Protecting Libya’s Heritage as Country Tries to Resurrect Tourism Industry

Libya boasts a rich cultural heritage; Palaeolithic rock paintings, Greek and Roman ruins and ancient desert oases. These historic treasures, including six UNESCO World Heritage sites, have suffered years of neglect and most recently the perils of conflict. During the conflict in Libya there were allegations that pro-Gaddafi troops and missiles were being hidden in […]

Norway fertiliser maker Yara mulls Australian deal

Norwegian fertiliser company Yara would like to boost its current 35-percent stake in Australian ammonia maker Burrup and is considering whether to match Apache Corp’s bid for 65 percent of the firm. “As we have said several times, we would like to increase our share in Burrup, but it will have to be done only […]

Libya respects oil deal, including Shell’s-OilMin

Libya’s interim oil minister, Abdulrahman Ben Yazza, said his government respected Gaddafi-era oil contracts with foreign oil companies including those signed with Royal Dutch Shell Plc. “Libya respects all signed contracts, including those signed with Shell oil company,” state news agency quoted Yazza as saying during a meeting this week with the Dutch ambassador. Yazza […]

Libyan NOC to Export 9.71 Million Barrels of Crude This Week

Libya’s National Oil Corp. will export 9.71 million barrels of crude this week, a company official said. NOC shipped 4.13 million barrels in the week ended Jan. 4, Ahmed El-Mihoub, an official at the company’s crude oil and natural gas marketing department, said in an e-mail from the capital Tripoli. Breakdown of shipments for week […]

Libya: Governance & Rule of Law

The National Transitional Council (NTC), Libya’s interim governing body, published a draft law online on 01 January 2012, according to Reuters. The law bans Libyans with ties to Moammar Gaddafi and academics who wrote about Gaddafi’s “Green Book” from running in Libyan elections. The law, expected to be finalised within a month, codifies the process […]

Libya: Economic Development

 On 22 December 2011, the European Union (EU) unfroze all assets of the Central Bank of Libya and the Libyan Arab Foreign Bank, according to Reuters. In a separate article, Reuters reports that port workers in Tripoli went on strike 01 January to demand better working conditions and government invest-ment to repair damage caused by […]