Libya, Iraq want to buy Russian arms: Minister

Libya and Iraq continue to show interest in buying Russian-made weaponry despite regime changes in these countries, a minister said Tuesday. Deputy Prime Minister Dmitry Rogozin, who oversees the defence industry, said: “The Libyan military leadership and the Iraqi government have shown serious interest.” After the fall of the Saddam Hussein regime in Iraq and […]

Delegation visits Libya for business

A Maltese business delegation of 20 companies involved in the maritime sector was in Libya last week, visiting the major ports of Tripoli and Misurata, Homs and Zliten. Organised by Malta Enter-prise, the visit was described as successful, with the delegation viewing the operating environment and meeting port authorities. Networking sessions and one-to-one meetings were […]

OMV says Libya output hits 25,000 bbl/d in Q1

Austrian energy group OMV’s output from Libya rose to around 25,000 barrels per day in the first quarter, it said in a trading statement on Tuesday. “Overall production increased compared to the previous quarter mainly due to the recovery of production in Libya (average production in Q1/12 of approximately 25,000 bbl/d). This increase was, however, partly […]

Libyan energy sector seeks normalization

An international exhibition for the regeneration of Libya’s oil, gas and petrochemicals sector, Oil & Gas Libya 2012, was launched yesterday at Tripoli’s International Fairground. A number of energy companies hailing from several countries across the world attended the four day event, which aimed to mark the normalization process in Libya. “The Organizers are in […]

Libya oil minister says output near pre-war levels

Libya’s oil minister says production is nearly back to its pre-war levels. It’s now at 1.5 million barrels a day. Abdulrahman Ben Yezza says Libya could start pumping about 1.6 million barrels a day by midyear. That’s what Libya produced before the eight-month conflict to oust dictator Moammar Gadhafi. That brought production to a halt. […]