OMV quarter up on Libya

Increased output from Libya, recovering from the turmoil of civil unrest, helped Austria’s OMV boost production slightly in the first quarter, the company said in a trading statement released on Tuesday. The company’s total hydrocarbon production rose to 299,000 barrels of oil equivalent per day for the March quarter from 289,000 in the previous quarter, […]

Was the Arab Spring Good for Renewable Energy?

The revolutions that have been taking place in the Arab world since December 2010 have had a significant impact on the economy, not only in the countries involved, but also the rest of the World. How is the Arab Spring, which has caused massive financial losses on one side, also able to influence growth and […]

Weekly Security Review

Projections The security situation in Tripoli will remain positive, although there is an ongoing risk of clashes between rival militia groups and attacks by groups and individuals hostile to the NTC and seeking to disrupt the transition process. Following the handover of Tripoli International Airport to the central authorities the NTC will likely seek to […]

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 […]