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France's Nexans Wins $134m Libyan Cable Contract

French multinational cabling manufacturer Nexans has been awarded contracts worth around 110 million Euros ($134 million) by Libya’s PEWCO (Public Electrical Works Company), a wholly-owned subsidiary of GECOL (General Electricity Company of Libya), the state-owned company responsible for the production and distribution of electrical power, to supply cables for projects to upgrade the country’s power […]

Austria's OMV says Libya Output Close to Pre-Crisis Level

Austrian energy group OMV has said that production in Libya is now close to the level it had been before the uprising that toppled Muammar Ghaddafi. Total production rose to 305,000 barrels of oil equivalent per day from 299,000 in the previous quarter, also helped by higher production in New Zealand. Libya had provided a […]

Foreign Contractors Resorting to Force Majeure under Libyan Law

By Dr. Mohamed Karbal. Re-published with permission by Libya Business News. After decades of oppression and injustice, the Libyans, after many attempts, were finally successful in their eradication of the Gaddafi regime. Peaceful demonstrations initiated by the Libyan people morphed into armed conflict due to the irresponsible and brutal acts of the regime. As a […]

Lord Marland to lead MEA's Libya Trade Mission

The UK's Middle East Association is delighted to announce that Lord Marland, Chairman of the UK's Business Ambassadors Group and Parliamentary Under Secretary of State for the Department of Energy and Climate Change, will be leading the MEA’s Trade Mission to Tripoli (16th – 20th September). To sign up for a mission prospectus, containing full […]

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Libya Political and Economic Briefing, London, 24th July

The Middle East Association will be hosting a Political and Economic Business Briefing on Libya at Bury House on Tuesday 24th July. Libya is Africa’s second largest oil producer and a major gas producer with a huge potential to develop its economy. The dramatic turn of events in 2011 which led to the overthrow of […]

New Oil Pipeline from Anafura to Amal

The s National Oil Corporation (NOC) and the Arabian Gulf Company for Oil have entered an agreement with Wintershall (Libya) to build a crude oil pipeline from the Anafura field (affiliated with the Arabian Gulf Company) to the Amal field (affiliated with the Harouge Oil Operations Company). The 24-inch pipeline will be approximately 55 km […]

Suppliers to Default on Libyan Grain Deal?

Reuters reports that the rising price of wheat on world markets could jeopardise a recent Libyan grain deal. The contract, agreed on 4th July, was for the supply of 50,000 tonnes of milling wheat. "A lot of people will be surprised if that deal goes through as it looks like a loss-maker," one dealer told […]

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