By John Lee. Xinhua reports that the Libyan government has won a legal case against two Brazilian construction companies that claimed $96 million in damages due to the suspension of their projects in Libya. The Libyan Audit Bureau said the International Court of Arbitration, part of the International Chamber of Commerce (ICC) in Paris, rejected […]
Tag Archives | Brazil
Tags: Audit Bureau, Brazil, featured, International Chamber of Commerce (ICC), International Court of Arbitration, Odebrecht
Video: Libya's 17-yr-old Olympic Swimming Hopeful
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. She grew up in Malta, and now trains in a rural England -- but 17-year-old Daniah Hagul will be the only woman swimmer representing Libya and the Olympics in Rio:
NOC Holds Discussions with Petrobras
The Chairman of the National Oil Corporation (NOC), Dr Nuri Berruien [Nuri Balrwin], has met a delegation from the Brazilian company Petrobras, headed by Mr. Samuel Miranda, Regional Director for North Africa and Middle East. The two parties discussed the company's activities in the exploration field in Libya and the company’s future plans. (Source: NOC)
Cabinet OKs Airport Maintenance Contracts
Libya Herald reports that the cabinet has approved the Civil Aviation Authority's proposals for major maintenance work at Tripoli International Airport and Sebha Airport. The work will be carried out by Tripoli's Africa Engineering Company and by Brazilian contractor Odebrecht. Odebrecht originally won the project at the capital’s airport in 2007 as part of a […]
Tags: Africa Engineering Company, Bento Pedroso Construcoes (BPC), Brazil, Civil Aviation Authority, Consolidated Contractors Company (CCC), Lebanon, Odebrecht, Portugal, Sebha Airport, TAV, Tripoli International Airport, Turkey
Power Shortages Force Steelmaker to Cut Output
Power shortages have forced the Libyan Iron and Steel Company (LISCO) to slash output and shut down one of its two steel melting shops. Officials told Reuters that the company, one of North Africa’s largest steelmakers, was currently producing at an annualized rate of about 625,000 tons, or less than 40 percent of capacity and […]
Deputy PM seeks Brazilian help in Reconstruction
Libyan Deputy Prime Minister, Abdulsalam Al-Mahdi Al-Qadi, has called on Brazilian companies to return to Libya and complete projects interrupted by the revolution. During meetings in Sao Paulo with the Arab Brazilian Chamber of Commerce and the Federation of Industries of the State of Sao Paulo, he said that to rebuild and expand the economy, […]
Tags: Andrade Gutierrez, Arab Brazilian Chamber of Commerce, Brazil, JBS, OAS, Odebrecht, Petrobras, Queiroz Galvão, Weg
Oil Minister meets Petrobras Directors
Libya’s new Oil and Gas Minister, Dr. Abdulbari Alarusi [Al Arusi], has met with the Director-General of Brazil's Petrobras, Mr. Iran Dacosta, and the company's Deputy Director-General Ms. Amal Dridi. The two sides reportedly discussed the company's exploration activities and possible future cooperation. The company is currently carrying out exploration work in marine blocks that […]
EU changes set to benefit Pakistan
Russia, Brazil and Libya are among dozens of countries that are set to lose preferential trade access to the European Union, after the bloc''s parliament on Wednesday approved a law refocusing trade aid to poorest nations. The changes were set to particularly benefit Pakistan, the Philippines and Ukraine, which can now apply for a more […]