Libya May Load 420,000 Tons of Crude on Four Tankers This Week

Four tankers have been booked so far to load 420,000 metric tons of crude oil in Libya this week, according to data from Poten & Partners Inc. The ships have been chartered to pick up the equivalent of about 3.1 million barrels, compared with about 2.7 million barrels booked to load on four vessels last […]

Libya awards oil supply in 2012 to major traders

Libya has agreed to supply four major European trading houses with crude oil in 2012, a senior National Oil Corporation (NOC) source told Reuters on Wednesday, appearing to break from a policy of restricting sales to end-users. Glencore was awarded the largest share among Europe’s trading majors, and will lift three cargoes of Libya’s prized […]

EU unfreezes Libyan central bank fund

The European Union decided on Wednesday to unfreeze all funds and assets of the Central Bank of Libya and the Libyan Arab Foreign Bank held in the bloc. An EU statement said a partial freeze of assets of the Libyan Investment Authority and Libya Africa Investment Portfolio imposed on Sept. 16 before the overthrow of […]

Air France in contract to repair Libyan jetliners

Franco-Dutch airline Air France-KLM has signed a contract with Libyan carriers Afriqiyah Airways and Libyan Airlines to repair aircraft damaged during the conflict to overthrow Muammar Gaddafi, it said on Wednesday. Afriqiyah has reaffirmed a contract with Air France Industries KLM Engineering & Maintenance – signed in 2008 and suspended for a year because of […]

Weekly Security Review

Projections Tripoli will remain generally stable, however, there is an ongoing risk of clashes involving opposing militia groups and tensions are likely to increase in the run-up to a deadline set by the local council for militias to be disarmed, and those from outside the city to return home. Benghazi will remain calm but there […]

Libya to maintain Ugandan investments

Libya has invested at least $375 million (about Shs 900billion) in Uganda through its multi-billion dollar investment arm—the Libyan Africa Investment Portfolio. In Africa, Uganda is considered a hub of Libya’s foreign investment.Under the regime of the Late Col Muammar Gaddafi—Libya invested heavily in sectors such as agriculture, telecommunication, hotels, health, construction, and finance.The range […]