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First oil in two years leaves Libya’s Ras Lanuf port

By   /  September 21, 2016  /  BUSINESS, Hot, LIBYA, News  /  Comments Off on First oil in two years leaves Libya’s Ras Lanuf port

Oil is war-ravaged Libya's key asset, and rival administrations have been vying for control of its oil wealth and territory.

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In sign of progress, Libya oil authorities reach deal to unify sector

By   /  July 3, 2016  /  BUSINESS, Hot, LIBYA  /  Comments Off on In sign of progress, Libya oil authorities reach deal to unify sector

Two administrations decide to bury hatchet, ‘unify the National Oil Corporation,’ NOC says in statement.

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Libya’s japanese oil firm says indicators cargo cope with Egypt

By   /  December 21, 2015  /  BUSINESS, LIBYA  /  Comments Off on Libya’s japanese oil firm says indicators cargo cope with Egypt

BENGHAZI – The state oil firm of Libya’s japanese authorities has signed a deal to promote 2 million barrels of crude to Egypt, a spokesman stated, boosting its efforts to win exports whilst most buying and selling corporations favor to cope with the rival western authorities. The japanese authorities has for months been pushing to […]

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Libya’s oil output down to 300,000 bpd – official

By   /  October 5, 2015  /  BUSINESS, LIBYA  /  Comments Off on Libya’s oil output down to 300,000 bpd – official

Monday 05 October, 2015 TRIPOLI – Libya’s oil production has dropped to 300,000 barrels per day, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines, a top official said. The North African state is caught in a conflict between two rival governments […]

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Libya plans to reopen Zueitina soon

By   /  October 1, 2015  /  BUSINESS, LIBYA  /  Comments Off on Libya plans to reopen Zueitina soon

Thursday 01 October, 2015 London — Libya’s state-owned NOC expects to resume exports from the 150,000 b/d Zueitina crude terminal soon, a spokesman for the firm told Argus. The exact time frame for reopening the terminal is unclear, but NOC said it is in the process of preparing the export programme. The last cargo to […]

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Startup Libyan Wings ready to begin operations

By   /  September 12, 2015  /  BUSINESS, LIBYA  /  Comments Off on Startup Libyan Wings ready to begin operations

Saturday 12 September, 2015 New Libyan carrier Libyan Wings plans to launch operations by “the end of next week,” CEO Edgardo Badiali told ATW Sept. 11. The airline has been attempting to get off the ground for some months, but has been stymied by the political turmoil in the North African country, which has seen […]

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Eastern Libyan state oil firm AGOCO producing 225,000 bpd

By   /  September 1, 2015  /  BUSINESS, LIBYA  /  Comments Off on Eastern Libyan state oil firm AGOCO producing 225,000 bpd

Tuesday 01 September, 2015 BENGHAZI – Libya’s eastern state oil firm AGOCO, which runs the Hariga port and the country’s biggest oilfield, Sarir, produced 225,000 barrels per day (bpd) of crude in August, a company spokesman said on Tuesday. The figure is in line with previous statements by Arabian Gulf Oil Co (AGOCO). The Nafoura […]

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Libya posts deficit of $3.3 billion in first seven months-central bank

By   /  August 31, 2015  /  BUSINESS, LIBYA  /  Comments Off on Libya posts deficit of $3.3 billion in first seven months-central bank

Monday 31 August, 2015 TRIPOLI – Libya posted a budget deficit of 4.5 billion dinars ($3.3 billion) in the first seven months of 2015 as oil production fell and weak oil prices weighed, the Tripoli-based central bank said on Sunday. Libya is producing less than 400,000 barrels of oil a day, a quarter of what […]

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Egypt’s El-Abd halts works on Libyan housing projects amid ongoing tensions

By   /  August 29, 2015  /  BUSINESS, LIBYA  /  Comments Off on Egypt’s El-Abd halts works on Libyan housing projects amid ongoing tensions

Saturday 29 August, 2015 The Egyptian Contracting Company – El-Abd has suspended its works on housing projects in Libya 801 million Egyptian pounds (US$102 million), official from the company told Amwal Al Ghad Saturday. Said Fattouh – Vice-Chairman of the Board of Directors and Managing Director of Technical Affairs at El-Abd – added that the […]

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Tunisian-Libyan business council recommends holding of conference on investment

By   /  August 27, 2015  /  BUSINESS, LIBYA  /  Comments Off on Tunisian-Libyan business council recommends holding of conference on investment

Thursday 27 August, 2015 TUNIS – The Tunisian-Libyan business council called on the Tunisian government to shortly hold in a southern Tunisian city a conference on investment that will bring together Tunisian and Libyan businessmen. The recommendation was presented Thursday by the council headed by its President Abdelhafidh Essakroufi from Tunisia and its Vice-President Foued […]

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