Libya respects oil deal, including Shell’s-OilMin

Libya’s interim oil minister, Abdulrahman Ben Yazza, said his government respected Gaddafi-era oil contracts with foreign oil companies including those signed with Royal Dutch Shell Plc. “Libya respects all signed contracts, including those signed with Shell oil company,” state news agency quoted Yazza as saying during a meeting this week with the Dutch ambassador. Yazza […]

Libyan NOC to Export 9.71 Million Barrels of Crude This Week

Libya’s National Oil Corp. will export 9.71 million barrels of crude this week, a company official said. NOC shipped 4.13 million barrels in the week ended Jan. 4, Ahmed El-Mihoub, an official at the company’s crude oil and natural gas marketing department, said in an e-mail from the capital Tripoli. Breakdown of shipments for week […]

Libya: Governance & Rule of Law

The National Transitional Council (NTC), Libya’s interim governing body, published a draft law online on 01 January 2012, according to Reuters. The law bans Libyans with ties to Moammar Gaddafi and academics who wrote about Gaddafi’s “Green Book” from running in Libyan elections. The law, expected to be finalised within a month, codifies the process […]

Libya: Economic Development

 On 22 December 2011, the European Union (EU) unfroze all assets of the Central Bank of Libya and the Libyan Arab Foreign Bank, according to Reuters. In a separate article, Reuters reports that port workers in Tripoli went on strike 01 January to demand better working conditions and government invest-ment to repair damage caused by […]

Libya, Saudi Arabia to Restore Full Relations

Less than three months after the end of the conflict in Libya that ousted former Libyan dictator Muammar Gaddafi after 42 years of rule, the Saudi Press Agency, ASP, has reported that Libya and Saudi Arabia have agreed to restore full diplomatic ties and exchange ambassadors. It follows a meeting on Sunday in the Saudi […]

Libya Begins Plan to Elect Assembly

Libya’s interim government posted on its Web site a draft law laying out procedures for electing a planned constitutional assembly, taking a first step toward the establishment of a new government after the overthrow of Col. Muammar el-Qaddafi. The draft law leaves the most difficult and politically delicate questions, like drawing up districts or settling […]

Libya’s al-Sedr oil port resumes operations: official

Libya’s al-Sedr oil port has resumed operations and will see the first oil shipment sail on Tuesday or earlier, an official from Waha Oil Co said, months after the terminal stopped running during a civil war that ended Muammar Gaddafi’s rule. “The port was damaged by the Gaddafi regime and the facilities are now operational,” […]