Opec supply hits three-year high on Libya return

Opec oil output has risen in November to a three-year high due to increased supplies from Angola and a further recovery in Libya’s production, a Reuters survey found on Tuesday. Supply from all 12 members of the Organisation of the Petroleum Exporting Countries is expected to average 30.27 million barrels per day (bpd) this month, […]

Jordan Keen on Role in Reconstruction of Libya

Libya is keen to involve Jordanian expertise in the reconstruction of Libya, the Kingdom of Jordan’s Industry and Trade Minister Sami Gammoh told a news conference in the Jordanian capital, Amman recently. This interest is also shared by Jordanian officials, he added. Mr Gammoh said that the Jordanian private sector can offer services and assistance […]

Give us our money, Libya tells the world – Air Malta resumes Tripoli flights

Lawrence Gonzi yesterday became the first Prime Minister to visit Tripoli and hold a bilateral meeting with his counterpart in Libya, Abdurrahim Khaled Abdulhafiz El-Keib. It is clear that the Libyan government’s main concern is the release of assets which are being held by numerous countries around the world, something which Prime Minister Lawrence Gonzi […]

AACO 2011: EgyptAir resumes flights to Tripoli

Ahead of the Arab Air Carriers Organisation Annual General Meeting in Abu Dhabi Egypt Air has confirmed it will re-launch services to Tripoli. The Egyptian flag-carrier suspended operations to Libya during the political unrest which swept the country earlier this year. However, EgyptAir will now operate daily non-stop flights between Cairo and Tripoli. Flights will […]

Libya’s Sirte Oil starts Alraqhobh output at 8,000 bpd

Libya’s Sirte Oil has begun crude production at the Alraqhobh field at a rate of 8,000 barrels per day, the National Oil Corporation (NOC) said on its website. “This production represents about 9 percent of the total capacity of the company, which seeks to reach maximum production rates as soon as possible,” the NOC said […]

HSBC re-opens in Libya

 HSBC closed its Tripoli office in February. With the end of hostilities and the rapidly normalising situation on the ground, the bank said it is able to re-open for business. HSBC’s representative office was first established in 2006, although the bank’s presence in Libya goes back almost 60 years, having opened its first branch in […]