Facts, News, Trends, Analysis
According to the Italian Foreign Minister, Libya along with the UAE has expressed interest in Telecom Italia. The foreign minister told Reuters, “For now, we’ve had explorations, contacts which have not translated into a concrete interest. There is an interest in the infrastructure, tourism and transport sectors. Libya is interested.” During the recent financial crisis, [...]
Libya currently has an international monitoring team in Mindanao in the Philippines and has agreed to extend its stay for another three months. Sadek As Osman, the person in charge of the team said that the decision reflects “Libya’s renewed support of the peace process” between the Philippine government and the Moro Islamic Liberation Front [...]
According to Mr. Hugues Mingarelli, the officer in charge of the European Commission’s external relations, negotiations between the European Union and Libya in regards to an economic partnership agreement have “got off to a good start,” and suggests that Libyan authorities should continue in this direction in order to maintain “this pace of progress in [...]
Zwara Oil Refining Company (owned by the Libyan Government) has appointed HSBC Bank as the financial advisor for a new oil refinery in north-western Libya. This will be the first major government-sponsored project that will be commercially financed. It will refine about 200,000 barrels per day of crude oil and will use existing infrastructure, especially [...]
As reported on in an earlier post, dying convicted Lockerbie bomber Abdelbaset Ali Mohmet Al-Megrahi was rejected on his appeal to be released on bail due to advanced prostate cancer. Megrahi’s wife and family participated in the Silent Walk For Justice, which took place in Edinburgh, Scotland to raise awareness of “victims of miscarriages of [...]
Religious leaders from all around Africa began a 4-day conference in Libya’s capital, Tripoli. The conference is being held in order to discuss the role of religion in creating a more peaceful Africa. Simultaneously, the African Council of Religious Leaders is holding its second general assembly. Expected to open the event were past African state [...]
Shokri Ghanem, the chairman of Libya’s National Oil Corporation recently stated that OPEC has many options still open to it, including a cut in global production. However, before any new cuts to production occur, Ghanem stated that OPEC needed to carefully asses members’ compliance with previous cuts. According to OPEC, the market is flooded with [...]
Zwara Oil Refining Company, or ZORCO, has made HSBC the financial adviser to a crude oil refinery expected to be built in Zwara, located in northwest Libya. ZORCO is owned by Tamoil Africa Holding, which is in turn owned by the Libya Africa Investment Portfolio. This ultimately means the Libyan government has ownership. Important to [...]
Libya, backed by the Arab League, has called for a UN Security council meeting to discuss the dire situation in the Gaza Strip in regards to Israel’s recent actions. In a statement today, the Arab League called for the UN to take action and allow humanitarian supplies to enter the Gaza Strip. This comes after [...]
Libya and Oman signed an ‘act of partnership’ to form the Libyan-Omani Company of Investment. This company has a capital of 500 million dollars, according to Al Arab Online. The company will hold its office in Tripoli and will focus on working in “economic sectors like tourism, industry, services and energy.” For the future, there [...]
