Libya amending bank law to attract foreigners

Libya is amending its banking laws to attract foreign investment and stimulate its private sector as it seeks to create an investor-friendly environment following last year’s war that ousted Muammar Gaddafi, the central bank governor said. In an interview with Reuters, Saddeq Omar Elkaber said the new Libyan leadership was working on creating the legal […]

Weekly Security Review

Tripoli Over recent weeks there have been unconfirmed reports of intelligence relating to apparent hostile groups looking to carrying out attacks in the city around the time of anniversary celebrations on 17 February. Although there remains a risk of one-off attacks even after the celebrations, it is unclear to what extent these hostile groups exist, and it […]

Greece eyes Libyan oil after Iran embargo

Greece said Thursday that Libya could plug the gap in the country’s oil supply created by an EU-imposed embargo on Iranian oil, which accounted for about a third of Athens’ imports. “Given that oil production in Libya is climbing back to pre-war levels, Libya is an alternative supply source,” foreign ministry spokesman Grigoris Delavekouras told […]

Libya oil exports to hit 1.2 mln bpd in Feb -NOC

Libya plans to export close to 1.2 million barrels of oil per day (bpd) in February, up from around 970,000 bpd in January, a senior National Oil Corporation (NOC) source said on Thursday. Libya is currently pumping 1.265 million bpd, the source added, as output continues to head towards pre-war levels of around 1.6 million […]

Libyan minister would like to see Turkish teachers, schools in his country

Libya’s minister of higher education said on Thursday he would welcome the establishment of Turkish schools in his country. Naim Ghariani, Libya’s minister of higher education, said his country would like to see the opening of Turkish schools and would welcome Turkish teachers and students. Encouraged by Turkish Islamic scholar Fethullah Gülen, Turkish entrepreneurs have […]

Libya Invites Bids to Upgrade General Chemical Industries Plants

Libya invited companies to bid for contracts to upgrade plants operated by the General Co. for Chemical Industries, a state-owned producer of salt and chlorine-related plastics. Potential bidders have until Feb. 29 to submit offers to upgrade and expand capacity at production lines of plastics such as polyvinyl chloride operated by the company in Abu […]

Libya’s Oil – First Risk & Security Assessment of Infrastructure Released

Tripoli – International Risk Mitigation Company AKE has produced the first independent security and risk assessment of Libya’s major oil producing and refining facilities. Designed to provide accurate and actionable information to those companies looking to enter or re-enter the oil-rich North African state, the project aim was to assess the threat level in the […]