Indian firms keen to buy stakes in Africa’s energy assets

State-run Indian Oil Corporation, Gas Authority of India Ltd and Petronet LNG are looking at buying equity stakes in energy firms and projects in Africa, senior ministers said Friday. Addressing the 3rd India-Africa Hydrocarbons Conference here, Finance Minister Pranab Mukherjee said Indian companies were interested in buying equity stakes in oil and gas assets in […]

Involvement in Operation in Libya Cost Britain £212m

British defence secretary Philip Hammond has confirmed that military operations in Libya during the eight-month long conflict had cost Britain £212m, and praised the operation in Libya that led to the overthrow of Muammar Al Qathafi. He said the operation had been legal and necessary to avoid a “festering rogue state on Europe’s borders”. Mr […]

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- […]