Tag Archives | Italy

Franco-Italian group wins Contract for new NOC Buildings

By John Lee. The National Oil Corporation (NOC) and the French-Italian Artelia Group have signed a contract for the management of an ambitious development plan for Benghazi, including local offices for the NOC, further oil companies and governmental departments, as well as a hotel and conference complex. NOC chairman Mustafa Sanalla and Artelia executive director […]

Eni to Cut Libyan Oil Production

By John Lee. The CEO of the Italy’s Eni has reportedly said that the company is planning to reduce oil production in Libya. Outlining the company’s strategy for 2018-2021, Claudio Descalzi (pictured) said production would fall from 320,000 bpd to 200,000 bpd. But he added that while it was not possible to initiate new projects […]

New Italian Govt brings Uncertainty for Libya

By Justin Salhani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Italy went to the polls March 4 and overwhelmingly voted for populist parties. While a government has yet to be formed, Italian-Libyan relations could be set for some real changes. Italy has […]

Over 1,000 Refugees Evacuated by UNHCR

Since November, UNHCR, the UN Refugee Agency, has evacuated over 1,000 highly vulnerable refugees out of Libya and is looking for durable solutions for them in third countries. On Tuesday, a flight departed from Tripoli bound for, Niamey, Niger, carrying 128 refugees and on Wednesday, a second plane took 150 refugees from Tripoli to Rome, […]

Italy, UNICEF promote Positive Peace for Libyan Youth

180 Libyan youth are to take part in an initiative for promoting positive peace, through new funding totalling 545,000 USD provided by the Italian Government to UNICEF in the context of the Nicosia Initiative. “Young people in Libya represent over half of the population and are key to rebuilding the peaceful future of the country” […]

Gadaffi was ‘hours away’ from buying Man United

By John Lee. Colonel Gaddafi was reportedly ‘hours away’ from buying a major stake in the British football club Manchester United. Turkish-Cypriot financier Mehmet Dalman told the Sunday Times that he flew to Libya to discuss a deal to buy out John Magnier and JP McManus’s 29.9-percent shareholding in 2004. After discussions broke down over price, Gaddafi […]

New Gas Well at Bahr Essalam to start May 2018

By John Lee. Mustafa Sanalla, the Chairman of the National Oil Corporation (NOC) has held a meeting with Antonio Banza, General Manager of Eni North Africa Libya Branch, to discuss the development of the natural gas at field at Bahr Es-Salam (Second Phase), the offshore blocks E and A, and Al Wafa Field. The ongoing […]

Contraband Drugs, Oil and Cigarettes Seized

By John Lee. BBC News reports that police at the Italian port of Gioia Tauro (pictured) have seized a huge shipment of the drug Tramadol — which can suppress fatigue — thought to be destined for so-called Islamic State (IS) in Libya. The haul had an estimated value of 50 million euros. Italian police have also […]