Libya’s oil industry improving rapidly after war

Libya’s oil industry is recovering from this year’s war at a much faster rate than many people had hoped. The revenue earned from the energy sector will ultimately pay for the reconstruction of this war-damaged nation. Before the conflict, it was producing 1.6 million barrels of oil a day. The fighting pretty much shut down […]

Italy’s ENI resumes 70% of its Libya oil output

Italian oil giant ENI, the top producer of Libyan crude, has resumed production of about 70 percent of its pre-conflict output from the North African country, its chief Paolo Scaroni said Thursday. “We are close to 200,000 barrels a day” of oil equivalent including gas, Scaroni said at the World Petroleum Congress in Doha. Current […]

Libyan Tycoon Husni Bey Tells All

The chairman of HB Group certainly has a role in Libya’s future, but he has to answer questions about his past “They all want to be like Husni Bey, yes. For many kids, for many youth, for many grown-ups, I’m the role model for them,” says Husni Bey Husni, on an early November visit to […]

EGYPTAIR doubles flights to Libya

As a result of the increase in traffic between Egypt and Libya, and in response for its customers’ needs, EGYPTAIR took the decision of doubling the flights to the Libyan cities to become 21 weekly flights instead of 11 flights; by double daily flights to Tripoli starting 7th of Dec and a daily flight to […]

A new partnership between the UK and Libya

The Minister for the Middle East and North Africa Alistair Burt completed a three day visit to Libya on 8 December. This is the first visit by a UK Minister since the formation of the new Libyan Government.   During his visit he met the Libyan Foreign and Interior Ministers and discussed with them a […]

Total Sees Libya Output at 1.5 Million Barrels a Day in 2012

Libya’s oil output will reach 1.5 million barrels a day by mid-2012, according to the Chief Executive Officer of Total SA, Christophe de Margerie. Total has been too pessimistic in its estimates of the Libyan oil industry’s recovery after the armed conflict in the North African country, he said today in Doha, Qatar. The Paris- […]

BP, Shell Plan to Resume Exploration, Boost Production in Libya

BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to resume drilling at wells begun in the North African state before the outbreak of hostilities at […]

Bangladesh’s Libya evacuees keen to get back to work

Some 37,000 Bangladeshi migrant workers were evacuated from Libya, mostly by the International Organisation for Migration or their employers, when foreign companies shut up shop as fighting erupted earlier this year. Before war broke out, tens of thousands of Bangladeshi contract workers were based in Libya, working mostly for large Korean companies on oil or […]