China looks at Libya post-war reconstruction

A team of Chinese government officials has arrived in Libya to look into post-war reconstruction. China was slow to support the rebels in Libya’s revolution last year. In September, it became the last member of the U.N. Security Council to formally recognize the transitional council as the country’s ruling authority. It did so only after […]

Libya’s Crude Bookings to Rise to 1 Million Bpd Next Week

Nine oil tankers have been booked so far to load about 1 million barrels a day of crude oil in Libya next week, according to data from Poten & Partners Inc. The ships have been chartered to pick up 970,000 metric tons, the equivalent of about 7.1 million barrels, the New York- based shipbroker’s figures […]

Jordan hospitals struggle with Libya patients

Jordan’s hospitals are struggling to cope with thousands of Libyans who were injured during the country’s uprising. Some of the Libyan patients are angry at the National Transitional Council, which is paying their medical bills, accusing them of failing to co-ordinate with the Jordanian authorities regarding their arrival. Many of them have made the long trip to Jordan for […]

Italy and Libya move to re-establish old friendship

The events of the Arab Spring disrupted Italy’s centuries-old relationship with Libya, its neighbour across the Mediterranean, but – now the dust has settled – both sides are keen to restore a spirit of co-operation. The links between Italy and its former North African territory go back not only to the brief 36 years of […]

Libya, UK help OMV Q4 output rise

Output from Libya helped Austrian energy group OMV boost production slightly quarter on quarter despite the absence of supplies from Yemen amid political unrest there. OMV’s fourth-quarter production edged up to 289,000 barrels of oil equivalent per day (boed) from 283,000 in the previous quarter, it said in a trading statement on Friday. “Overall production […]

China sends work team to Libya

 China’s Ministry of Commerce is to send a work team to Libya to exchange views on China’s participation in the African country’s post-war reconstruction. The work team, led by Wang Shenyang, director of the ministry’s foreign investment and economic cooperation department, will visit Libya from February 4 to February 8, the ministry said in a […]

Libya sees $10 bln budget deficit in 2012: paper

Libya’s government will post a budget deficit of $10 billion this year as it struggles to pay public workers’ salaries and meet energy costs, the head of the country’s National Transitional Council (NTC) said in remarks published on Thursday. Mustafa Abdel Jalil told French daily newspaper Le Figaro the country had still only recovered a […]

Libya’s Agoco hopes for full oil output in April

Libya’s Arabian Gulf Oil Company (Agoco) is producing around 300,000 barrels per day (bpd) and hopes to reach full production in April, later than previously thought because of electricity problems at some fields, a spokesman said on Thursday. The Benghazi-based company had previously said it expected to return to full production of 425,000 bpd by […]