production, is set to pump crude again next month after a management change ended a crippling strike, an official at the company said Tuesday. Khaled Othman, a Waha Oil Co. construction supervisor and one of the strike’s leaders, said, “We will go back […]

Libya seeks UK firms to develop oil sector and construction industry

Libya began touting itself as the next Dubai to UK investors, as the country’s government said it would reward its “friends” when it begins selling off lucrative oil contracts. Representatives of the country’s National Transitional Council called City executives to a central London hotel to drum up British interest in the “massive opportunities” on offer […]