Malta makes proposal to Libya and Italy on continental shelf issue

Malta has made a proposal to Libya and Italy as a possible solution to the continental shelf issue, which has been pending for years, Foreign Minister Tonio Borg said this morning. An agreement is needed so that oil exploration can take place. Speaking in Parliament during the budget debate on the financial estimates of the […]

Libya oil output climbs to 840,000 bpd -NOC

Libyan oil production has increased to 840,000 barrels per day (bpd) as companies resume output following the eight month war, the National Oil Corporation (NOC) said in a statement. “The National Oil Corporation announces that crude oil production reached 840,000 barrels per day on Tuesday,” it said in the statement on its website. “Efforts being […]

Etihad’s Tripoli flights to start in January

Etihad Airways announced today that it will begin flying to Tripoli on 17 January. The three return flights a week will be operated by an Airbus A320 with 162 Coral Economy seats. The flights will depart from Abu Dhabi at 8 am. on Tuesdays, Fridays and Sundays with the return service leaving Tripoli at 4.15 […]

Weekly Security Review

Tripoli The security situation in Tripoli remains good. In general, the attitude towards western personnel is positive, however AKE sources on the ground have reported a degree of suspicion among some sections of the population. Personnel are not advised to spend large amounts of time outside without a Libyan national accompanying them.  AKE sources on […]

Bank of Valletta representative office in Libya back in operation

The Bank of Valletta representative office in Libya resumed operations on November 13. The Bank had temporarily suspended its operations during the uprising in the country to ensure the safety of its employees.The Bank’s Representative Office will continue to promote cross-border trade and investment between the two countries and to help provide the infrastructure necessary […]

Opec supply hits three-year high on Libya return

Opec oil output has risen in November to a three-year high due to increased supplies from Angola and a further recovery in Libya’s production, a Reuters survey found on Tuesday. Supply from all 12 members of the Organisation of the Petroleum Exporting Countries is expected to average 30.27 million barrels per day (bpd) this month, […]