Author Archive | editor2

"Libya will Surprise the World", Prime Minister

Prime Minister Abdelrahim al-Kib [Abd al-Rahim al-Keeb] (pictured) has predicted a bright future for foreign investment in Libya, especially in the oil sector, whose infrastructure needs to be overhauled. In an interview with AFP, he said: “The plan is to revamp the whole thing and work on the infrastructure of the oil and gas industry… […]

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Pre-Qual Tender for Maintenance Work at Azzawiya Refinery

Azzawiya Oil Refining Company Inc. (ARC) located 45 KM west of Tripoli, Libya has invited specialized and capable national and international companies to apply for their prequalification for the above project. A summary of the works is as follows : 1. Project Description The maintenance works for the above heaters shall include, but not limited […]

Libya Opens Door to Irish Livestock Exports

The Irish Independent newspaper reports that Libya has accepted Ireland's health certification on live cattle imports, a move that re-opens the Libyan market to Irish cattle for the first time since the BSE live cattle lock-out in 1995. In 1993, close to 400,000 head were shipped live and more than 200,000 tonnes went as carcass […]

Aman Bank Removed from Blacklist

Libya's Aman Bank has been removed from the National Transition Council's blacklist, which removes the danger of it being taken over and administered by the state, reports Libya Herald. The bank argued that it had not been been an associate of the Qaddafi regime nor had it been a business entity that was “inextricably linked” […]

Pak Libya Holding Company Assigned ‘AA-, A1+’ Ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Pak Libya Holding Company (pvt) Limited at “AA-” (Double A minus) and “A1+” (A one Plus), respectively. The rating of the PPTFC Certificate of Rs 750 million is maintained at “AA” (Double A). The ratings denote a very low expectation of […]

Libya's National Oil Corporation Discovers New Oil Field

Libya's National Oil Corporation (NOC) has announced that the Arabian Gulf Oil Company (AGOCO), wholly owned by the NOC, has drilled the D1-NC8 New field wildcat well to a total depth of 7,020 feet. The well is located in Ghadames Basin approximately 400 km south of Tripoli City. The initial production testing from Tahara, Ouan […]

Algeria's Sonatrach to Resume Drilling in Libya

Reuters reports that Algerian state energy firm Sonatrach is to resume exploratory drilling in Libya by the end of June, having suspending work because of last year's uprising. Sonatrach has exploration rights in the Ghadames basin, near the border between the two countries. Libya's National Oil Company recently announced the discovery of oil at one […]

Video: Introducing US Ambassador to Libya, Chris Stevens

Born in April 1960 and raised in northern California, Chris Stevens earned his undergraduate degree at the University of California at Berkeley in 1982, a JD from the University of California’s Hastings College of Law in 1989, and an M.S. in National Security Studies from the National War College in 2010. He was also a […]