Libya and Liberia Restore Relations

The foreign minister of the Libyan transitional government, Ashur ben Khaila [Ashour Bin Khayal] (pictured), has reportedly signed a memorandum normalizing relations with the state of Liberia. The ministers met in the Ethiopian capital, Addis Ababa, on the margins of the African Summit meeting. The Liberian president sent a message of congratulations to the Libyan […]

Oil & Gas Exploration Workshop: Vision and Challenges

Libya’s National Oil Corporation (NOC) plans to hold a workshop on exploration activity in Libya with the participation of national experts, on 17th and 18th, December 2012. The workshop will address the following issues: The results of exploratory activity 2000-2012. Libyan oil law and its role in organization of procedural matters. Contract patterns – the […]

“Libya will Surprise the World”, Prime Minister

Prime Minister Abdelrahim al-Kib [Abd al-Rahim al-Keeb] (pictured) has predicted a bright future for foreign investment in Libya, especially in the oil sector, whose infrastructure needs to be overhauled. In an interview with AFP, he said: “The plan is to revamp the whole thing and work on the infrastructure of the oil and gas industry… […]

Pre-Qual Tender for Maintenance Work at Azzawiya Refinery

Azzawiya Oil Refining Company Inc. (ARC) located 45 KM west of Tripoli, Libya has invited specialized and capable national and international companies to apply for their prequalification for the above project. A summary of the works is as follows : 1. Project Description The maintenance works for the above heaters shall include, but not limited […]

Libya Opens Door to Irish Livestock Exports

The Irish Independent newspaper reports that Libya has accepted Ireland’s health certification on live cattle imports, a move that re-opens the Libyan market to Irish cattle for the first time since the BSE live cattle lock-out in 1995. In 1993, close to 400,000 head were shipped live and more than 200,000 tonnes went as carcass […]

Aman Bank Removed from Blacklist

Libya’s Aman Bank has been removed from the National Transition Council’s blacklist, which removes the danger of it being taken over and administered by the state, reports Libya Herald. The bank argued that it had not been been an associate of the Qaddafi regime nor had it been a business entity that was “inextricably linked” […]

Pak Libya Holding Company Assigned ‘AA-, A1+’ Ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Pak Libya Holding Company (pvt) Limited at “AA-” (Double A minus) and “A1+” (A one Plus), respectively. The rating of the PPTFC Certificate of Rs 750 million is maintained at “AA” (Double A). The ratings denote a very low expectation of […]

South Africa still has much to offer the eager new Libya

LIBYA’s liberation received vital foreign military and diplomatic backing, including South Africa’s crucial United Nations (UN) Security Council vote in March last year sanctioning a no-fly zone and “the use of all necessary means” to protect Libyan civilians. Any remaining doubts about the wisdom of the limited intervention to help Libya’s freedom fighters should have […]