More men unemployed than women in Libya: report

Libya is the only Arab country where there are more unemployed men than women, a report by the Arab League showed. Unemployment for women in Libya stands at 18 percent while for men the figure is 21 percent. Libya stands out from other Arab nations where women unemployment is higher than men. The report, based […]

Eni Raises Long-Term Oil And Gas Output Growth Target to 3%

Eni SpA (ENI), Italy’s largest oil producer, increased its long-term growth target for oil and gas production as it steps up investment. The company sees output gaining more than 3 percent a year through 2015, it said in a presentation to investors posted on its website today. New projects may allow for growth of 3 […]

Croatia Viadukt Wins $167 Million Job in Libya, Business.

Viadukt d.d., a Croatian construction company, won a 128 million-euro ($167 million) deal to build a road in Libya, Business.hr reported, citing Tomislav Strbac, an executive at the company. The job, agreed in 2008 and stopped by the unrest in the country last year, will go ahead after the Libyan government approved the budget for […]

Libya’s NOC Seeks to Sell Liquefied Petroleum Gas for This Year

Libya’s state-run National Oil Corp. is seeking to sell liquefied petroleum gas for delivery this year, a tender document obtained by Bloomberg News showed. The shipments are for loading from the ports of Zueitina and Mellitah, according to the document. Bids for the tender closed on March 7 and are valid until March 25. (Source: […]

Pure Technologies Q4 profits, revenues sink on cessation of Libyan operations

Pure Technologies Ltd. says fourth-quarter profits plummeted, largely due to a halt of operations in Libya, a country rebuilding after a bloody civil war. The Calgary-based company, which provides technology for monitoring pipelines and other infrastructure, said Thursday that its profits sank to $1.4 million, or three cents per share, from $2.5 million, or seven […]

Libya NOC Crude Shipments in 2012 Reach 70.9 Million Barrels

Libya’s state-run National Oil Corp. exported 70.9 million barrels of oil from Jan. 1 to March 13, the company said on its website today. Libya’s domestic crude consumption in the same period was 8.29 million barrels, Tripoli-based NOC said. Of the quantity shipped, Italy received 25.5 million barrels, the largest single share of the total, […]

Wintershall aims for higher sales, profits in 2012

BASF subsidiary Wintershall said it expects to raise turnover and profit in 2012 provided this year's crude oil prices are the same as in 2011 and given that it reopened oil operations in Libya that caused losses last year. The oil and gas company said that it achieved turnover of 12.1 billion euros ($15.8 billion) last […]