Greece eyes Libyan oil after Iran embargo

Greece said Thursday that Libya could plug the gap in the country's oil supply created by an EU-imposed embargo on Iranian oil, which accounted for about a third of Athens' imports. "Given that oil production in Libya is climbing back to pre-war levels, Libya is an alternative supply source," foreign ministry spokesman Grigoris Delavekouras told […]

Libya oil exports to hit 1.2 mln bpd in Feb -NOC

Libya plans to export close to 1.2 million barrels of oil per day (bpd) in February, up from around 970,000 bpd in January, a senior National Oil Corporation (NOC) source said on Thursday. Libya is currently pumping 1.265 million bpd, the source added, as output continues to head towards pre-war levels of around 1.6 million […]

Libyan minister would like to see Turkish teachers, schools in his country

Libya's minister of higher education said on Thursday he would welcome the establishment of Turkish schools in his country. Naim Ghariani, Libya's minister of higher education, said his country would like to see the opening of Turkish schools and would welcome Turkish teachers and students. Encouraged by Turkish Islamic scholar Fethullah Gülen, Turkish entrepreneurs have […]

Libya Invites Bids to Upgrade General Chemical Industries Plants

Libya invited companies to bid for contracts to upgrade plants operated by the General Co. for Chemical Industries, a state-owned producer of salt and chlorine-related plastics. Potential bidders have until Feb. 29 to submit offers to upgrade and expand capacity at production lines of plastics such as polyvinyl chloride operated by the company in Abu […]

Libya's Oil - First Risk & Security Assessment of Infrastructure Released

Tripoli – International Risk Mitigation Company AKE has produced the first independent security and risk assessment of Libya’s major oil producing and refining facilities. Designed to provide accurate and actionable information to those companies looking to enter or re-enter the oil-rich North African state, the project aim was to assess the threat level in the […]

Shinhan Engineering backs Korean doctors in Libya

Shinhan Engineering and Construction, a leading Korean builder, is financially backing a team of Korean doctors and other medical staff engaged in volunteer work in Libya, which is struggling to recover from a ravaging civil war. Shinhan’s team of medical workers arrived in the country on Feb. 19 and has begun examining and treating local […]

Black Sea gas find, Libya oil boost OMV

The first successful Black Sea well has made what could be OMV's biggest gas find ever, the Austrian group said, capping a red-letter day as its Libyan output approached pre-war levels and its results smashed expectations. The offshore well jointly owned by Exxon Mobil and OMV's Romanian unit Petrom has discovered what could be up […]

Libya bank rolls out Islamic products

The Libyan Foreign Bank will offer Shariah-compliant products as the government prepares regulation to make Islamic banking the norm in the North African nation following the ousting of Moammar Gadhafi. “Islamic products are being introduced and will predominate, but we will not relinquish the use of traditional banking,” general manager Mohammad Ben Yusef said in […]