The Libyan Investment Authority (LIA) released detailed figures on its investments in efforts to be transparent. Libya’s sovereign wealth fund, managed by the LIA, was created in 2006 to manage Libya’s oil revenues and there is speculation that the fund will sell off its assets in parts of Africa to help finance Libya’s reconstruction.
Royal Air Maroc to resume flights to Libya on 21 November – The Moroccan airline, Royal Air Maroc (RAM), on Thursday said it would, from 21 November, resume its flights to Libya from Casablanca, following the reopening of the Tripoli international airport. The Moroccan airline said it would resume flights to Libya from the Mohamed […]
The Casapinta Design Group Ltd has announced the continuation of the following exhibition programme in Tripoli for 2012: • Infrastructure Libya 2012 – International Exhibition & Conference for Libya’s Rebuilding Programme www.infrastructurelibya.com • Oil & Gas Libya 2012 – International Exhibition & Conference for the Regeneration of Libya’s Oil, Gas and Petrochemicals Sector www.oilandgaslibya.com These […]
Of all the countries that have come through the Arab Spring, Libya may have had the hardest journey – and, with Colonel Gadaffi having only met his end in recent weeks, faces the most uncertain future. However, fund managers believe that the country could also offer outsize returns for those willing to gamble on a […]
Libya has told Egyptians they will need visas to enter the country, Egypt’s state news agency said on Wednesday, after Egypt imposed travel restrictions on Libyans during the uprising against Muammar Gaddafi. Egypt toughened its entry requirements after the rebellion broke out in eastern Libya in February and some Libyans tried to cross the border […]
Libya’s Arabian Gulf Oil Company (Agoco) is producing 266,000 barrels per day (bpd) from five fields and hopes to reach 400,000 bpd by early next year, a spokesman said on Wednesday.The Benghazi-based company recently began pumping crude at the Hamada and Beda fields after their restarts were delayed due to some problems. Agoco’s Abdeljalil Mayuf […]
Tripoli The security situation in Tripoli is described as positive. However, AKE sources on the ground have reported an increasing degree of frustration among the population over the speed at which the NTC has been able to make positive progress. If the situation is not seen to improve markedly over the coming weeks, there is […]
Libya signalled on Tuesday it may not support Gulf Arab OPEC producers when the exporters’ group meets in December, saying those countries should reduce output to make space for Libya’s returning oil output. The Organization of the Petroleum Exporting Countries (OPEC) has been operating without formal output limits since December 2008 and this year Gulf producers […]