Tag Archives | United Kingdom

FMCP wins Libyan Fraud Case

By John Lee. London-based asset manager FM Capital Partners (FMCP), has reportedly won a court case against its former CEO over allegations of fraud and corruption relating to a Libyan sovereign wealth fund. Earlier this year, London’s Commercial Court heard evidence alleging that Frederic Marino and former Julius Baer banker Yoshiki Ohmura conspired to improperly […]

Libya and Oil: Common Sense Prevails

By Sir Vincent Fean, The Ambassador Partnership LLP. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Sir Vincent Fean’s 39 years of diplomatic experience include serving as Consul-General in Jerusalem, Ambassador to Libya (2006-10), and High Commissioner to Malta.  An Arabist, he has engaged […]

France, Italy, UK, US Welcome Resumption of Oil Production

The leaders of France, Italy, the United Kingdom and the United States issued a statement on the resumed work of Libya’s National Oil Corporation on behalf of all Libyans: “The Governments of France, Italy, the United Kingdom, and the United States, recalling their statement of 27 June 2018, welcome the announcement that Libya’s National Oil […]

France, Italy, UK, US Back Tripoli NOC

The leaders of France, Italy, Germany, the United Kingdom and the United States issued a statement on the control of the Ras Lanuf and Sidra oilfields: “The governments of France, Italy, the United Kingdom, and the United States are deeply concerned about the announcement that the Ras Lanuf and Sidra oil fields and facilities will […]

UK Appoints Trade Envoy to Libya

By John Lee. The UK Prime Minister has approved the appointment of Sir Henry Bellingham as Trade Envoy to Libya. In a statement, the Libyan British Business Council (LBBC) warmly welcomed the appointment, describing Sir Henry as a highly experienced Parliamentarian with deep knowledge of Africa and the Middle East. (Sources: Hansard, LBBC)

UKEF Financed 2 Libyan Projects last year

By John Lee. UK Export Finance (UKEF) has published its annual report and accounts for 2017 to 2018, in which it lists two export projects supported in Libya: Leisurewear International Limited received export working capital of £454,722 to supply children’s clothing to the Al Jedoor Company; Fortress Diagnostics Ltd received export working capital of £303,942 to […]

NOC Meets Leading UK Companies

A high-level forum with leading British companies was held last week in Aberdeen, Scotland, in association with the Libyan-British Business Council (LBBC) and Oil and Gas UK. This conference was a continuation of the National Oil Corporation (NOC)’s ongoing efforts to encourage international investors and companies to return to Libya, to assist in the enhancement […]