Tag Archives | Ali Tarhouni

Libya Elections 2012: Libyans Vote for First Time in Nearly 50 Years

Elections in Libya will be held on July 7 to elect 200 members to the General National Congress (GNC) (Mutamar Al Chaab Al Aam). The GNC will replace the interim government of the National Transitional Council. For these 200 seats, more than 2500 independent candidates and 142 political entities are in the fray. Some of the […]

Italy Last Among Libya’s ‘Friends’ for New Oil Concessions

Libya’s new leaders will remember who provided the most help in overthrowing Muammar Qaddafi when it comes to new oil concessions. Italy, the biggest investor in the country, may find itself at a disadvantage. Libya has the world’s ninth-largest proved reserves of oil, estimated at more than 46 billion barrels, according to the Central Intelligence […]

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 […]

Libya’s oil flows at 750,000 bpd, recovery

Libyan oil output has climbed to 750,000 barrels per day (bpd) and remains on track to reach pre-war production levels by the end of next year, the chairman of the National Oil Corporation (NOC), Nuri Berruien said on Thursday. Before the February uprising, Libya pumped some 1.6 million bpd, but civil war brought flows to […]

Libyan prime minister poised to announce secularist cabinet

Abdurrahim al-Keib, the new Libyan prime minister, is set to announce a secularist cabinet on Tuesday. The major surprise in leaked details of the cabinet – which has no places for prominent Islamists – is the appointment of Osama Jweli, the chief of the Zintan military council, as defence minister at the expense of the […]

Libya’s oil could be a curse or a blessing

The biggest challenge facing Libya’s transitional government may also be its greatest blessing: what to do with all the oil. Libya is awash in black gold.  With about 46 billion barrels of proven oil reserves — and much of the country still unexplored — Libya ranks as the world’s 18th largest oil producer, and the […]

Huge Obstacles Impeding Libya’s Stability

A new study has pointed to lack of political stability and security as Libya’s main hurdles on the road to post-conflict reconstruction and economic recovery. Though officially declared as “liberated”, Libya is considered an “extreme risk” country. Prior to the uprisings, Libya’s hydrocarbon industry accounted for over 95% of export earnings and between 85% and 90% […]