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Released:  13/04/20122012-04-13
Word count:  164

Rajab Khalil, an official at the Ministry of Economics, has confirmed that the Libyan government and the Benghazi local authorities are willing to reactivate the free-trade zone in the second capital of Libya.

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Mina Monir
According to Khalil, the project will be established on 1200 hectares and will provide about 40 thousand job opportunities, as well as supporting the Benghazi trade areas. Mr. Khalil underlined the promising outcome of the project and the challenge of actualizing it. That is, finding funds for such grand project. To overcome this challenge, the Ministry of Economy and the Libyan Chamber of Commerce will discuss launching several exhibitions and meetings with international delegations to fund the project that will be called Meresa Free Trade Zone. Benghazi, the epicenter of the February 17 Revolution, had been subject to systematic disinvestment by the Qaddafi regime over a period of decades due to its persistent unwillingness to kowtow to his rule. It is therefore seen as no surprise that the present authorities, despite the semi-official moratorium on long-term infrastructure projects, are considering the possibility of prioritizing the Meresa Free Zone project, in the hope that it might relieve some of the underlying local tensions, as The Libya Herald explains.
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Northwestern University in Qatar hosted members of Libya's National Transitional Council and other leaders of Libyan society in a "good offices" conference, to help fundamentally re-envision a media system for Libya. Learn more at mediavisionlibya.northwestern.edu

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Mina Monir
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Released:  12/04/20122012-04-12
Word count:  270

The National Transitional Council of Libya (NTC) has declared it is adopting the proposed e-Libya initiative to enhance e-learning, commerce and the flow of information.

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Mina Monir
The NTC had already expressed interest in crafting an “e-Libya” programme – a national policy to accelerate commerce, e-learning, online government services, and the expansion of wireless and Internet connectivity, according to WND economic magazine. The United States Trade and Development Agency (USTDA ) is willing to provide an Information and Communications Technology sector in its business commission to Libya to help actualise the e-Libya initiative. According to WND, two American companies have already expressed their interest in commissioning these projects. According to USTDA, the date for the submission of proposals will be April 20. The e-Libya initiative faces some challenges such as the need to provide a reliable infrastructure. There is a need to undertake grand projects in the electricity sector to provide a stabilized electric current. Libya has commissioned Italian companies to restore the internet cable that connects it with Europe through Italy, which will provide high capacity broadband that could provide fast internet services. According to O-Africa, Libya undeniably has better fixed and mobile infrastructure than most African nations. Despite one Internet service provider and only two mobile operators (nine telecoms operators in total), Libya boasts high Internet and mobile access rates (15% Internet penetration rate and a staggering 201% mobile penetration rate) The US-Libya Business Association declared that US official delegations will arrive in Tripoli between April 21-25 and in Benghazi between April 26-28 to discuss implementing different business projects and offer the proposals they received from American companies including the ones related to e-Libya initiative. Among these companies, are some large names such as ExxonMobil, Hill International, Motoral Solutions and General Electric as well as A-T Solutions and Working Buildings.
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Northwestern University in Qatar hosted members of Libya's National Transitional Council and other leaders of Libyan society in a "good offices" conference, to help fundamentally re-envision a media system for Libya. Learn more at mediavisionlibya.northwestern.edu

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Mina Monir
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Released:  11/04/20122012-04-11
Word count:  218

President Obama’s administration is showing great interest in rebuilding American business in Libya. The administration has proposed sending contractors to assess US investment prospects.

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Mina Monir
According to WND, Obama commissioned four separate “definitional missions” (DM) to carry out work in Libya on behalf of the US Trade & Development Agency (USTDA). According to routine research conducted by WND, USTDA has issued requests for proposals from contractors capable of identifying and evaluating the industry projects that Libya’s National Transitional Council is proposing. USTDA is targeting four Libyan industrial sectors: 1) Oil and Gas 2) Power Generation 3) Transportation 4) Information and Communications Technology. “A significant number of energy-focused U.S. firms have indicated their interest in working in Libya,” says the Scope of Work (SOW) Guide governing the Oil and Gas. The SOW Guide further states that, “Many of whom have provided capability statements to the Commercial Attaché at the U.S. Embassy in Libya and are looking for business opportunities to engage in the Libya market.” The only difference is a reference to utilizing U.S. companies to rebuild the country’s “traditional power generation infrastructure” and to develop “new renewable power generation capacity.” Equally critical to Libya’s economic growth will be the “rebuilding of its vital transportation sector,” USTDA says. The agency will therefore fund a DM to assess that industry segment. Particular emphasis will be placed on the Libyan air transport sector, “as it facilitates both its urban and petroleum industries,” as WND explains.
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Released:  11/04/20122012-04-11

Libya's oil industry has reached its pre-revolution levels again

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Mina Monir
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Released:  10/04/20122012-04-10
Word count:  312

The last few days witnessed considerable progress in Libyan-Maltese business relations. The negotiations between the two neighbouring countries resulted in Malta’s announcement that it will restore a daily flight service to and from Tripoli.

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Mina Monir
. “Over the last months, since the re-start of the services to Tripoli on November 28, we’ve registered a steady increase in passenger demand. This summer we expect to carry around 30,000 passengers to and from Tripoli”, said Peter Davies, Air Malta’s Chief Executive, in a press statement. This comes during the negotiations between the two authorities over new oil purchases. The Maltese Finance Minister Mr Tonio Fenech emphasised that discussions were still in their early stages, but the Libyan transitional government was showing strong signs of goodwill to strike a deal, according to Times of Malta. According to the National Transitional Council website, the Libyan Undersecretary at the Ministry of Oil and Gas, Umar Shakmak, suggested during a joint meeting that a Maltese technical team be appointed to discuss the matter with specialists from the National Oil Corporation. The discussions also come amid the problematic rise of oil costs. Mr Fenech insisted the government was absorbing some 30 to 40 per cent of the additional cost of the current electricity tariffs. “It would be an economic catastrophe if we charged consumers for the actual price of oil. We are waiting and hoping that the Iran situation calms down so we can hedge at a favourable price,” he said. The government was “seriously looking” at using gas alternatives but the investment to set up the necessary infrastructure was massive, Mr Fenech said. The cost of building a pipeline to Europe would only be viable if the EU offered to part-finance it. This is being discussed in the context of the post 2013 EU financial perspectives currently being negotiated. “In any case, a gas pipeline cannot be made available within at least three years, requiring also a source of gas that is secured, and that is the aim of such discussions,” said Mr Fenech, rejecting the Labour Party’s claims that Malta should immediately switch to gas.
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Wong Man
1 years ago

News Releases

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Released:  10/04/20122012-04-10

Oil and gas production in Libya are returning to pre-revolution levels. Many of its platforms were abandoned during the conflict. And getting them back on track was a priority for the interim government. Omar Al Saleh reports.

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Mina Monir
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1 years ago

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Released:  09/04/20122012-04-09
Word count:  264

In a step towards a healthier legal climate for the oil industry and a sign that the issue of corruption is being taken seriously, Libya and the USA have decided to investigate several different oil companies.

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Mina Monir
The Wall Street Journal reported that authorities in Libya and the USA are investigating oil giants such as Italy’s Eni spA and France’s Total SA over their past relations with the former Gadhafi regime. The Libyan general prosecutor's office is investigating "Libyan and foreign operators in Libya" for possible "financial irregularities," its deputy head, Abdelmajeed Saad, said in an interview. In a March letter reviewed by The Wall Street Journal, the prosecutor's office formally asked the head of audit at Libya's National Oil Co. (NOC) to supply oil-company documents. The letter mentions paperwork related to oil transactions between NOC and international traders Vitol Group and Glencore International PLC as examples of documents it is seeking. Though the Libyan probe focuses mostly on the Gadhafi era, the letter indicates that the it also encompasses the period of the country's civil war until the present. Reuters reported that Eni said in its 2011 annual report that the SEC indicated the probe was in connection to "certain illicit payments to Libyan officials" possibly violating the U.S. Foreign Corrupt Practices Act. The former Libyan regime used political influence in conducting oil business in Libya. The new Libyan regime, which faces its first elections in June, is under pressure to shed light on oil deals completed under Gadhafi, whose overthrow was driven partly by discontent over alleged corruption. This investigation does not necessarily halt foreign interest in oil business in Libya. Eni, which normally obtains about 14% of its total production from Libya, wants to double that amount and invest between $30 billion and $35 billion in the coming decade.
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Wong Man
1 years ago

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Released:  09/04/20122012-04-09

Libya under Muammar Gaddafi was an unfriendly home for the Amazigh people. Under the country's former ruler, restrictions were placed on many tribes using their language or practicing their traditions, in a bid to create a unified Libyan identity.

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Mina Monir
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Wong Man
1 years ago

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Released:  06/04/20122012-04-06
Word count:  183

Reuters reported that Libya has come third in Germany’s top oil imports.

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Mina Monir
A recovering Libyan oil sector sent 779,000 tonnes of crude to Germany in February 2012, up from 595,000 tonnes in January and 388,000 tonnes in December. This puts Libya third-highest in Germany's oil imports, economic and foreign trade statistics office BAFA data showed on Wednesday. The figure was up from 614,000 tonnes in February 2011 when fighting broke out between rebels and forces loyal to former leader Muammar Gaddafi, damaging oil installations and disrupting exports throughout 2011. Libya in Jan-Feb taken together was ranked fourth after Russia, Britain and Norway but in February Libya overtook Norway. Wintershall, a German oil company that operates in nine fields in Libya, has not been able to return to full production as the pipeline connecting it to export facilities is still damaged. "We want to stabilise our production capacity. To do this, however, the export infrastructure also needs to be in place," Rainer Seele, the chairman of Wintershall, said last month. Libya aims eventually to boost production to 2 million bpd. At present, international oil companies are refusing to commit to the necessary exploration work, citing safety concerns in areas often controlled by tribal militias.
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Wong Man
1 years ago

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Released:  06/04/20122012-04-06

The Policy Studies Organization's Middle East Dialogue 2012 Panel: "Transition in Libya and the Road Ahead" Chair: Fadel Lamen, The American-Libyan Council Hafed al-Ghwell and Esam Omiesh, The American-Libyan Council

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Mina Monir
policy, studies Policy Studies Organization, Middle East Dialogue, Middle East (Broadcast Genre), Libya (Country), Arab Spring, Fadel Lamen, The American-Libyan Council, Hafed al-Ghwell, Esam Omiesh
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1 years ago

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New projects and offers have been declared by the Libyan government to rebuild the transportation sector and communication lines.

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Mina Monir
The Libyan Ministry of Transportation is calling on international transportation companies to submit technical files and projects to provide buses and coaches that could connect Libyan cities. According to the Tripoli Post, the Libyan Ministry of Transportation has already started to receive proposals. A symposium will be held on the following dates: Saturday: April 21, 2012, at Rixos Hotel, Tripoli, from 09:00 to 13:00 pm, and on Monday, April 23 at the Tibesti Hotel, Benghazi, from 12:00 pm till 17:00 pm to give an opportunity to the different companies to show their presentations. The proposals should include among other things: the company’s background, a description of buses manufactured (dimensions, capacity, mechanical strength, any additional services for people with special needs, elderly, air-conditioning, possibility of separate male and female compartments etc.) and training services, says the Tripoli post. Meanwhile, on behalf of the Libyan International Telecom Company (LITC), Huawaei Marine Networks has chosen the French cable maker Nexas to provide around 440 Kilometres of submarine fibre optic cable for the Libya Silphium link across the Mediterranean Sea. The cable will provide an initial capacity of 70 gigabites a second and a maximum capacity of 1.2 terabits a second, according to Global Telecom Business. LITC considers this as the first step in chain of developments that will cover Libyan demands by investing in different international connectivity projects, such as the European Indian Gateway (EIG) submarine cable project, and the Libyan-Greece submarine cable project (Selphium).
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Wong Man
1 years ago

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Released:  05/04/20122012-04-05

On Tuesday, in Tripoli, the Italian emergency government and the Libyan National Transitional Council (CNT) signed an agreement to stop undocumented immigrants leaving from the North African country. Italy also agreed to train Libyan police. Press TV's Max Civili reports from Rome.

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Mina Monir
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1 years ago

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Released:  04/04/20122012-04-04
Word count:  182

During the last couple of weeks, the office of the Libyan Ministry of Economy has received several offers from different countries to undertake industrial, commercial and touristic projects.

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Mina Monir
French companies have expressed a special interest in commissioning projects that could boost Libyan infrastructure and major industrial businesses. According to AFP, more than 50 French companies are participating in the Tripoli International Fair this week in a bid to turn political goodwill into commercial profits, French officials said Tuesday. "We want to take advantage of this (favourable) climate but we will also have to work hard," Michel Casals, president of the French-Libyan Chamber of Commerce told AFP. "Libya is a big market with a strong potential," he added. The French companies are expected to implement projects in the different business sectors of Libya. The political support for such interest was translated into a visited paid by the political affairs advisor of the French president to Libya to discuss the different ways to support these projects. The Governor of the Central Bank of Libya and the French Ambassador to Libya received the advisor and promising discussions are taking place. France is one of the first countries that responded positively to the revolution in Libya and has supported the new Libyan state since March 2011.
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1 years ago

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A business fair is being held in Tripoli, where the Libyan government is seeking to attract international investment. The Prime Minister of the Transitional National Council, Abdurrahim El-Keib, oversaw the opening ceremony of this international event, the first of its kind to take place after Muammar Gaddafi was assassinated.

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Mina Monir (telesurenglish)
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Released:  03/04/20122012-04-03
Word count:  286

It seems that the wheel of production in Libya is accelerating in a very promising way. Since the Libyan stock market was reopened in March of this year and a significant amount of the frozen assets were released, international interest in the sectors of energy and industry has increased tremendously.

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Mina Monir
Yesterday, the Turkish Prime Minister, Rajab Tayeb Erdogan, received Mr. Ashour Ben Khayal, the Libyan Minister of Foreign Affairs and International Cooperation, during the Friends of Syria conference held in Istanbul. The meeting resulted in signing an agreement for Turkey to purchase 1 Million tons of Libyan crude oil. Turkish Energy & Natural Resources minister Taner Yildiz said that Turkish Petroleum Refineries Co. will handle the purchase process. Although it is easy to see the connection between politics and oil exportation, companies in Libya are moving towards gaining more autonomy in running their own affairs on a cost-benefit basis, which attenuates the political influence and improves the climate for international investment in Libya’s oil sector. Companies from different countries, such as New Zealand and Turkey, have expressed their willingness to increase their investments in different sectors of business this month. This trend is expected to prevail in the coming months, bringing with it a positive influence on the Libyan business atmosphere.

According to the Tripoli Post, government spokesman Nasser al-Manaa stated that Libya is expecting a higher oil output by the end of this year as compared with 2011. Mr. Manaa showed that Libya reached the production of 1.45 million bpd, which is the highest level since the uprising. Such a considerable increase in the sector of energy production has its consequences for industry and the attraction of international companies to share in the rebuilding of Libya. According to al-Watan al-Libiya Newspaper, the Libyan government is working with several companies in the reproduction of war remnants in order to provide a large amount of recycled materials, such as iron and copper. Such an industrial process will help in reducing the amount of harmful materials and counterproductive weapons in circulation.
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1 years ago

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Northwestern University in Qatar hosted members of Libya's National Transitional Council and other leaders of Libyan society in a "good offices" conference, to help fundamentally re-envision a media system for Libya. Learn more at mediavisionlibya.northwestern.edu

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Mina Monir (News)
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Former Prime Minister of Libya Mahmoud JibrilI on Sunday at the 7th Annual Brussels Forum said that Libya shouldn't be abandoned after the fall of the Gadaffi's regime.

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Hind Bensari
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Released:  30/03/20122012-03-30

VOA's Sonny Young, with Sonny Side of Sports, profiles three Olympic Libyan athletes.

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TV2Africa (News)
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1 years ago
Find out what contracts are on offer in Libya
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