Libya NTC says to review investments worldwide

Libya will review its investments in the Arab world, Africa, and elsewhere, and it will make major agricultural and property investments in neighboring Sudan, the chairman of its ruling National Transitional Council said Saturday. “We have a general view to review all investments in the Arab world, the African continent and elsewhere,” Mustafa Abdul Jalil […]

Italy Last Among Libya’s ‘Friends’ for New Oil Concessions

Libya’s new leaders will remember who provided the most help in overthrowing Muammar Qaddafi when it comes to new oil concessions. Italy, the biggest investor in the country, may find itself at a disadvantage. Libya has the world’s ninth-largest proved reserves of oil, estimated at more than 46 billion barrels, according to the Central Intelligence […]

Libya opens door to UAE oil companies

UAE oil and gas companies are positioning themselves for a move into Libya, encouraged by assurances that they will receive preferential treatment as payback for the Government’s support of anti-Qaddafi forces during last year’s civil war. “We have been told very clearly: the authorities are encouraging UAE and Qatar companies. They want to give them […]

Protecting Libya’s Heritage as Country Tries to Resurrect Tourism Industry

Libya boasts a rich cultural heritage; Palaeolithic rock paintings, Greek and Roman ruins and ancient desert oases. These historic treasures, including six UNESCO World Heritage sites, have suffered years of neglect and most recently the perils of conflict. During the conflict in Libya there were allegations that pro-Gaddafi troops and missiles were being hidden in […]

Norway fertiliser maker Yara mulls Australian deal

Norwegian fertiliser company Yara would like to boost its current 35-percent stake in Australian ammonia maker Burrup and is considering whether to match Apache Corp’s bid for 65 percent of the firm. “As we have said several times, we would like to increase our share in Burrup, but it will have to be done only […]

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 […]