Tag Archives | Italy

$1.5B of Gaddafi’s assets seized by Italian government

Italy on Wednesday seized more than $1.5 billion of assets controlled by the Libyan dictator Muammar Gaddafi’s family including stakes in top companies, land and a Harley Davidson. The seizure by tax police officers followed a request by the International Criminal Court in The Hague, which is seeking the extradition from Libya of Gaddafi’s son […]

Full return of Libyan oil to ease global pressure

Libya's oil exports are set to return to full pre-war levels by April this year, beating even the most optimistic estimates and potentially easing a global shortfall of oil caused by outages and conflicts. Libya plans to export almost 1.4 million barrels of oil per day (bpd) in April, a senior National Oil Corp (NOC) […]

Italy and Libya move to re-establish old friendship

The events of the Arab Spring disrupted Italy's centuries-old relationship with Libya, its neighbour across the Mediterranean, but - now the dust has settled - both sides are keen to restore a spirit of co-operation. The links between Italy and its former North African territory go back not only to the brief 36 years of […]

Italian PM, Delegation Start Visit to Libya

Italian prime minister Mario Monti arrived in the Libyan capital, Tripoli Saturday to revive a treaty of friendship and to offer his nation's expertise in training police in the country that after an eight-month revolution emerged from the dictatorial rule of Muammar Gaddafi. On his first visit to Libya since the ousting of Gaddafi, Monti […]

Italy Last Among Libya’s ‘Friends’ for New Oil Concessions

Libya’s new leaders will remember who provided the most help in overthrowing Muammar Qaddafi when it comes to new oil concessions. Italy, the biggest investor in the country, may find itself at a disadvantage. Libya has the world’s ninth-largest proved reserves of oil, estimated at more than 46 billion barrels, according to the Central Intelligence […]

Libya has 'reservations' on Italy treaty: report

Libya said on Tuesday it has reservations about "certain points" in a 2008 treaty of friendship with former colonial power Italy, signed by the late dictator Moamer Kadhafi and former premier Silvio Berlusconi. Libya "has reservations on a certain number of points included in the accord which need to be looked at again by the […]

Malta makes proposal to Libya and Italy on continental shelf issue

Malta has made a proposal to Libya and Italy as a possible solution to the continental shelf issue, which has been pending for years, Foreign Minister Tonio Borg said this morning. An agreement is needed so that oil exploration can take place. Speaking in Parliament during the budget debate on the financial estimates of the […]