Libya opens registration for assembly vote

Libya on Tuesday opened voter and candidate registration centres, in another step towards its goal of holding elections for a constituent assembly in June. “Registration for voters and candidates opened today,” Nuri Abbar, head of the electoral committee, told AFP. The vote will mark the first nationwide poll after decades of dictatorship under Moamer Kadhafi, […]

Libya Oil Office Disruption Hearkens Renewed Risk

For more than a week, armed men have prevented workers from entering the headquarters of one of Libya’s leading oil producers, claiming they had protected the company and deserved compensation for it, local oil officials say. The conflict, which has so far not affected Libya’s oil output, highlights the brittle nature of Libya’s oil recovery. […]

Libya’s Agoco says may stop output due to protests

Libya’s Arabian Gulf Oil Company (Agoco) may halt production of crude if authorities do not put an end by Thursday to protests that have closed off its headquarters for a week, a company spokesman said. Protesters have prevented Agoco employees from entering its Benghazi-based office since last Monday, calling for more transparency over how Libya’s […]

Former Libyan PM drowned in Danube, police insist

Viennese police insisted on Monday that a former Libyan premier found dead in the river Danube had drowned, but a Libyan security source suggested he could have been murdered by political enemies. Libya’s former prime minister and oil minister Shokri Ghanem’s fully clothed body was found in the Danube in Vienna on Sunday, a few […]

Islamic insurance body visits Libya

A delegation from the Islamic Corporation for Insurance and Investment, part of the Islamic Development Bank (IDB), has visited the Libyan Exports Development Centre. The Libya Herald reports the delegation was met by the director of the centre, Ali Owheyda, and the head of its exporters’ support office. The visit aimed at finding ways of […]

ENI profits soar 42% as Libya output resumes

Italian oil giant ENI said that its first quarter net profit soared 42 per cent to €3.617 billion on the resumption of production in Libya and higher crude prices. Overall output, however, fell slightly by 0.6 per cent to 1.674 million barrels of oil equivalent per day, although the company said it was expecting production […]

Libyan-Owned Tropical Bank of Uganda Posts Loss as Deposits Drop

Tropical Bank Ltd., the Libyan- owned lender seized by Uganda’s central bank last year, said it posted a loss in 2011 after customer deposits declined. The loss totaled 624.2 million shillings ($249,256) in the 12 months through December, compared with a profit of 5.6 billion shillings a year earlier, the Kampala-based bank said in a […]

Libyan radio channel to promote Turkey

A Libyan radio channel, established through contributions from Turkey, will promote Turkey. The radio channel, established with contributions from the Turkish International Cooperation and Development Agency (TİKA), will begin broadcasting soon on the FM band. TİKA provided all the necessary equipment for the radio channel, which will broadcast in Arabic and will promote Turkey as […]