Tag Archives | Germany

“Support to Municipalities in Libya” Workshop

In the framework of “Support to Municipalities in Libya” programme, co-financed by the European Union and Germany, a workshop was organised, gathering 16 municipalities across Libya. The objective is to develop institutional capacities for improved delivery of services at the local level. The project is intended to provide institutional assessments, institutional development plans and to […]

Wintershall DEA “Considering Libya Exit”

By John Lee. German Oil and gas firm Wintershall DEA is reportedly considering exiting Libya following disagreements with the National Oil Corporation (NOC) over licences. Handelsblatt reported that the company’s Chief Executive Mario Mehren, and Hans-Ulrich Engel, CFO at BASF – which holds a 67% stake in Wintershall – have met with a senior representative […]

Joint Statement on National Oil Corporation (NOC)

Joint statement by the Ambassadors and Chargés d’Affaires of France, Germany, Italy, Turkey, the United Arab Emirates, the United Kingdom and the United States of America: “We fully support Libya’s National Oil Corporation (NOC) as the country’s sole independent, legitimate and nonpartisan oil company. “Now is the time to consolidate national economic institutions rather than […]

Germany aims to host Libya Conference

By John Lee. Germany aims to host a conference about Libya this year in conjunction with the United Nations to try to stabilise the oil producing country, where rival factions have been fighting over the capital, Germany’s ambassador to Libya said on Wednesday, Reuters reports. The plans, which are still in the early stages according […]

AGOCO discusses Projects with Germany’s Ferrostaal

By John Lee. Representatives from the Arabian Gulf Oil Company (AGOCO) has met with German company Ferrostaal to discuss, amongst other things, a water treatment project at Area 91. They also discussed the technical and financial status of the J22 gas project, and the project to link the concession wells (MN4) in Hamada field. (Source: […]

LISCO planning $1bn Tender

By John Lee. The Libyan Iron and Steel Company (LISCO) is reportedly planning to announce a $1-billion tender next month to build two new plants. Chairman Mohamed al-Faqih also told Reuters that the company has started exporting to Algeria, and aims to increase production this year. For the new plants, al-Faqih said Lisco is targeting […]

Foreign Firms in process of Renewing Libya Licences

By John Lee. A number of foreign firms have reportedly started work on renewing their licences to operate in Libya. According to Reuters, the Economy Ministry suspended 40 foreign firms in May on the grounds that their licenses had expired, before granting a grace period of three months to seek new ones. Tripoli-based economy minister […]

Wintershall Dea sees Risks to Libyan Production

By John Lee. The CEO of Germany’s Wintershall Dea has said that the current instability in Libya presents a significant risk to the company’s on-shore production. On the sidelines of the 2019 St. Petersburg International Economic Forum (SPIEF-2019), Mario Mehren (pictured) told TASS: “We have offshore production that has the advantage of being offshore so […]