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BP, Shell Plan to Resume Exploration, Boost Production in Libya

BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to resume drilling at wells begun in the North African state before the outbreak of hostilities at […]

Repsol says pumping 200,000 oil barrels a day in Libya

Spain's oil company Repsol said on Tuesday its resumed production in Libya has reached around 200,000 barrels a day after war in the North African nation had slashed its output. "It is around 200,000 barrels a day, from a total of 340,000, which means around 60 percent of total production and it is going up," […]

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UAE embassy in Tripoli re-opened

TRIPOLI - UAE Ambassador to Libya Sultan Rashid Al Kaytoub today opened the UAE embassy in Tripoli, in presence of Abdul Karim Bazma, Secretary of the Libyan National Transitional Council & National Security Advisor. Also presents were the heads of diplomatic missions accredited by Tripoli and Salem Ibrahim Al Naqbi, 1st Secretary at the UAE […]

Libyan NTC Names Cabinet, Appoints Benyiza as Oil Minister

Libya’s National Transitional Council named a new interim cabinet of 24 ministers, including the appointment of Abdulrahman Benyiza as oil minister, said Acting Prime Minister Abdurrahim el-Keib. Aashur bin Khayal was named foreign minister and Osama Jwaili was appointed as defense minister, el-Keib said in a televised press conference outside Tripoli today. Hassan Ziklam was […]

Niger granted asylum to Saadi Gaddafi

This decision comes in defiance of Interpol’s request to extradite Saadi Gaddafi. Gaddafi’s second son, Seif al Islam, remains at large, according to the Tripoli Post. In other extradition news, Middle East Online reports that Mustafa Abdel Jalil promised that former Prime Minister Baghdadi al-Mahmudi will receive a fair trial pending his extradition from Tunisia. […]

Arab Spring’s business mode

Regime change in Tunisia, Egypt and Libya is already celebrated in the West as a crucial step towards political freedom. Elections aim to lay the foundation for the democratisation of the region. The logical assumption is that the ongoing political reform process will fundamentally change the face of the Arab World. These developments, however, are […]