Delegation visits Libya for business

A Maltese business delegation of 20 companies involved in the maritime sector was in Libya last week, visiting the major ports of Tripoli and Misurata, Homs and Zliten. Organised by Malta Enter-prise, the visit was described as successful, with the delegation viewing the operating environment and meeting port authorities. Networking sessions and one-to-one meetings were […]

Canada's food exporters scramble to adjust to Mideast turmoil

Just a couple of years ago, Libya was poised to be a promising market for Voortman’s line of baked goods and treats. The Burlington, Ont.-based company was looking to branch out into new, emerging markets and with Libya’s growing population, and reliance on imports, the conditions appeared ripe. Voortman Cookies Ltd. signed a deal with […]

OMV says Libya output hits 25,000 bbl/d in Q1

Austrian energy group OMV's output from Libya rose to around 25,000 barrels per day in the first quarter, it said in a trading statement on Tuesday. "Overall production increased compared to the previous quarter mainly due to the recovery of production in Libya (average production in Q1/12 of approximately 25,000 bbl/d). This increase was, however, partly […]

Libyan energy sector seeks normalization

An international exhibition for the regeneration of Libya’s oil, gas and petrochemicals sector, Oil & Gas Libya 2012, was launched yesterday at Tripoli’s International Fairground. A number of energy companies hailing from several countries across the world attended the four day event, which aimed to mark the normalization process in Libya. “The Organizers are in […]

Libya oil minister says output near pre-war levels

Libya's oil minister says production is nearly back to its pre-war levels. It's now at 1.5 million barrels a day. Abdulrahman Ben Yezza says Libya could start pumping about 1.6 million barrels a day by midyear. That's what Libya produced before the eight-month conflict to oust dictator Moammar Gadhafi. That brought production to a halt. […]

Protesters shut Libya's Agoco office for day

Protesters calling for more transparency over how Libya's new rulers are spending assets and more support for the youth closed off the headquarters of the Arabian Gulf Oil Co (Agoco) on Monday as their demonstration prevented employees from entering. Highlighting the continued risks months after the ouster of Muammar Gaddafi, the group of 50 protesters, […]

Libyan leader: no government reshuffle ahead of elections

The head of Libya's ruling National Transitional Council said on Sunday he did not envisage a government reshuffle before national elections slated for June, despite reports of possible changes earlier this month. Mustafa Abdel Jalil told reporters there was "motivation" for changes in the government, but said a reshuffle was impractical because it would affect […]