Tag Archives | Korea

Korea gives $1.5m to UNDP Progs in Libya

His Excellency, the Ambassador of the Republic of Korea to Libya, Mr. Sungsoo CHOI, has signed an agreement with the United Nations Development Programme (UNDP) Resident Representative in Libya, Mr. Gerardo Noto, by which the Republic of Korea entrusts $1.5 million to UNDP to pursue stabilization, recovery and resilience in Libya. Korea’s donation will be […]

Companies Pre-Qualed for NOC Buildings in Benghazi

By John Lee. The National Oil Corporation (NOC) has announced the final results of the prequalification process for selecting a contractor to build the new NOC offices in Benghazi, which were designed by architects 3XKO: TGG Construction & Development LLP SEMBOL Construction Daewoo E&C Co., Ltd Hanwha E&C corporation Limak Ins. San. Ve Tic. A.S. […]

Korea contributes US$1m to Stabilization Facility for Libya

His Excellency, the Ambassador of the Republic of Korea to Libya, Mr. Sungsoo Choi, and UNDP Resident Representative a.i., Mr. Sultan Hajiyev, signed an agreement today to increase South Korea’s contribution to the Stabilization Facility–Stronger for Libya, by further US$ 1 million. So far, approximately two million people are benefitting from services restored by the […]

South Korea gives $1.5m for Stabilization in Libya

South Korea entrusts 1.5 million US$ to UNDP to pursue resilience, stabilization in Libya His excellency, the Ambassador of the Republic of Korea to Libya, Mr. Kim Young-Chae, and Deputy Special Representative of the UN Secretary General and Resident Representative of the United Nations Development Programme (UNDP) in Libya, Ms. Maria do Valle Ribeiro, signed […]

First Tanker Loads at GAZA Marine Terminal (FSO)

On Saturday 11 February 2017, the first crude oil vessel was loaded at GAZA Floating, Storage, Offloading Marine Terminal (FSO) in Bouri Offshore Field, which was launched to replace Sloug Floating Storage Offloading (FSO) and to be included within the oil operations system of Mellitah Oil and Gas Company. The floating Storage was manufactured by […]

$500m Floating Oil Terminal arrives from S Korea

A new $500-million floating oil rig has arrived in Libyan coastal waters from South Korea. The Gaza Floating, Storage, Offloading Marine Terminal (FSO) was built by STX and delivered to the Mellitah-operated offshore Bouri field, 120 km northwest of Tripoli, according to Libya Herald. It will replace the existing, Sloug FSO, which has been on […]

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 […]

Korea gives $1.2m Humanitarian Assistance to Libya

UN System in Libya and Republic of Korea Commit to strengthen the Humanitarian Assistance to Libya The Korean Government has contributed USD 1.18 million to support the humanitarian assistance to Libya. The contribution aims at augmenting the United Nations’ ongoing involvement to address the humanitarian needs resulting from the armed conflict in Libya. The Ambassador […]