Al Ghurair eyes $1.5bn investment in Libya

UAE-based Al Ghurair Group is planning to invest $1.5 billion in a refinery over the next four years, a senior official of the group was quoted as saying. The group already has a 50 per cent stake in the largest refinery in Libya and it plans to expand the plant, Abdul Aziz Al Ghurair was […]

Libya: NTC deputy chief Abdel Hafiz Ghoga resigns

The deputy head of Libya’s ruling National Transitional Council (NTC) says he has resigned amid growing protests against him. Abdel Hafiz Ghoga told Al-Jazeera TV that he was resigning in the national interest. Several hundred protesters stormed the NTC headquarters in the second city Benghazi on Saturday. Observers say it was the most serious show […]

ENI says Libya oil output back to pre-war levels

Italian group Eni’s oil output in Libya is almost back to its pre-conflict levels at 260,000 barrels per day, Chief Executive Paolo Scaroni said on Saturday. “Output has now gone back to its pre-war levels. It was 270,000 bpd (before the war), now it’s 260,000 bpd,” Scaroni told journalists in Tripoli. Scaroni also said Eni […]

Italian PM, Delegation Start Visit to Libya

Italian prime minister Mario Monti arrived in the Libyan capital, Tripoli Saturday to revive a treaty of friendship and to offer his nation’s expertise in training police in the country that after an eight-month revolution emerged from the dictatorial rule of Muammar Gaddafi. On his first visit to Libya since the ousting of Gaddafi, Monti […]

Humanitarian aid containers shipped to Libya

Two containers full of clothing and blankets were shipped to Libya by the Civil Protection Department this morning to assist displaced persons. Speaking before the containers were loaded onto trucks at the CPD’s Humanitarian Aid Unit in Marsa, Home Affairs Minister Carm Mifsud Bonnici said that although the civil war in Libya was no longer […]

Jordan to train 10,000 Libyan ex-rebels

Libya will send 10,000 former rebels who helped topple Muammar Gaddafi’s regime to Jordan for training in order to integrate them into the interior ministry, a senior official told AFP. The two countries signed a memorandum of understanding for the training of 10,000 “thuwar” (revolutionaries), ministry spokesman General Abdelmonem al-Tunsi said. As per the text […]

Libya and Tunisia sign security accord

Libya and Tunisia agreed on Thursday to boost cooperation on security, the fight against “terrorist groups” and border controls, according to a memorandum of understanding signed in Tripoli. The north African neighbours agreed to “exchange information on the activities and crimes of terrorist groups… their sources of financing and the movements of their leaders,” said […]

Conoco Books Tanker to Ship Libyan Oil to U.S., Shipbrokers Say

ConocoPhillips booked an oil tanker to haul Libyan crude to the U.S. as the North African country boosts output following the overthrow of Muammar Qaddafi last year, data from shipbrokers including Poten & Partners show. The Donat, a 1 million-barrel carrier owned by Zadar, Croatia-based Tankerska Plovidba DD, was hired to load 135,000 metric tons […]