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 […]
Waha Oil Production Should Hit Pre-War Level by End January
A day after Libya’s Waha Oil Co firm exported its first shipment of 600,000 barrels of oil to Italy, the company’s manager, Ahmed Amar said, that by the end of January, Libya’s Waha Oil Co will reach pre-war oil production levels of 350,000 barrels per day (bpd).Al-Sedr oil port, about 600 km east of Tripoli. […]
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,” […]
Workers at Tripoli’s decaying port go on strike
Port workers in Libya’s capital Tripoli went on strike on Sunday to demand better working conditions and government investment to fix major damage caused by war and decades of negligence. The port, Libya’s largest non-oil harbor, was damaged during the civil war that ended Muammar Gaddafi’s rule. In May, NATO sank eight Libyan warships there […]
German companies ready to seize business opportunities in Libya
German companies see promising business opportunities in Libya. Many of them hope to land some highly profitable contracts following the fall of the Gadhafi regime. But international competition is on the ríse. With its huge oil and natural gas reserves, Libya is viewed by German businesses as a trade partner with huge potential. German Economy […]
Libya Will be Marzouki’s First Official Visit
President Moncef Marzouki announced on the day following his election that Libya will be the destination of his first official international visit. Marzouki will be traveling to Libya January 2, 2012. “He received an official invitation to visit Libya. The visit aims to show support for the Libyan Revolution and to reinforce Tunisian-Libyan relations. He will meet Libyan officials and businessmen,” said Imed […]