LibyaBusiness.tv News - February 2013

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LibyaBusiness.tv News - February 2013
Released:  04/02/20132013-02-04
Length:  5.00

Welcome to the latest edition of Libya Business TV News, in this edition:

Alstom to Supply EUR250 Million Gas Turbines Equipment in Libya
French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply equipments for 11 gas turbines to Libya's power utility General Electricity Company of Libya, or GECOL The 11 turbines were originally provided by Alstom to five different power plant locations. - The delivery of parts for major inspections on six turbines is scheduled for 2013, whereas the remaining parts for the five turbines will be delivered in 2014. - These contracts support GECOL's objectives to have all the company's gas power plants operational and re-connected to the Libyan electrical grid, in order to provide enough power to cover the peak summer and winter demands for 2013.



Libya looks to strengthen relations with US: Zidan
Libyan Prime Minister Ali Zidan has said country wants to strengthen ties with the United States, the Libya Herald said on Tuesday, quoting a government website, after Zidan’s meeting with US Undersecretary of Defense for Intelligence Michael G. Vickers It said Vikers, who was accompanied by new US Chargé d’Affaires William Roebuck in Libya, held talks with Zidan on Monday on a brief visit to Libya. Roebuck took up his post last Friday. Foreign Affairs Minister-designate and Minister of International Cooperation Mohamed Abdulaziz said Libya was looking for American help in tracking down money looted by the Qaddafi regime. It was also keen on acquiring American border protection technology.

Row at Libyan Businessmen’s Council forum
The Libyan Businessmen Council’s forum in Tripoli on Tuesday entitled the Economic Forum between the Business Sector and the GNC and Government – The Role of the Financial Sector in Raising the Libyan Economic Sector provided not exactly the type of dialogue between officials and businessmen that the organisers had planned, as the Libya Herald reported. The meeting, of over 200 people, proved to be a very heated affair as the business community queued up to express their frustrations at the slow pace of economic reform.

Benghazi aspires to become Libya’s business capital
Unlike the capital Tripoli, Benghazi, Libya’s second-biggest city, has few modern high-rise developments. Construction of the $300 million Three Towers project, which will include two smaller blocks housing luxury apartments and a hotel, was delayed due to the uprising against former dictator Moammar Gadhafi, which began here nearly two years ago. The project is now due for completion in 2015 and is being promoted in Benghazi’s bid to regain its former status as the country’s business capital. Many Benghazians, however, are calling for the country’s new constitution – due to be drafted in coming months – to give the city powers to manage its own affairs and a share of the eastern region’s resources.

Events
The Hull & Humber Chamber of Commerce Business Mission
The Hull & Humber Chamber of Commerce are running a UKTI Supported trade mission to Libya from 17th to 21st March 2013 for UK registered companies. Immediate priority sectors for Libya, are: Education and Skills, Healthcare, Oil and gas and the supply chain Infrastructure Security Finance Legal The mission is open to any UK registered company who meets the required criteria for participation. Companies from the Yorkshire & Humber region that meet the criteria are eligible to a UKTI grant of £325 per company. Companies from other UK Regions may also qualify for a grant. To register your interest and to receive further details, draft programme and estimated costs contact Alison Burnett at a.burnett@hull-humber-chamber.co.uk . Tel: 01482 324976.44

North Africa Gas Summit
CWC is pleased to announce the launch of the North Africa Gas Summit which will uncover the opportunities for unleashing the full potential of the North African gas industry. The Summit will have a key focus on the region’s major suppliers—Algeria, Egypt, and Libya—while evaluating the prospects and drivers for gas project development alongside in-depth discussions on the domestic and regional markets. Secure your involvement early and ensure you are at the must-attend event for gas decision makers and investors in North Africa. 24 - 26 June 2013 Rome- Italy For speaker opportunities please contact Hannah Lawrence on: Tel: +44 207 978 0341 Email: hlawrence@thecwcgroup.com Special Offer For Libya Business TV members!

LibyaBusinessGuide.tv
As a valued user of our Libya Business TV website, we are very pleased to give you something back – access to the unique and comprehensive website “Libya Business Guide.TV” for the reduced price of just £199 for 12months, instead of the normal price £658!

Comments:

We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe. we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.

DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A) 2. Total Face Value: 10M MIN to 50B MAX USD or Euro 3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 . 4. Age: One Year, One Day 5. Leasing Price: 4+ 1% 6. Sale Price: 32+2% 7. Delivery by SWIFT . 8. Payment: MT103-23 9. Hard Copy: Bonded Courier within 7 banking days.

If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service. Name : Speeckaert Bernard. E-mail : speeckjulesbern@gmail.com Skype id : speeckbern47

speeckwell
3 months ago

Hello Did you have a profitable project that requires capital investment or a loan for his contribution? Now no more worries, you had the solution you need to achieve your project whatever the field of activity in which it is located. We are here to accompany you in your projects, our goal is to make available funding for your projects or the development of your business. Our investment is between 500,000 $USD up to $USD25.000.000 and more. A single address, contact us at the following address: investorsproject.world@gmail.com

investorsproject.world@gmail.com
3 months ago

Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable conditionfrom a genuine provider. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc. With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve collateral in your bank to fund your project. We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved. All relevant business information will be provided upon request.

BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ inquiry.firstchoice@gmail.com Skype ID:contact.firstchoice

serious enquiry only.

Genuine Provider for BG/SBLC(Bank Guarantee/Standby Letter of Credit)

Bernard
4 months ago

Dear Sir/Ma,

We are direct provider for BG/SBLC specifically for lease, at leasing price of (3.0 + 0.5 + X)% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding : For further details contact us with the below information.

Contact : Mr. Richard Rana Das Email: leasemandate.richdas@gmail.com Skype ID: leasemandate.richdas

Intermediaries / Consultants / Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together

Regard, Richard Rana Das

Anonymous
5 months ago

As a Finance and Investment Company who is a Premier Provider of Trade Finance, Project Finance & Funding; We also offer discountable Bank Instruments at rates being as low as Two Percent (2%) of the required BG | SBLC | DLC | LC | PB | MTN | Bank Drafts Face Value.

We offer basically a wide range of Financial Instruments including; - Standby Letters of Credit - Bank Guarantees - Deferred / Documentary Letters of Credit - Red Clause Letters of Credit - Usance Letters of Credit - Performance Guarantees - Demand Guarantees - POF messages - Pre Advice Message - Comfort Letters - Ready Willing and Able (RWA) messages; and we are able to complete a transaction within 48 to 72 hours depending on the requirement of the Lessee / Buyer Side.

Should you have an interest in the Lease and Sale of these, kindly inform and we will be glad to share with you our PROCEDURAL TERMS in regards to setting things in motion for an IMPENDING TRANSACTION. Upon the acceptance of your party to work with the Lessor's Terms, we would have Legal Contract in place for the transaction to be set up between the Applicant and the Beneficiary and the delivery of the Bank Instrument will be in accordance with the Verbiage (Text) chosen by the Beneficiary's Bank.

Kindly contact to register your interest and receive further information via Email and/or Skype

Rudolf Gerben Zijlma Contact Email: rgz.leasebrokerage@gmail.com Skype ID: rgz.leasebrokerage

Anonymous
5 months ago

Dear Sir/Ma, We are direct provider for BG/SBLC specifically for lease, at leasing price of (5.0 + 2)% of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100%

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago

Dear Sir/Ma, We are direct provider for BG/SBLC specifically for lease, at leasing price of (5.0 + 2)% of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100%

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago

Dear Sir/Ma, We are direct provider for BG/SBLC specifically for lease, at leasing price of (5.0 + 2)% of face value, Issuance by HSBC Bank London , Barclays Bank London , Deutsche Bank, BNP Paribas, & AAA Rated Banks in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100%

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago



Dear Sir/Ma

We offer bank instruments on lease but not direct funding. These bank instruments can be in the form of Bank Guarantee (BG) or Standby Letter of Credit (SBLC) as well as PBs, LCs, DLC et al. Our bank instruments can be monetized with a Lender or Funding or can be used as a Collateral for Loans as well as for all kinds of Trade, Commodity trading and others.

Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will be glad to share with you our working procedures. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact me via Email:~ Contact: ... bgsblc.syed@gmail.com Skype ID: bgsblc.syed

syed serajul
7 months ago

Dear Partner

We have a direct genuine provider for BG/SBLC specifically for lease,at leasing price of 3% + 0.5%+X% of face value,Issuance by HSBC London/Hong Kong or any other Bank in Europe,Middle East or USA.

Mr Ronald Rajnesh Gounder Email:grounesh.advisory1@gmail.com Skype:grounesh.advisory

All inquires to Mr. Mr Ronald Rajnesh Gounder should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker? Email me for procedure and terms.

Mr Ronald Rajnesh Gounder
9 months ago

Dear Sir/ Ma,

I am a mandate to an Investment Company who is a premier provider of trade finance and project finance instruments as well as discountable bank instruments;

We are specialist in providing Genuine Bank Guarantees, Standby Letter of Credit, Pre Advice / RWA Messages, Documentary Letters of Credit, Bank Draft, Proof of Funds, Performance Bond, Medium Term Notes, and various SWIFT messaging services on lease and sale. We issue these instruments from prime banks, secondary banks, and financial institutions; and transmit SWIFT MT 760, MT 799, MT199, MT999 and other messages on behalf of our clients.

We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions. We are RWA ready to close leasing with any interested client in few banking days

Kindly contact for genuine inquiries and I can provider you with the needed information.

Contact : Mr. Marco Licani Email : Marco.lease@gmail.com Skype ID: Marco Licani1

Marco Licani
10 months ago

As a Finance and Investment Company who is a Premier Provider of Trade Finance, Project Finance & Funding; We also offer discountable Bank Instruments at rates being as low as Two Percent (2%) of the required BG | SBLC | DLC | LC | PB | MTN | Bank Drafts Face Value.

We offer basically a wide range of Financial Instruments including; - Standby Letters of Credit - Bank Guarantees - Deferred / Documentary Letters of Credit - Red Clause Letters of Credit - Usance Letters of Credit - Performance Guarantees - Demand Guarantees - POF messages - Pre Advice Message - Comfort Letters - Ready Willing and Able (RWA) messages; and we are able to complete a transaction within 48 to 72 hours depending on the requirement of the Lessee / Buyer Side.

Should you have an interest in the Lease and Sale of these, kindly inform and we will be glad to share with you our PROCEDURAL TERMS in regards to setting things in motion for an IMPENDING TRANSACTION. Upon the acceptance of your party to work with the Lessor's Terms, we would have Legal Contract in place for the transaction to be set up between the Applicant and the Beneficiary and the delivery of the Bank Instrument will be in accordance with the Verbiage (Text) chosen by the Beneficiary's Bank.

Kindly contact to register your interest and receive further information via Email and/or Skype

Marco Licani
10 months ago

Dear Partner,

Who we are and what we do...

We are UK based Financial Services company, we write to introduce our company as financial and investment brokers. Our company can assist you in seeing opportunities, securing project and investment loan funding, bank instruments (Bank Guarantee (BG), Standby Letter of Credit (SBLC)) to aid you secure funds appropriately from any global AAA+ rated banks or top investment house to fund your projects from mid- range to massive projects any where in the world.

Our area of specialisation focuses more on helping our clients with securing investment loan and leasing bank instrument (BG or SBLC) from AAA+ rated banks.

Contact us today if you have projects that require funding from 1M - 5B and we will be more than glad to advise and work with you. Mr Ronald Rajnesh Gounder Email: grounesh.advisory1@gmail.com Skype ID: grounesh.advisory

Mr Ronald Rajnesh Gounder
10 months ago

Dear Sir/Madam,

I write to introduce our financial services to you. I am a direct mandate to a Financial Institution who is also known as private lender specialized in the Lease and Sales of Bank / Financial Instruments in the form of Bank Guarantees (BG), Standby Letter of Credit (SBLC), Documentary Letter of Credit (DLC), Letter of Credit (LC), Performance Bonds (PB), Medium Term Notes (MTN) et al with funds is purely earned from private and corporate investment portfolios without criminal origin.

We offer these from a genuine and certifiable finance company as the provider hence we are able finance your signatory projects and help you enhance your business plan. Furthermore, our financial instrument can be used for the purchase of goods from any manufacturer irrespective of their location. It can also serve as collateral with any bank in the world to secure loans for your project or to activate credit line to finance your business plan.

Our financial instrument can be invested into High Yield Investment Trading Program {HYITP) or Private Placement Program (PPP). All bank instruments are for lease and/or sale from a genuine and reliable source without broker chain / joker broker story or chauffer driven offer while having your required time frame in mind.

We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.If Interested kindly contact me via Email:~

Contact : Chainarong Orachorn Email: Orachain.Advisory@gmail.com Skype ID: OrachaIN.Advisory

Anonymous
10 months ago

We are a provider of banking instruments (BG/SBLC) for lease who is ready, willing and able to deliver. Our bank instrument can be used in all forms of projects funding,collateral to seek loan from different banks of choice and can be used to engage into PPP trading.

Contact Person: Mr. Elliot Pearson Email: info.financialassuranceltd@gmail.com Skype ID: finance.solutions

JARED
1 years ago

We have a direct genuine provider for BG/ SBLC specifically for lease, at leasing price of 5+1% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A) 2. Total Face Value: Euro/USD 1M MIN and Euro/USD 5B MAX 3. Issuing Bank: HSBC London, Deutsche Bank Frankfurt or Any Top AA rated Bank 4. Age: One Year, One Day 5. Leasing Price: 5% of Face Value plus 0.5% commission fees to brokers. 6. Delivery: SWIFT TO SWIFT. 7. Payment: MT-103. 8. Hard Copy: Bonded Courier within 7 banking days. All relevant business information will be provided upon request.

If Interested kindly contact me via Email:~ sperblease@gmail.com Skype ID: sperblease

Alexander Sperber
2 yearss ago

Dear Sir/Ma,

We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG/SBLC) 2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD). 3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or 4. Age: One Year, One Day 5. Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers. 6. Delivery: Bank to Bank SWIFT. 7. Payment: MT-103. 8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

Thank you. Gomez Richard Contact: gomezfinance75@gmail.com Skype ID: gomezfinance75

Richard
2 yearss ago

Dear Sir/Ma,

We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG/SBLC) 2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD). 3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or 4. Age: One Year, One Day 5. Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers. 6. Delivery: Bank to Bank SWIFT. 7. Payment: MT-103. 8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

Thank you. Gomez Richard Contact: gomezfinance75@gmail.com Skype ID: gomezfinance75

Richard
2 yearss ago

Dear Sir/Ma,

We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG/SBLC) 2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD). 3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or 4. Age: One Year, One Day 5. Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers. 6. Delivery: Bank to Bank SWIFT. 7. Payment: MT-103. 8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

If Interested kindly contact me via Email:~ Maxie.finance@gmail.com Skype ID: maxil.finance

Maxie Saviel
2 yearss ago

Dear Sir/Ma,

Financial Instrument for Lease and Sales

I represent a financial institution that provide financial instrument basically for lease or sale. We adhere to a prompt and quick delivery of any financial instrument for your choice instruments, BANK GUARANTEE MT760,SBLC MT760,MT103 Financial upon your interest indication. We have the below instrument for lease or for sale. we can also provide instruments below the stated amounts.

1) BANK GUARANTEE (BG) issued by UBS AG Switzerland with face value of 30 billion Euros. 2) STANDBY LETTER OF CREDIT issued by INDUSTRIAL AND COMMERCIAL BANK OF CHINA with face value of SBLC 50 Billion USD. 3) STANDBY LETTER OF CREDIT issued by BNP PARIBAS FRANCE, BARCLAY'S BANK PLC, HSBC BANK PLC,DEUTCHE AG AND JP MORGAN CHASE BANK with face value of SBLC 40 Billion USD.

The above instruments are ready for outright lease out or sell off.So the leasing fee for any of the instrument is outright 5% and commission agents gets 2% While for an outright purchase of any of the above instrument is from 43% to 45% and the commission agents remains 2% Therefore, the attorney has resolved to offer you 2% as agent commission for any client that purchases or leases from your side. So therefore,you should source for urgent and potential clients that will need financial instruments of the three (3) above categories i.e MT760 BG . MT760 SBLC and MT103 2ways.. Futher information's will be divulged upon your reply.

Thank you. Mr.Kevin smith Financial Consultant Company Name :kevin smith London - United Kingdom Email: ks679938@gmail.com

Anonymous
3 yearss ago

We arrange Following Bank Instruments Letter of Credit ( LC) From Various Banks in Singapore / HongKong / Europe /USA Used For Import / Export Business and Trade Finance . 90/180DAYS Bank Guarantee ( BG ) Fresh Cut Slightly Seasoned Seasoned Stand By Letter of Credit ( SBLC ) 90DAYS / 180/ 365DAYS

Skype: Kangheeil64 Email: Kangheeil64@gmail.com

Regards Kang

Kang
3 yearss ago

We can deliver fresh cut lease banking instrument(BG/SBLC/LC/DLC/MTN) to you in accordance to our working procedures which serves as collateral at affordable prices, which will enable you get loan form your bank so as to embark on your projects(Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Bridges, Other Turnkey Project etc.) you have at hand and our BG can be used in ppp trading.

I will email you our working terms and condition upon request.

Contact : Mr Paul Wung Email: paulwung.mandate@gmail.com Skype ID: paulwung.mandate

Paul
3 yearss ago

NEED BANK INSTRUMENTS TO FUND YOUR PROJECTS ? BG/SBLC/MTN FOR LEASE

Dear Sir/Ma,

I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.

Contact me through this email:(financialservices009@gmail.com, financialservices009@yahoo.com, financialservices009@hotmail.com, bobbiesmith001@gmail.com) or through skype: (robert.herrera53) in other to furnish you with other information.

Regards Robert Herrera

Robert Herrera
3 yearss ago

We arrange Following Bank Instruments Letter of Credit ( LC) From Various Banks in Singapore / HongKong / Europe /USA Used For Import / Export Business and Trade Finance . 90/180DAYS Bank Guarantee ( BG ) Fresh Cut Slightly Seasoned Seasoned Stand By Letter of Credit ( SBLC ) 90DAYS / 180/ 365DAYS

Regards Maxie Saviel Contact: Maxie.finance@gmail.com Skype ID: maxil.finance

Maxie Saviel
3 yearss ago

We arrange Following Bank Instruments Letter of Credit ( LC) From Various Banks in Singapore / HongKong / Europe /USA Used For Import / Export Business and Trade Finance . 90/180DAYS Bank Guarantee ( BG ) Fresh Cut Slightly Seasoned Seasoned Stand By Letter of Credit ( SBLC ) 90DAYS / 180/ 365DAYS

Regards Maxie Saviel Contact: Maxie.finance@gmail.com Skype ID: maxil.finance

Maxie Saviel
3 yearss ago

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4 yearss ago

Business News

Business News
Released:  17/08/20172017-08-17
Word count:  198

Libya's Sharara oil field is "working normally" and the situation at the field is stable following security breaches last week, the National Oil Corporation (NOC) said in a statement on Wednesday.

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Reuters
The statement gave no details on output from the field, which is Libya's largest and had been producing up to 280,000 barrels per day (bpd).

The security breaches involved the theft of cars and mobile phones on the roads linking the field to surrounding oil and gas facilities.

An engineer working at Sharara said the breaches had hampered operations, causing a drop off in production of at least 130,000 bpd.

The NOC statement was issued after Chairman Mustafa Sanalla visited Sharara with other senior oil officials seeking to reassure workers about their safety and security.

"There were discussions about fixed and mobile security points and the necessity of reviewing security positions based on a risk analysis," the statement said.

It reiterated previous NOC statements that the security breaches were the result of individual actions and that the perpetrators had been punished. It said that two missing cars had been tracked.

NOC operates Sharara in partnership with oil companies Repsol, Total, OMV and Statoil .

Sharara's production is key to a revival in Libya's oil output, which surged to above 1 million bpd in late June, about four times higher than its level last summer.

(Reporting by Aidan Lewis; Editing by Greg Mahlich)
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Oil & Gas News
Released:  17/08/20172017-08-17
Word count:  297

SINGAPORE (Reuters) - Oil prices edged up early on Thursday, clawing back some ground after losses in the previous session.

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Reuters
Traders said the market was range-bound as falling crude inventories provided price support while high output was capping gains.

Brent crude futures, LCOc1 the international benchmark for oil prices, were at $50.43 per barrel at 0101 GMT, up 16 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $46.88 a barrel, up 10 cents, or 0.2 percent.

The slight gains followed a more than 1 percent fall in the previous session.

Data published late on Wednesday by the Energy Information Administration (EIA) showed that commercial U.S. crude oil stocks C-STK-T-EIA have fallen by almost 13 percent from their peaks in March to 466.5 million barrels, well below this time last year.

"If inventory declines continue at this pace, stocks will fall back below the five-year average in around two months," said William O'Loughlin, investment analyst at Australia's Rivkin Securities.

"The pace of the declines indicates that the OPEC production cuts are having an effect, although the current oil price suggests that the market is skeptical about the longer-term prospects for rebalancing of the oil market," he added.

ANZ bank said the market on Wednesday seemed "to focus on the rise in (U.S.) production", which jumped by 79,000 barrels per day (bpd) to 9.5 million bpd last week, its highest level since July 2015, and 12.75 percent above the most recent low in mid-2016. C-OUT-T-EIA

Some traders said that the soaring U.S. output is eroding efforts by the Organization of the Petroleum Exporting Countries which, together with non-OPEC producers like Russia, has pledged to restrict output by 1.8 million barrels per day (bpd) between January this year and March 2018 to tighten the market and prop up prices.

Brent prices are down by almost 12 percent since the start of the cuts in January.

Reporting by Henning Gloystein; Editing by Joseph Radford

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Oil & Gas News
Released:  16/08/20172017-08-16
Word count:  376

SINGAPORE (Reuters) - Oil prices rose on Wednesday, lifted by declining U.S. crude inventories, although markets were still restrained by general oversupply.

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Reuters
The market focus was turning to the release of official Energy Information Administration data due later on Wednesday for a further update on inventories.

Brent crude futures LCOc1 were at $51.07 per barrel at 0620 GMT, up 27 cents or 0.5 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.75 a barrel, up 20 cents, or 0.4 percent.

U.S. crude inventories fell by 9.2 million barrels in the week to Aug. 11 to 469.2 million, industry group the American Petroleum Institute said on Tuesday.

That compared with analyst expectations for a decrease of 3.1 million barrels.

"The market took this as a mildly bullish report," said William O'Loughlin of Australia's Rivkin Securities.

However, gasoline stocks climbed by 301,000 barrels, compared with analyst expectations for a 1.1 million barrel decline. More broadly, analysts said ample supplies were preventing prices from moving much higher.

"Excessive supply... is continuing to weigh on oil prices... Not a lot has changed despite the OPEC and Russia efforts recently. While these producers have tried to limit their oil output, U.S. shale oil continues to rise," said Fawad Razaqzada, analyst at futures brokerage Forex.com.

The Organisation of the Petroleum Exporting Countries together with non-OPEC producers like Russia has pledged to restrict output by 1.8 million barrels per day (bpd) between January this year and March 2018.

Offsetting much of that effort, however, U.S. oil production has soared by almost 12 percent since mid-2016 to 9.42 million bpd. C-OUT-T-EIA

"OPEC and Russia still face an uphill battle in reducing the global supply surplus in the face of growth in output elsewhere (U.S. shale oil, Libya, Nigeria) and less than compliant behaviour in their midst (Iraq, UAE)," French bank BNP Paribas said.

On the demand side, analysts see a gradual slowdown in consumption growth.

In the United States, energy consultancy Wood Mackenzie said gasoline demand was already peaking due to improving fuel efficiency and the rise of electric vehicles.

In China, state-owned China National Petroleum Corporation (CNPC) said on Wednesday that gasoline demand would likely peak around 2025 and outright oil consumption would top out around 2030.

This means that oil demand from the world's two biggest consumers may soon stall, while consumption has already peaked in Europe and Japan.

Reporting by Henning Gloystein; Editing by Joseph Radford and Richard Pullin
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Business News

Business News
Released:  16/08/20172017-08-16
Word count:  268

Libya’s biggest oil field, Sharara, is increasing production and the Zueitina port is again allowing tankers to load, paving the way for the OPEC nation’s crude output to rebound.

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Bloomberg
Production at Sharara increased to 230,000 barrels a day Tuesday from 200,000 barrels on Sunday, according to a person familiar with the matter. Workers who had been kept from some areas because of security threats were provided with additional protection, the person said, asking not to be identified because the information is confidential. Also Tuesday, the Zueitina port resumed loading operations, Merhi Abridan, head of the Zueitina Worker’s Union, said by phone.

Libya wants to boost crude production as much as possible because it’s still exempt from the Organization of Petroleum Exporting Countries’ agreement to cut supplies through March. Output climbed to a three-year high of 1.02 million barrels a day in July, the third consecutive monthly gain, according to data compiled by Bloomberg.

The supply gains from Libya have contributed to restraining crude prices in 2017, with Brent oil futures in London down about 10 percent since the start of the year.

Aframax Atlas Voyager, which was set to complete loading 370,000 barrels of crude from Zueitina after loading from Ras Lanuf port, will be allowed to finish its cargo, Abridan said by phone on Tuesday. Workers were promised their demands will be met, he said. They include getting 20 months of back pay, health insurance, annual leave, overtime and more port maintenance.

Security breaches at Sharara were an “individual action” and the field is secure, Libya’s state-run National Oil Corp. said in a statement Sunday. The field has experienced several brief shutdowns in recent months, including a two-day closure in June due to a protest by workers. Pumping was interrupted for “hours” last week after armed protesters shut some facilities.
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Oil & Gas News
Released:  15/08/20172017-08-15
Word count:  384

SINGAPORE (Reuters) - Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market.

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Reuters
Global benchmark Brent crude futures LCOc1 were up 13 cents, or 0.3 percent, at $50.86 at 0325 GMT. That was just above their 100-day moving average, briefly breached in the previous session.

U.S. West Texas Intermediate crude futures CLc1 were up 7 cents, or 0.2 percent, at $47.66 a barrel.

Oil prices tumbled more than 2.5 percent on Monday in volatile trade as the dollar strength and the demand concerns in China, the world's second-largest oil user, weighed on sentiment. A stronger dollar tends to limit the demand for oil for buyers paying in other currencies. Both Brent and WTI had reached two-month highs on Aug. 10.

"Stale speculative long positioning and a reluctance to hold unprofitable positions has been the main force behind the oil rally running out of steam over the last few sessions," said Jeffrey Halley, senior market analyst at brokerage OANDA.

Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war.

Analysts said the drop was steeper than expected, exacerbating concerns that a glut of refined fuel products could weaken Chinese demand for oil.

The dollar firmed on Tuesday after North Korea's leader signalled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets.

The dollar index .DXY, which measures the greenback against a basket of six major currencies, climbed 0.4 percent on Monday and was up 0.1 percent on Tuesday.

Oil prices had earlier on Monday been supported by reports that Libya's top oilfield had cut its output by 30 percent on security concerns.

Efforts by the Organisation of the Petroleum Exporting Countries and other oil producers to limit output have helped lift Brent past $50 a barrel, but concerns remain that these efforts could be undermined by producers in the U.S. and other countries.

U.S. shale oil production is expected to grow for its ninth consecutive month in September to 6.15 million barrels per day, the U.S. Energy Information Administration said on Monday.

"Brent oil may fall more to $50.09 per barrel," said Reuters technical commodities analyst Wang Tao, citing charts showing Brent's wave pattern and a Fibonacci ratio analysis.

Reporting by Fergus Jensen; Editing by Joseph Radford and Christian Schmollinger  
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Business News
Released:  15/08/20172017-08-15
Word count:  304

French government technical expertise organisation Expertise France is planning to set up a microfinance system in Libya backed by local partners. The purpose is to provide finance to Libyans who do not have access to traditional forms of loans.

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Libya herald
A workshop on finance for Libyan SMEs (small and medium enterprises) organised in Tunis today by EU-backed SLEIDSE (“Support to Libya for Economic Integration, Diversification and Sustainable Employment”), itself operated by Expertise France, was told that the aim is to help 2,000 new enterprises within the first three years, in particular those set up by women and young people.

The project is being advised by French microfinance organisation ADIE, founded in 1989 and which has since set up affiliates in Tunisia, Greece, Belgium, Luxembourg and Kosovo.

A spokesperson for ADIE said the loans would not exceed LD between LD 2,000 to LD 7,500 per entrepreneur in the first year, rising to a maximum of LD 25,000 by year three if the project was proving successful. No interest would be levied, although a commission of 15 percent would be charged by the operators to cover their services. They would purchase goods on behalf of the entrepreneur.

According to ADIE, LD 7.5 million would have to be raised for the Libya project: LD 5.3 million for the disbursements over the three years and LD 2.2 million to cover costs.

Three microfinance centres would be set up, the first in Tripoli, a second in the east of the country and the third in the south.

In addition, France Expertise and its Libyan partners (which have still to be found) would provide clients access to business counselling and training free of charge, but would need to find microfinance technicians to teach clients how to effectively run a business within the context of the Libyan setting.

After the first year, ADIE hopes that a million dinars in loans will have been provided to 225 people. By the end of the second year, it expect to see a sharp rise, with 1,000 entrepreneurs being helped with loans, and by the end of the third year 1,400 people with loans totalling LD 5 million.  
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Business News
Released:  14/08/20172017-08-14
Word count:  149

National Oil Corporation (NOC) chairman Mustafa Sanalla was in Tobruk yesterday to assess the future of the Higher Petroleum Institute which used to be Libya’s main institution for training oil engineers.

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Libya herald
It closed at time of revolution and, despite various moves since then to reopen it, remains closed.

The NOC, however, wants to see it operating again and in June set up a committee headed by Shaaban Agha to carry out feasibility studies regarding its reopening. These include the costs involved and whether the existing buildings are fit for purpose or a new centre needs to be built.

In his meeting yesterday in Tobruk with Agha and committee member Abdullah Al-Hadad, Sanalla confirmed NOC’s intention to reactivate the institute as soon as possible. They discussed the obstacles involved, and the whether or not the institute should continue as before or be developed in other ways.

The committee’s ideas on the use of the existing buildings at the institute’s current location were presented, but it was oted that maintenance work was needed. Alternatives also needed to be evaluated.
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Oil & Gas News

Oil & Gas News
Released:  14/08/20172017-08-14
Word count:  315

SINGAPORE (Reuters) - Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high.

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Reuters
Brent crude futures, LCOc1 the international benchmark for oil prices, were at $51.94 per barrel at 0253 GMT, down 16 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $48.74 a barrel, down 8 cents, or 0.2 percent.

Chinese refineries processed 0.4 percent more crude oil in July than a year earlier at 45.5 million tonnes, or about 10.71 million barrels per day (bpd), data from the National Bureau of Statistics showed on Monday.

This would be the lowest amount on a daily basis since September 2016, according to Reuters calculations based on official data. The International Energy Agency (IEA) said on Friday that it expects 2017 oil demand growth of 1.5 million bpd, up from a previous expectation of 1.4 million bpd.

Overall, markets remain well supplied thanks to strong output.

"Demand is outperforming expectations amongst both developed and emerging markets... However, global crude inventories remain bloated and there are considerable uncertainties heading into 2018," BMI Research said in a note, including the possibility of rising supplies.

Shale production in the largest U.S. oilfield should rise by as much as 300,000 bpd by December, according to industry forecasts.

Oil production from the Permian Basin of West Texas and New Mexico is closely watched because its low costs and rapid growth have pressured efforts by the Organization of the Petroleum Exporting Countries to drain a global crude supply glut.

U.S. energy companies added oil rigs for a second time in the last three weeks, extending a 15-month drilling recovery, but the pace of additions has slowed in recent months as firms cut spending plans in reaction to declining crude prices.

Drillers added 3 rigs looking for new oil in the week to Aug. 11 bringing the total count up to 768, the most since April 2015, General Electric Co's (GE.N) Baker Hughes energy services firm said in its closely followed report on Friday. RIG-OL-USA-BHI Reporting by Henning Gloystein; Editing by Richard Pullin
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Tripoli, 10 August 2017(Lana) The President of the Presidency Council of the Government of National Accord discussed with the Korean Ambassador return of Korean companies to complete suspended contracted projects.

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LANA - Libya news agency
Al Serraj invited Korean companies to return to Libya to resume work on projects they contracted with Libyan authorities especially in the electricity sector.

On his part, the Korean Ambassador said companies were interested in returning to work in Libya, to help alleviate the power shortage in the country.

=Lana=
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Oil & Gas News
Released:  11/08/20172017-08-11
Word count:  399

SEOUL (Reuters) - Oil prices fell nearly 1 percent on Friday to hit two-week lows, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories.

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Reuters
Investors were also keeping a close eye on the broad market impact of tensions between the United States and North Korea. Brent crude, the global benchmark, was at $51.42 a barrel at 0524 GMT, down 48 cents, or 0.92 percent from its last close. That was the lowest since July 27.

U.S. West Texas Intermediate (WTI) crude was down 44 cents, or 0.91 percent, at $48.15 per barrel, reaching the lowest since July 26.

Oil prices touched 2-1/2 month highs on Thursday, but retreated to close down around 1.5 percent, with U.S. prices slipping back below $50 per barrel amid ongoing oversupply concerns.

"Crude oil prices failed to hold recent gains, with a nervous market starting to doubt recent falls in inventories," ANZ bank said in a note.

"Supply-side issues also weighed on prices, with data showing Libyan production in July hit its highest level for the year." Meanwhile, U.S. President Donald Trump stepped up his rhetoric against North Korea again on Thursday, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.

"I think the issue that is affecting the market is the general risk sentiment of saber-rattling between Washington and Pyongyang," said Michael McCarthy, chief market strategist at CMC Markets.

Official data showed crude inventories in the United States, the world's top oil consumer, fell sharply by 6.5 million barrels in the week ending to Aug. 4, as refiners ramped up run rates to the highest in 12 years due to strong demand. But doubts remain over whether enough crude would be consumed to end a global glut after the Organization of the Petroleum Exporting Countries (OPEC) reported on Thursday another increase in the oil cartel's production, even though it raised outlook for oil demand in 2018.

OPEC said its oil output rose by 173,000 barrels-per-day (bpd) in July to 32.87 million bpd.

Faced with lingering global glut woes, OPEC and some non-OPEC members including Russia in May extended oil production cuts to reduce 1.8 million bpd.

Meanwhile, Russian oil producer Gazprom Neft is considering resuming production in mature fields after the OPEC-led production cut agreement, a representative of the company said on Thursday.

Rising output from Nigeria and Libya is further undermining the oil producers' attempt to limit oil production. Nigeria and Libya are exempted from curbing output as they seek to restore supplies hurt by internal conflicts.

Reporting by Jane Chung; Editing by Richard Pullin and Joseph Radford

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Business News

Business News
Released:  10/08/20172017-08-10
Word count:  150

The National Oil Corporation (NOC) has been looking today at what it can do through its own efforts to restore damaged and decaying oil production infrastructure and by extension what work will need to undertaken by outside companies.

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Libya herald
NOC chief Mustafa Sanalla met the boss of the state oil firm’s wholly-owned oil service company Jowfe Oil Technology, Majdi Jibril Ed-dersi.

According to NOC they looked at how the entire infrastructure had deteriorated since 2011. Jowfe presented an assessment of damage and deterioration that needed to be repaired and the maintenance that had to be carried out at every level. This also covered the acquisition and warehousing of spare parts.

Ed-dersi explained that Jowfe was currently re-establishing its Benghazi operation which included refurnishing its offices in the city so employees could return to work. He said that the Benghazi authorities had been helpful and encouraging with the renewal of licences, commercial registration and the re-activation of banking relations.

Sanalla thanked Ed-dersi and everyone at Jowfe for their efforts and promised to support the company, while at the same time urging it to speed up its return to normal operations.
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Oil & Gas News
Released:  10/08/20172017-08-10
Word count:  304

TOKYO (Reuters) - Oil futures inched down on Thursday despite official figures showing U.S. crude inventories fell more than expected, with an analyst saying the market had settled into a range.

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Reuters
Brent crude, LCOc1 the global benchmark, was down 4 cents, or 0.1 percent, at $52.66 at around 0232 GMT, after earlier trading as high as $52.80. It closed up 1.1 percent on Wednesday, snapping two days of declines.

U.S. West Texas Intermediate (WTI) crude CLc1 was down 3 cents at $49.52, after rising to $49.69 earlier. The contract gained 0.8 percent in the previous session.

"We have settled into a range. The U.S. dollar is slightly stronger, which may be creating a bit of negativity, but broadly I think the market is trading sideways at the moment," said Ric Spooner, chief market analyst at CMC Markets in Sydney.

U.S. crude stockpiles fell last week as refineries boosted output to the highest percentage of capacity in 12 years, the Energy Information Administration said on Wednesday.

U.S. oil inventories USOILC=ECI dropped by 6.5 million barrels last week, the government data showed, steeper than the expected decrease of 2.7 million barrels.

"It does create the hope that we are going to end the summer driving season with inventories below the year before, which would be a positive development," Spooner said.

Refiners processed nearly 17.6 million barrels of crude, surpassing a record set in May and the most for any week since the U.S. Department of Energy started keeping data in 1982. [EIA/S]

But a surprise increase in gasoline stocks is capping gains in oil prices and tempering attempts by the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers to boost prices that are about half of levels three years ago.

They are cutting output by about 1.8 million barrels per day (bpd) under an agreement set to run until March 2018.

The deal has supported prices but a recovery in output in Libya and Nigeria, OPEC members exempt from the cut, has also complicated the initiative.

Reporting by Aaron Sheldrick; Editing by Joseph Radford
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Business News

Business News
Released:  09/08/20172017-08-09
Word count:  30

Al Beidha, 8 August 2017(Lana) The Al Beidha-based Central Bank of Libya has announced that it was distributing LD 284 million to commercial branches all over Libya as of Thursday August 10.

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LANA - Libya news agency
The money was intended to alleviate the cash shortages at commercial banks, the Bank said, adding that the amount would be distributed evenly between the branches in different regions.

=Lana=
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Oil & Gas News
Released:  09/08/20172017-08-09
Word count:  375

TOKYO (Reuters) - Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC's ability to restrain supply as promised.

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Reuters
Benchmark Brent crude LCOc1 was down 24 cents, or 0.5 percent, at $51.90 a barrel at 0233 GMT. In the previous session, it settled down 0.4 percent.

U.S. West Texas Intermediate crude (WTI) CLc1 was down 15 cents, or 0.3 percent, at $49.02 a barrel, after falling 0.4 percent on Tuesday.

Crude stockpiles in the U.S. dropped more than expected last week as imports declined and refinery runs increased, while gasoline inventories increased unexpectedly, the American Petroleum Institute said late on Tuesday.

Crude inventories declined by 7.8 million barrels in the week to 478.4 million, compared with analyst expectations for a decrease of 2.7 million barrels. [API/S]

The U.S. Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. ET (1430 GMT) on Wednesday.

On Tuesday, it trimmed its forecast for gains in U.S. oil production for 2018, though it increased its outlook for output growth this year.

"Oil is stuck in a range of $45-$50 for WTI and a bit more for Brent," said Bob Takai, president at Sumitomo Corp Global Research in Tokyo. "U.S. shale is slowing down a bit looking at the rig count as they cannot make money when oil is under $50."

The market seems immune to bullish signs of falling stockpiles as the Organization of the Petroleum Exporting Countries (OPEC) and other major producers struggle to maintain compliance with a deal to cut output.

A recovery in Libya's oil output and higher production in Nigeria have complicated OPEC's efforts to curb supply, while U.S. shale oil drillers have ramped up production.

Libya and Nigeria are OPEC countries that are exempt from the agreement to limit production through March 2018.

Officials from a joint OPEC and non-OPEC technical committee said on Tuesday that they expect greater adherence to the pact to cut 1.8 million barrels per day in production.

Saudi state oil company Aramco will cut allocations to its customers worldwide in September by at least 520,000 barrels per day (bpd), sources familiar with the matter told Reuters on Tuesday.

"With only a few weeks left of the U.S. summer driving season, investors are starting to debate whether the current OPEC production cuts will offset the subsequent falls in demand in North America," ANZ Research said in a note.

Reporting by Aaron Sheldrick; Editing by Joseph Radford
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Oil & Gas News
Released:  08/08/20172017-08-08
Word count:  427

Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and as doubts about OPEC-led production cuts continue to drag.

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Reuters
Global benchmark Brent crude futures LCOc1 were down 11 cents, or 0.2 percent, at $52.26 a barrel at 0629 GMT, after dipping 0.1 percent in the previous session.

U.S. crude futures CLc1 were down 7 cents, or 0.1 percent, at $49.32 a barrel, having fallen 0.4 percent on Monday.

Production from Libya's 270,000 barrels-per-day (bpd) Sharara field was returning to normal after a brief disruption when armed protesters broke into a control room in the coastal city of Zawiya, the National Oil Corporation (NOC) said on Monday.

Libya was exempted from a push to cut global production and bolster oil prices led by the Organization of the Petroleum Exporting Countries (OPEC) and other big producers like Russia.

The recovery of the North African country's output has complicated OPEC's efforts to curb supply, fuelling doubts over the effectiveness of the production cuts. Libya churned out 1.03 million bpd in July, according to the latest Reuters survey.

OPEC output hit a 2017-high in July and its exports marked a record.

Still, Saudi Arabia, the world's biggest oil exporter, plans to cut supplies to most buyers in Asia by as much as 10 percent in September, sources told Reuters on Tuesday. Asian buyers have been mostly shielded from the cuts until now.

Officials from a joint OPEC and non-OPEC technical committee are meeting in Abu Dhabi on Monday and Tuesday to discuss ways to boost compliance with the deal to cut 1.8 million barrels per day in production.

"Assuming that nothing comes from OPEC/non-OPEC's technical meeting in Abu Dhabi today, oil's near term fate will most likely be determined by the official U.S. Department of Energy inventory data tomorrow evening Asia time," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

The U.S. Energy Information Administration, part of the Energy Department, will releases its weekly petroleum status report at 1430 GMT on Wednesday, giving details on stockpiles and refinery runs.

U.S. crude inventories were expected to post their sixth straight weekly decline last week, while refined product stockpiles likely fell too, a preliminary Reuters poll showed on Monday. [EIA/S]

Later on Tuesday the American Petroleum Institute, will release its own report on stockpiles and refinery throughput.

Oil output in the United States has remained high, although Baker Hughes data on Friday showed a cut of one drilling rig in the week to Aug. 4. RIG-OL-USA-BHI

Elsewhere, crude oil imports to China for the January to July period rose 13.6 percent from the year ago period to 247 million tonnes, customs data showed on Tuesday.

Additional reporting by Henning Gloystein in Singapore; Editing by Christian Schmollinger and Joseph Radford  
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The state-owned General Electricity Company of Libya (GECOL) and German energy giant Siemens signed an MoU last Saturday in Germany that would pave the way for the return of the German company to Libya to complete its many outstanding projects.

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Libya herald
These include the completion of the Ubari power plant in southern Libya, which is reported to be over 90 percent complete, as well as providing urgently needed maintenance to a number of other power plants.

Well-placed sources told Libya Herald that Siemens has been able to ‘‘establish a close relationship between the German and Libyan governments’’. The recent meeting in Germany ‘‘focused on how Siemens supports GECOL in achieving stability of generation transmission’’. The agreement signed ‘‘covers GECOL priorities and support that Siemens will provide especially with regards to fast-tracking the projects and giving high priorities to the service needs’’.

The sources said that Siemens engineers had already performed ‘‘several visits to (power plants at) Sarir, Benghazi and Misrata to bring existing units back to full capacity on to the grid prior to the signature of this agreement’’. The Ubari plant is also ‘‘clarified and in the final phase of commissioning soon’’.

Asked if there were any possible sticking points to the implementation of the agreement, the sources said that there were none ‘‘except funding which is being clarified between GECOL and the Central Bank (of Libya)’’.

It is not clear if this agreement will indeed lead to increased power generation and hence a reduction of power cuts across Libya. The Faiez Serraj-led Presidency Council/Government of National Accord had promised that power cuts would be reduced this year. However, as temperatures have risen this summer, acute power cuts – including some total blackouts have already hit the country.

The main obstacles to foreign technicians from all companies have been security and payment. Some companies used to working in high risk zones have indicated that they can mitigate some security risks, which leaves the issue of payment of outstanding monies.

The collapse in world crude oil prices and the fall in Libya’s oil production has reduced the Libyan state’s revenues. Libya is operating on a recurring annual budget deficit and its annual revenues fail to cover even state-sector salaries. It is surviving by dipping into fast diminishing foreign currency reserves.

However, fighting around the main oilfields has stopped and the National Oil Corporation has succeeded in increasing oil production in 2017 to above the one million barrels per day mark. This should give the Libyan authorities some leeway if they decide to prioritise power generation by diverting much need scarce foreign currency to foreign electricity contractors
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Oil & Gas News
Released:  07/08/20172017-08-07
Word count:  387

Oil prices edged lower on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drill rig count, even as rising output from OPEC capped crude markets.

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Reuters
Global benchmark Brent crude futures LCOc1 were down 6 cents, or 0.11 percent, at $52.36 a barrel at 0309 GMT. U.S. crude futures CLc1 were down 7 cents, or 0.14 percent at $49.51 per barrel.

Prices for both benchmarks have been on the rise, holding near their highest since late May, when oil producers led by the Organization of the Petroleum Exporting Countries (OPEC) extended a deal to reduce output by 1.8 million barrels per day (bpd) until the end of next March.

"Crude oil prices rose strongly as investors viewed (U.S. jobs) data as a positive sign for oil demand in the United States ... A small fall in the number of drill rigs operating in the U.S. also supported prices," ANZ bank said in a note.

U.S. employers added an above-forecast 209,000 workers in July and raised wages, the U.S. Labor Department said on Friday in its monthly jobs report.

U.S. drillers cut one oil rig in the week to Aug. 4, bringing the total count down to 765, energy services firm Baker Hughes (BHGE.N) also said on Friday. RIG-OL-USA-BHI

Still, the U.S. rig count has been trending upwards since mid-May, and oil production in the United States hit 9.43 million bpd in the week to July 28, the highest level since August 2015. C-OUT-T-EIA

Michael McCarthy, chief market strategist at CMC Markets, said, supportive news such as big drawdown in U.S. supplies would be needed to push U.S. WTI prices above $50 a barrel.

"This week, weekly data out of the U.S. should be really influential .... if (U.S. daily production) makes further gains given the high prices, I think that would be a catalyst for downside news," McCarthy said.

Meanwhile, OPEC's crude oil exports in July rose to a record high of 26.11 million bpd, most of which came from Nigeria, according to a report by Thomson Reuters Oil Research last week.

Libya, though, one of the OPEC members who has been exempt from the OPEC-led production cuts, was facing a gradual shutdown of its 270,000-bpd Sharara oil field after the closure of a control room.

Officials from a joint OPEC and non-OPEC technical committee are set to meet in Abu Dhabi on Monday and on Tuesday to discuss ways to boost compliance with their supply reduction agreement.

Reporting by Jane Chung; Editing by Joseph Radford and Tom Hogue
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Released:  07/08/20172017-08-07
Word count:  78

As part of Benghazi’s normalisation, plans are in hand to reopen the Suq Al-Arab market complex between Sabri and Salmani, possibly as early as next week.

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Libya herald
During the height of the insurgency, the market was hit on a number of occasions and forced to close.

Yesterday, the head of Benghazi’s municipal guard, which monitors traders and their businesses, met with a group of merchants and members of the Benghazi Chamber of Commerce and Industry to organise its reopening.

The move follows an instruction from acting mayor of Benghazi Elabbar to set up a committee to oversee its rehabilitation and return to daily use.  
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Tripoli, 3 August 2017(Lana) The General Electricity Company of Libya 'GECOL' has signed an agreement with the German Siemens AG Company to resolve the problem of power demand in Libya.

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LANA - Libya news agency
The agreement which was signed in Munich by the 'GECOL' Chairman of the Board Abdul Majeed Hamza and Siemens Chairman Joe Kaeser in the attendance in Libyan Foreign Minister Mohamed Siala and the German Foreign Minister Sigmar Gabriel according to the Information Office of the GNA Government.

As part of efforts to find radical solutions to the problem of growing power demand, and to ease the power outages on Libyan cities , the 'GECOL' and Siemens have reached an agreement to provide power for Libya.

The signing was attended by the GNA Minister of Foreign Mohamed Siala and the German Foreign Minister Sigmar Gibriel, the Office said.

=Lana=
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