Tag Archives | Iraq

Libya near Bottom in “Passport Power”

By John Lee. Libya has been rated joint-eleventh-from-the-bottom of the list in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while […]

New Allegations of Corruption in the Libyan Oil Industry

By John Lee. An investigation by Fairfax Media — publisher of The Age and The Sydney Morning Herald newspapers — and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]

US Targets Senior ISIL Leader in Libya

The U.S. military conducted an airstrike in Libya on Friday against an Iraqi national who was a longtime al-Qaida operative and the senior Islamic State of Iraq and the Levant leader in Libya, Pentagon Press Secretary Peter Cook said. In a statement, Cook said the strike targeted Abu Nabil, also known as Wissam Najm Abd […]

Libya Again Ranks Second Last …

By John Lee. Libya has again been ranked in second-last place out of 189 countries in the World Bank‘s recent Doing Business 2016 report. Top of the list were Singapore, New Zealand and Denmark, with last place going to Eritrea, just behind Libya and South Sudan. The pace of business regulatory reforms picked up during […]

Federalism and Decentralization in Libya’s Constitutional Proposals

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Followers of Iraqi politics in the post-2003 period and the ongoing debate about federalism […]

Weighing the Odds in Libya

By Padraig O’Hannelly. Today’s comments from French oil major Total were decidedly bullish on the prospects of doing business in Libya, as the company committed itself to further drilling. The news follows positive signals in recent weeks from Russia’s Tatneft, which is sending personnel back to Libya, presumably with the intention of eventually resuming operations […]

World oil supply up but spare capacity tight-EIA

World oil inventories have risen over the past two months, aided by increased output from Iraq and Libya, but spare production capacity remains tight, the U.S. government said on Tue sday. Global fuels output exceeded consumption by an average of 1 million barrels per day in May and June, helping to push oil inventories higher […]