Tag Archives | Abdulbari Alarusi (Al Arusi)

Libya to Invite Bids for Oil Concessions

By John Lee. Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] (pictured), has told AFP that Libya plans to invite bids from foreign firms for oil concessions by the end of 2013. He said there was strong demand from oil majors wanting to work in Libya, which he described as “a promising […]

Al-Arusi Announces New Refinery

By John Lee. Libya plans to increase its oil refining capacity and to develop petrochemical industries that generate jobs, according to a report from AFP. Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] told the agency: “Libya imports 70 percent of its fuel needs, something which is not normal for a country which […]

Libya to Sweeten Terms for Foreign Oil Companies

Reuters reports that Libya plans to improve the terms for foreign oil companies ahead of its next licensing round, which could begin as early as the third quarter of 2013. OPEC member Libya has reserves of over 40 billion barrels, but analysts have warned that some of the toughest terms in the business could act […]

Oil Minister meets Petrobras Directors

Libya’s new Oil and Gas Minister, Dr. Abdulbari Alarusi [Al Arusi], has met with the Director-General of Brazil’s Petrobras, Mr. Iran Dacosta, and the company’s Deputy Director-General Ms. Amal Dridi. The two sides reportedly discussed the company’s exploration activities and possible future cooperation. The company is currently carrying out exploration work in marine blocks that […]

Libya Oil Ministry to Restructure NOC

Reuters reports that Libya’s oil ministry is proposing to separate its exploration and production activities from refining, creating two separate bodies that would be headquartered in Tripoli and Benghazi. In a move that some see as appeasing calls for more authority in the oil-rich east, Minister Abdelbari al-Arusi [Alarusi] (pictured) said the proposed body dealing […]

Profile of Libya’s New Oil & Gas Minister

By Ibrahim El Mayet, of ie. consultancy. Profile of Libya’s New Oil & Gas Minister, Dr. Abdulbari Ali Elhadi Alarusi. Dr. Alarusi [Al Arusi] (51), from Zawia in Western Libya, studied Engineering, earning a Bachelor’s degrree in Chemical Engineering before embarking on a career in the oil industry. He later earned a Master’s degree (1987 […]