British engineering firm AMEC is ready to move workers back into Libya as its new rulers attempt to restore oil production and rebuild the conflict-torn country’s infrastructure, AMEC’s chief executive said. Foreign firms evacuated expatriate employees from the north African country as it descended into civil war in late February. The end of fighting last […]
Archive | Oil & Gas
Rush for Libya goldmine as £200bn comes up for grabs
Libya could be one of the world's biggest growth areas for UK firms, as the Government here calculated £200 billion of contracts are expected to go up for grabs there over the next 10 years. Companies in sectors ranging from oil and gas to medical equipment are now aiming to win a share of that. […]
Heritage Oil strikes $20m Libya deal
Heritage Oil, the FTSE 250 oil and gas explorer, has made a push into Libya in the hope of winning oil and gas licences when they are distributed by the new regime. The group on Tuesday announced that it had bought a 51 per cent stake in a small Libyan oilfield service provider called Sahara […]
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