GRTU calls for setting up of €50m Libya business support fund

GRTU, the Chamber of Small Enterprises, is insisting the government sets up a €50 million fund solely to help Maltese companies with funding to invest in Libya. According to the GRTU’s weekly newsletter Newstring, director general Vince Farrugia wrote to Finance Minister Tonio Fenech last Friday detailing “an urgent request to assist Maltese companies restarting […]

Vitol, Glencore win Libyan oil products tender

Trading giants Vitol and Glencore have won tenders to supply oil products to Libya’s government until the end of the year in a move that rivals said was increasing their chances to snap lucrative deals to export Libyan oil next year. Libya’s National Oil Corporation was seeking to buy up to 450,000 tonnes of gasoline, […]

Libya to reopen Qatar embassy within ten days

Libya will reopen its embassy in Doha within 10 days, the representative of the Libyan Transition Council in Qatar has said. “The new ambassador will be appointed within the next few days and will take up his post within ten days,” Abdul Munsif Al Bouri said. “The reopening of the embassy will reinforce bilateral relations […]

Libyan Bouri oil field resumes output at 10,000

Libya’s Mellitah Oil and Gas Company has restarted oil output from the offshore Bouri field, the National Oil Corporation said, adding to a relatively rapid resumption in output since the end of the country’s conflict. Output from the field has been resumed at an initial rate of 10,000 barrels per day (bpd) from the platform […]

Libyan tankers sailing again after war, sanctions

About half of state-owned Libyan shipping firm’s 24-strong fleet of tankers is sailing again after months of paralysis due to sanctions and a freeze on assets belonging to the family of former leader Muammar Qaddafi, a company manager said. The General National Maritime Transport Company (GNMTC) was on US sanctions lists during the Libyan conflict, […]

Libya returnees getting back job

Thirty-eight Bangladeshi workers will fly for Libya today, as the war-torn country starts recruiting overseas workers after a pause of eight months. An Italian company is recruiting these workers, Expatriates’ Welfare and Overseas Employment Minister Khandker Mosharraf Hossain said at a press briefing, yesterday. Another Libyan company sought to hire 34 of its former workers, […]

Libya New Oil Minister Ben Yezza Was NOC Official, Eni JV Chair

Libya’s newly appointed oil minister headed a commission that oversaw the bidding for drilling rights by international oil companies, and was chairman of an Eni SpA (ENI)Libya joint venture in the country prior to his new post. Ben Yezza previously served as chairman of Eni Oil Co., a joint venture with Libya’s National Oil Corp. […]

Libyan tribes protest at new government line-up

Some of Libya’s clans said on Wednesday they would not recognize the government, after the unveiling of a new cabinet revived regional rivalries which threaten the country’s stability. Prime minister designate Abdurrahim El-Keib named a cabinet line-up which aimed to placate Libya’s patchwork of tribes, regional interests and ideological camps which are competing to fill […]