By John Lee. The Tripoli-based Libyan Audit Bureau has reportedly banned 10 Libyan and 13 foreign companies from dealing with Libya, and has frozen the accounts of companies to the value of Euro 37 million and $12 million. The move relates to money smuggling, facilitated by opening Letters of Credit (LCs) in favour of foreign […]
Tag Archives | Sharjah
Tags: Al-Dahra General Trading, Al-Fajr Company International Trading, Almasar Aljadeed General Trading, Atlantic and Pacific for International Trading, Audit Bureau, China, Delta Company, Dubai, Equitrade Ltd, featured, FLNCO General Trading, Fraud, GSB Alliances SA, Hong Kong, letters of credit (LC), Malta, Monami Overseas Ltd, Ohio Building Materials, Rakan Limited, Rona Chena Heavy Industrial Equibment Co Ltd, Sharjah, smuggling, Switzerland, Tunisia, United Arab Emirates (UAE), Victoria Sea General Trading
NOC Works to Block Eastern Oil Shipment
The Tripoli-based National Oil Corporation (NOC) is continuing efforts to stop the Tobruk/Baida administration from loading crude oil for export. In a statement, the company said: “Agoco, our subsidiary in the east, was instructed yesterday by a Beyda official to load a ship at Marsa el-Hariga. “[NOC chairman Mustafa Sanalla] notified Prime Minister Serraj and the Presidency Council, who understood immediately the seriousness of […]
Tags: Arabian Gulf Oil Company (AGOCO), DSA Consultancy FZC, Es Sider, featured, India, Marsa al Hariga, National Oil Corporation (NOC), oil exports, oil production, oil smuggling, Ras Lanuf, Sharjah, United Arab Emirates (UAE)
Crescent Petroleum Considering Libya
Majid Jafar (pictured), the chief executive of UAE-based Crescent Petroleum, has said the company is considering entering Libya. Speaking to Reuters on the sidelines of the World Economic Forum (WEF) in Dubai, he said: "We are looking at entering Libya with the right opportunity. Other countries like Lebanon, despite plans being delayed, have been setting […]