Turkish Oil Company Eager to Resume Work in Libya

The head of the Turkish Petroleum Corporation, TPAO, office in Libya, Ahmet Tandircioglu has been reported saying that his company was eager to resume its oil exploration and other projects in the new Libya.  The TPAO executive said that the companies that served TPAO suffered losses and damages during the eight-month long armed conflict that […]

Qatari Investments in Libya accounting for around USD 10 billion

Before the collapse of the Libyan regime led by Gaddafi, several Libyan-Qatari agreements were concluded covering common investments that exceed USD 10 billion. After the National Transitional Council (NTC) took power in Libya, the Qatari Government started to observe cautiously, like all the other countries that supported the NTC, the size of its projects and […]

OMV Libya output back to half of prewar level

Austrian energy group OMV’s output from Libya has reached half the level it was before the civil war halted production, Chief Executive Gerhard Roiss said. “At the moment we are at 50 per cent of the pre-war level,” or at around 17,000 barrels per day (bpd), he told reporters on Friday, reiterating his view that […]

Libya’s NTC sets up committee to probe oil graft

Libya’s National Transitional Council has set up a committee to investigate corruption in the oil sector during the rule of Muammar Gaddafi, a member of the committee told Reuters on Sunday. A wide-reaching probe of oil deals could lead to a re-allocation of lucrative contracts awarded to foreign oil majors under Gaddafi, disrupting the companies’ […]

UAE embassy in Tripoli re-opened

TRIPOLI – UAE Ambassador to Libya Sultan Rashid Al Kaytoub today opened the UAE embassy in Tripoli, in presence of Abdul Karim Bazma, Secretary of the Libyan National Transitional Council & National Security Advisor. Also presents were the heads of diplomatic missions accredited by Tripoli and Salem Ibrahim Al Naqbi, 1st Secretary at the UAE […]

Islamists and Libya

A characteristic of Libya, a fortunate one in times of tension, is that it has no religious divides. Practically all Libyans are Sunni Muslims. Their society is conservative and they are attached to their traditions. They are not fanatics, on the contrary they insist that they are moderate and open to modern ideas. Recently I […]

Shell to ship Libyan crude to Singapore: traders

Royal Dutch Shell has provisionally booked an oil tanker to load a cargo of Libyan crude in early December for Singapore, which is likely to be the first for the city state since the end of the civil war, traders said on Thursday. The Libyan crude was probably Bu Attifel, a grade commonly used by […]

Joint oil exploration proposed to Libya and Italy

A proposal made to Malta’s neighbouring countries Italy and Libya was that the solution to the continental shelf issue could be an agreement for joint exploration, Foreign Affairs Minister Tonio Borg told parliament yesterday morning. Dr Borg, who was speaking during the debate on the budget estimates for the Foreign Affairs Ministry, said Malta had […]