Eni cooperates in U.S. probe into Libya contracts

Italian oil and gas group Eni is cooperating with U.S. authorities in a probe of oil contracts in Libya, its chairman said on Tuesday. “We are an open book. We are cooperating with authorities and we’ll see how the situation develops,” Giuseppe Recchi said on the sidelines of a conference when asked about an investigation […]

UAE sends relief supplies to Libya

General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered a relief plane, carrying urgent medical aid to the Libyan people to ease their suffering. The move follows the directives by the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, to […]

Libya’s oil could leave the country on a slippery slope

Libya historically was divided into three parts: Tripolitania in the west, Barca (Cyrenaica) in the east and Fezzan in the south. But now, with attempts to declare Barca a federal region, a cursory look would suggest old divisions have resurfaced, with oil playing a new and crucial role. About 3,000 people gathered in Benghazi last […]

Libyan Airlines seeks to fly around EU ban

Libyan Airlines is in the final stages of wet-leasing an aircraft from a recognised European airline to be able to circumvent the ban imposed by the European Commission last week. The airline’s representative in Malta, Kevin Farrugia, said the aircraft would allow the airline to continue flying between Libya and European destinations including Malta, Athens, […]

Libya shines light on oil contracts

Libya has started investigating foreign oil companies over their past relationships with the former Muammar Gaddafi government, an investigator with the ruling National Transitional Council (NTC) said on Monday. Salem Qanan, who sits on the NTC’s Oil Committee, said the government had requested documents from Libya’s National Oil Corporation (NOC), which is in charge of […]

Libyan Authorities Halt Bonus Payments to Former Rebels

Libya’s official news agency LANA reported on Monday that the country’s interim authorities have stopped paying bonuses to former rebels due to widespread fraud costing millions of Libyan dinars. Mohammed Harizi, spokesman for the ruling National Transitional Council, was quoted saying that “Payment of rewards to rebels have been stopped due to violations and abuses,” […]

Bahwan Engineering plans to expand operations to Qatar

Bahwan Engineering Group (BEG), a well-diversified contracting firm in Oman, is planning to start operations in Qatar, in cooperation with a local partner. BEG has already carried out a market survey and is looking for a local partner, Suresh K Virmani, managing director of Bahwan Engineering Group, told Times of Oman. Virmani, who bagged the […]