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 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 deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760.

DESCRIPTION OF INSTRUMENT: Instrument: Bank Guarantee (BG/SBLC). Total Face Value: Minimum of 1M Eur/USD (One Million Eur/USD) to Maximum of 5B Euro/USD(Five Billion Eur/USD). Issuing Bank: HSBC London, Barclays Bank, Deutsche Bank Frankfurt, Hong Kong, Any AA rated Bank in Europe or any Top 25 WEB. Age: One Year, One Day Leasing Price: 4% of Face Value plus 1% commission fees to brokers. Delivery: Bank to Bank SWIFT. Payment: MT-760. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request plus our terms and procedures.

Contact name: Azra Ishaque

Email : lintel.financialservicesplc@gmail.com

Skype : lintel.financialservicesplc

AZRA ISHAQUE
3 weeks ago

Dear Sir Good Day,My Name is Khan Asad Ali from Paskitan am direct mandate to the provider of bg/sblc/lc/mtn in Uk,my provider is reliable and geniue We can deliver leased instruments to Organization or individuals, Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects with their preferred text verbiage as been approved by their bankers. We also proffer-sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (3.0 + 1)%+x%. X% 0.5% Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.If Interested

Thank you Mr Khan Asad Ali Email:bgmandate.asad@gmail.com Skype:bgmandate.ali

Khan Asad Ali
1 month ago

Do you need Loans to support your business? Trust we care about you. At Water Mayer Finance and Loans, we offer a wide

range of Non recourse Loans at an affordable 3% interest rate annually.

We are also a genuine provider of all banking financial instruments as BG, SBLC DLC, MTN etc.

Contact us today for all your financial needs. Brokers are also welcomed and protected. We pay our brokers handsomely 2%

at the end of every successful transaction. Email us today at : wfl.loans@yahoo.com OR info@watermayer.ml

For more details, you can read through our webpage at: http://wfl-ghana.gr.tn/gh/ Facebook Page: fb.me/MJWMFLLTD

Anonymous
3 months ago

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
7 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
7 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
8 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
9 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
9 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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
3 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
3 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
3 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
4 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
4 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
4 yearss ago

We are direct provider of fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds, specifically for lease with no upfront payment, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options.

Warm Regards, Rhys Williams

Lisa A law Limited Company Reg No:7141002

rhyswilliams@financier.com

Tel: +44-1254-421-664

Fax: +44-128-727-6014

Fresh cut bank instrument for lease/sale, such as
4 yearss ago

We have a provider for loan at flexible APR of 3% and BG/SBLC for lease at 5+2%. If you are interested in seeking a Loan or leasing Bank Guarantee and Stand-by Letter of Credit, Contact Mrs Monica Thomson via E-mail: (monicathomson1@aol.co.uk) with the following details to:

Name: Loan/ BG/ SBLC: Amount: Country:

Best Regards,

MONICA THOMSON

MONICA
4 yearss ago

Oil & Gas News

Oil & Gas News
Released:  15/12/20172017-12-15
Word count:  393

SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures were at $57.21 a barrel at 0651 GMT, up 17 cents, or 0.3 percent, from their last settlement.

Brent crude futures, the international benchmark for oil prices, were at $63.46 a barrel, up 15 cents, or 0.2 percent, from their previous close.

The ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was the main price driver, traders said.

“Forties pipeline operator Ineos declared force majeure on crude deliveries following Tuesday’s discovery of leaks in the pipeline, indicating that repairs could take several weeks,” U.S. investment bank Jefferies said. While the pipeline outage physically mostly affects the North Sea region, it is of global relevance as the crude it supplies is part of the supply that underpins the Brent price benchmark.

“If the duration of the outage is for several weeks it should put upward pressure on the Brent price,” Jefferies said. Beyond the North Sea supply disruption, traders said markets were generally supported by efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold production to prop up prices.

Goldman Sachs said that market conditions allowed the major oil companies, which it referred as Big Oil, to enter “a positive earnings-revision cycle” and that “this should allow Big Oil to re-employ capital at double-digit returns”.

The U.S. bank said that the improved market conditions were a result of a higher Brent crude oil price outlook of an expected annual average of $62, $60, and $55 per barrel for 2018, 2019 and 2020 respectively.

The companies usually associated with ‘Big Oil’ are BP, Royal Dutch Shell, ExxonMobil, Chevron and Total.

Undermining OPEC’s efforts to tighten the market is U.S. oil production, which has soared by 16 percent since mid-2016 to 9.78 million barrels per day (bpd), close to levels of top producers Russia and Saudi Arabia.

Rising U.S. supply, driven largely by shale drilling, will likely move oil markets into a supply surplus in the first half of 2018, the International Energy Agency (IEA) said on Thursday.

“Total supply growth could exceed demand growth: indeed, in the first half the surplus could be 200,000 barrels per day (bpd) before reverting to a deficit of about 200,000 bpd in the second half, leaving 2018 as a whole showing a closely balanced market,” the Paris-based IEA said in its monthly oil market report.

Reporting by Henning Gloystein; Editing by Joseph Radford

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Business News

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Released:  15/12/20172017-12-15
Word count:  454

Egypt has agreed to provide Libya with electricity, starting next year. It is also to provide expertise in rebuilding the Libyan electricity industry

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Libya herald
The decision came at a meeting in Cairo yesterday chaired by the Egyptian electricity minister Mohamed Shaker and attended by the head of the Libyan electricity company GECOL, Ali Mohamed Sassi, and the head of the Egyptian electricity company. The meeting is said to be a direct result of the visit to Egypt earlier this week by Presidency Council Faiez Serraj.

There is an existing agreement to supply Libya with Egyptian power; yesterday’s meeting merely agreed to enact it. Existing decisions to set up joint committees and have regular meetings were also given the green light. As part of these, Egypt will help in restructuring the Libyan electricity industry.

Egypt – and Tunisia – had previously provided Libya with electricity but the supply was cut because of unpaid bills. At the beginning of 2015, the Thinni administration agreed to pay the LD 2.5-million bill for Egyptian electricity supplied in November 2011, but it never happened.

Then, the following month, GECOL was busy saying that it did not need to import electricity from Egypt. However, by the summer that year and faced with power cuts, the Libya Dawn prime minister Khalifa Ghwell promised that Libya would import 75 MW of power from Egypt.

It too never happened.

Power from Egypt is to go to eastern Libya. Plans are also in hand, though, to import electricity from Algeria for the west and south of the country.

Three weeks ago, Sassi was in Algiers to discuss the idea with Algerian state power company Sonelgaz at the latter’s invitation.

“We have a surplus national production of electricity, especially in winter,” Sonelgaz CEO Mohamed Arkab said at the time. “Our Libyan brothers need this energy. We are therefore studying the possibilities of a high voltage electrical connection between Algeria and Libya through Tunisia to export our energy and offer our services through these power lines.”

He explained that there had been a study in 2010 to provide Algerian electricity to Libya but that the 2011 revolution and the subsequent political crisis had put it on hold.

“We want to be the first to be present on the Libyan market,” he said. “We must then take the opportunity to export our know-how to Libya, a country with which we have several points in common, including borders that can facilitate cooperation.”

For his part Sassi said during the visit: “We also want to benefit from the Algerian network to supply certain cities in western and southern Libya.”

He called on Sonelgaz to begin with setting up a transmission grid towards Libya.

A joint GECOL-Sonelgaz commission has been set up to oversee both the supply of power to Libya, including the construction of power lines and substations, as well as the expansion of the Libyan power industry.
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Oil & Gas News
Released:  14/12/20172017-12-14
Word count:  263

SINGAPORE (Reuters) - Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week.

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Reuters
U.S. West Texas Intermediate (WTI) crude futures were at $56.77 a barrel at 00344 GMT, up 17 cents, or 0.3 percent, from their last settlement.

Brent crude futures, the international benchmark for oil prices, were at $62.81 a barrel, up 37 cents, or 0.6 percent from their last close.

U.S. crude oil stockpiles fell by 5.1 million barrels in the week to Dec. 8, the fourth consecutive week of declines, to 442.99 million barrels, the lowest since October, 2015.

Despite the rise, Brent was well below the $65.83 a barrel June, 2015 high reached earlier this week. It hit that level after the Forties pipeline in the North Sea, which carries significant amounts of crude used to underpin Brent crude futures, was shut down due to cracks.

The International Energy Agency said it saw no immediate need to act, for instance with the release of strategic stockpiles, as the market remains well supplied.

Another cap on prices has been soaring U.S. production, which has risen by 16 percent since mid-2016 to 9.78 million barrels per day, the highest since the early 1970s and close to levels from top producers Russia and Saudi Arabia.

Singapore’s OCBC bank said on Thursday in its 2018 commodities outlook that a “further rise in prices could well be met by stronger U.S. production as shale oil players turn taps on”, suggesting that oil prices may not rise too far in 2018.

“A lot of, perhaps all, the current news about tightness in the oil market is already priced in,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Reporting by Henning Gloystein; Editing by Kenneth Maxwell and Joseph Radford
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Russia is willing to help secure a solution to the Libyan crisis Russian foreign minister Sergey Lavrov has told his Libyan counterpart, Mohamed Siala, in talks today. He also announced plans to send a business mission to Libya early next year.

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Libya herald
“We agreed to continue contacts to resume economic trade relations,” Lavrov said after the talks. “A Russian business mission is planned for Libya at the beginning of next year,” he disclosed, explaining that Russian companies wanted to return to Libya, especially those in the energy sector.

He believed that both sides in Libya were trying to find a solution under the auspices of UN envoy Ghassan Salamé, adding that Russia could see results from the discussions so far.

“The Russian Federation is ready to provide all-round support towards achieving a final arrangement. We established contacts with absolutely all political groups and tribes at the very beginning of the Libyan crisis,” he said, repeating Moscow’s line that it still maintained relations with the two sides.

He added that once the situation had stabilised, Russia would be able to develop cooperation with Libya.

The two men also discussed the release of two Russians from the tanker Temeteron, held last year on suspicion of smuggling fuel. They are its captain and one of his officers. Another officer, a Ukrainian, is also still being held. All the other crew were released earlier this year. According to the Russians who were confident that the matter would soon be closed, Siala promised help secure their freedom.
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Business News

Business News
Released:  13/12/20172017-12-13
Word count:  76

TUNIS, Dec 12 (Reuters) - Libya’s Nafusa Oil Operations is hoping to produce 10,000 barrels per day (bpd) of oil next year from a new project in the western Ghadames basin, the National Oil Corporation (NOC) said in a statement posted on Tuesday.

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Reuters
Nafusa is planning to split the project in Block 47 into two phases, with the first phase beginning at the start of 2018 and producing 10,000 bpd by the second quarter of the year if the project’s budget is approved, it said.

Nafusa Oil Operations is a joint venture created in 2013 between the NOC, Indonesia’s Medco Energi Internasional and Libya’s sovereign wealth fund, to develop exploration in Block 47.

Reporting by Aidan Lewis; editing by Jason Neely
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Oil & Gas News
Released:  13/12/20172017-12-13
Word count:  341

TOKYO (Reuters) - Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

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Reuters
Brent crude was up 64 cents, or 1 percent, at $63.98 a barrel by 0413 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.

U.S. West Texas Intermediate crude was up 42 cents, or 0.7 percent, at $57.56 a barrel, having settled the previous session down 85 cents. Britain’s biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday.

The pipeline, which carries about 450,000 barrels per day (bpd) of Forties crude, was shut after cracks were found. It has particular significance to global markets because Forties is the largest out of the five crude oil streams that underpin the dated Brent benchmark.

A number of producers, including BP and Royal Dutch Shell, said they had closed down oil fields in response. “Four weeks is much longer than most projections,” said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo. “The pipeline incident came just when the markets are tightening on coordinated production cuts.”

After settlement on Tuesday, industry group the American Petroleum Institute said crude stocks in the United States fell by 7.4 million barrels last week. That is almost twice the decline of analysts’ expectations for a drop of 3.8 million barrels. [API/S] [EIA/S]

Gasoline stocks rose by 2.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.5 million-barrel gain. Distillate fuels stockpiles, which include diesel and heating oil, rose by 1.5 million barrels, compared with expectations for a 902,000-barrel gain, the API data showed.

The U.S. government’s Energy Information Administration releases its weekly oil report on Wednesday.

Selling had gained pace on Tuesday after the U.S. Energy Information Administration said in its monthly short-term energy outlook that U.S. crude oil output will rise by 780,000 barrels per day (bpd) to a record-high of 10.02 million bpd in 2018.

Reporting by Osamu Tsukimori; Editing by Kenneth Maxwell and Joseph Radford
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Business News
Released:  12/12/20172017-12-12
Word count:  242

The head of Libya’s UN-backed government held a rare meeting on Saturday with the head of the National Oil Corporation (NOC) and the governor of Tripoli’s central bank to discuss funding to raise oil production.

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African Independent
Relations between the three institutions have been fractious over the past two years, owing to stand-offs over public spending and funding for NOC.

Ties have been tense between central bank governor Sadiq al-Kabir Sadiq and Government of National Accord (GNA) head Fayez Seraj over monetary policy and fiscal reform, although the bank said last month an economic and financial plan had been agreed on.

“The meeting dealt with the financial arrangements to provide funding to the National Oil Corporation so as to be able to raise production and carry out its tasks and responsibilities in production, exploration, refining and transport of crude oil and petroleum products,” the GNA said.

It added that rising oil output would help “reduce the deficit and help the Central Bank of Libya to take monetary policies to deal with the liquidity crisis and support the Libyan dinar, and stimulate the national economy”.

Libya earns almost all its income from oil production, which has risen about fourfold over the past 18 months to one million barrels per day. Despite the rise in production, Libya is still running a heavy deficit and the NOC has complained in the past that it has only received a fraction of its budget.

Citizens have struggled with inflation, which has risen to more than 30 percent as the Libyan dinar has steadily lost value on the parallel market.

Economic policy has also been obstructed by divisions between rival factions based in Tripoli and eastern Libya.
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Oil & Gas News

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SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts.

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Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $65.29 a barrel at 0253 GMT, up 60 cents, or 0.9 percent, from their last close.

That marks the first time Brent has risen above $65 since June, 2015.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $58.30 a barrel, up 31 cents, or 0.5 percent, from their last settlement.

“Brent crude raced higher ... as news broke that the North Sea’s Forties Pipeline system would have to be shut down for a ‘number of weeks’ after a hairline crack was found in it,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore. “The pipeline ... is a significant component underpinning the Brent benchmark.”

Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after cracks were revealed.

“The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank.

GOING WIDE

The jump in Brent prices widened its premium to WTI prices to almost $7 a barrel, up from around $5 last week, making U.S. oil exports more attractive. CL-LCO1=R

The cheaper WTI is also a result of rising U.S. oil production C-OUT-T-EIA, which has jumped by more than 15 percent since mid-2016 to 9.71 million bpd, levels not seen since the early 1970s.

U.S. production is now also not far off that of top producers Russia and Saudi Arabia.

The rising U.S. output threatens to undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, most importantly Russia, to support prices by withholding supplies.

OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.

Reporting by Henning Gloystein; Editing by Joseph Radford and Kenneth Maxwell
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Business News

Business News
Released:  11/12/20172017-12-11
Word count:  647

Libya is seeking ways to boost its oil output in defiance of a recently reached agreement with OPEC and Russia to cut production, citing its fiscal and monetary struggle.

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Sputnik news
Kristian Rouz – Despite Libya agreeing to join the OPEC-Russia oil output deal, the country’s officials, crude producers and bankers are discussing ways to increase output in order to fix Libya’s public finances. This comes as global oil prices have stabilized above $60 a barrel, rendering oil production more profitable.

The head of Libya’s UN-recognized government held a meeting with leaders of the National Oil Corporation (NOC), as well the governor of the nation’s central bank Saturday, discussing the allocation of additional funds to increase oil output.

Libya has been mired in political instability and suffered the consequences of fragile public finances for years entailing the overthrow of Gaddafi. However, as international oil prices increased, warring factions within the country – including Islamic extremists associated with Daesh – have sought ways to ship more oil overseas in order to boost their political influence.

The central government, backed by the UN, is now weighing an increase in state-controlled oil output for the same reason, as increased budget revenues could enhance political stability in the country. However, the NOC has been significantly underfunded in the past two years, and this lack of investment in the oil industry has limited government-controlled oil production.

Besides, Libya joined the OPEC oil cuts recently, not least due to the understanding that the nation’s output capacity is restrained anyway due to these systemic factors. Current discussions are therefore controversial at least, as they contradict the spirit of the OPEC-Russian accords aimed at supporting oil prices, and Libya appears to be seeking to capitalize on the results of the agreement.

Libya agreed its oil production would not exceed 1 mln bpd, and Libya said it would bring its output in line with the target next year. However, increased governmental investment in the oil industry could allow the nation to produce more oil in the near future.

Now, central bank governor Sadiq al-Kabir Sadiq, and Fayez Seraj, who leads the Government of National Accord (GNA), are in pursuit of monetary and fiscal reform, aimed at improving Libya’s economy.

“The meeting dealt with the necessary financial arrangements to provide funding to the National Oil Corporation so as to be able to raise production and carry out its tasks and responsibilities in … production, exploration, refining and transport of crude oil and petroleum products,” the GNA said in a statement.

The government also said that raising its oil output could help narrow the fiscal deficit and overcome the liquidity crisis. The government also expects a higher oil output to support the national currency and ensure a faster pace of economic growth.

Almost all of Libya’s budget revenue comes from oil exports, meaning there is no way the government could realistically boost its budget revenues. The nation’s economy is in dismay following decades of structural inefficiency and mismanagement, whilst the recent outbreak of tribal warfare has made the situation even worse.

Libya is running a huge deficit, and the NOC says that despite its contribution to the state budget, the government has underfunded it. Meanwhile, Libyan citizens are facing low living standards, undermined by massive inflation running over 30 percent, and the nation’s monetary system has two parallel FX rates for the dinar, thus hampering the availability of basic consumer goods.

Tripoli is also caught in the crossfire of a standoff with competing quasi-political factions in eastern Libya, who also export oil. Meanwhile, the heavy presence of radical Islamists in the country, and their solid political positioning, remains a threat to national security, political stability and the economy itself.

In recent weeks, Russia pressed OPEC to coerce Nigeria and Libya – the two largest oil producers in Africa – to cut their oil output. There is still, however, no official document confirming their commitment to the cuts, as the economies of Libya and Nigeria are less prosperous than that of Saudi Arabia and less diversified than that of Russia.
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Oil & Gas News
Released:  11/12/20172017-12-11
Word count:  298

SINGAPORE (Reuters) - Oil prices fell on Monday as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets.

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Reuters
A statement by Kuwait’s oil minister that OPEC and other oil producers will study before June next year the possibility of exiting their global oil supply-cut agreement also weighed on prices, traders said.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $57.14 a barrel at 0418 GMT, down 22 cents, or 0.4 percent, from their last settlement.

Brent crude futures LCOc1, the international benchmark for oil prices, were down 25 cents, or 0.4 percent, at $63.15 a barrel. “The largest concern for investors currently remains the rise in the U.S. rig count, which could potentially jeopardize the OPEC and Russian agreement when they meet for a review in June 2018,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

The number of rigs drilling for new oil output in the United States rose by two in the week to Dec.8, to 751, the highest level since September, General Electric Co’s (GE.N) Baker Hughes energy services firm said on Friday. RIG-OL-USA-BHI

A higher rig count points to a further rise in U.S. crude production C-OUT-T-EIA, which is already up by more than 15 percent since mid-2016 to 9.71 million barrels per day (bpd).

That’s the highest level since the early 1970s, and close to levels from top producers Russia and Saudi Arabia.

Rising U.S. output threatens to undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, including Russia, to support prices by withholding supplies.

OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.

Kuwait’s oil minister Essam al-Marzouq said on Sunday, however, OPEC and other oil producers will study before June possibly ending the global oil supply cuts earlier.

Reporting by Henning Gloystein; Editing by Joseph Radford and Kenneth Maxwell
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Business News

Business News
Released:  08/12/20172017-12-08
Word count:  138

FRANKFURT (Reuters) - Siemens, the German industrial group, plans to build two gas-fired power stations in Libya, in a fillip for its struggling power division which is shedding staff as developed economies shift to renewable sources of energy.

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Reuters
Siemens Power and Gas signed the agreements on Thursday with Libyan state utility GECOL on the plants, a company spokesman said without elaborating.

The deal follows an announcement by Siemens last month that it would cut 6,900 jobs, or around 2 percent of its global workforce. Most of the jobs would be shed by 2020 at its energy unit as demand for gas turbines fades.

The firm’s home market Germany and much of Europe is shifting increasingly to wind and solar power, but energy-hungry markets elsewhere are still yielding significant business for the power division.

Siemens signed an 8 billion-euro ($9.4 billion) deal in June to supply gas and wind power plants to Egypt in a deal that would boost the North African country’s electricity generation by 50 percent. ($1 = 0.8495 euros)

Reporting by Georgina Prodhan; writing by Douglas Busvine; editing by Andrew Roche  
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Oil & Gas News

Oil & Gas News
Released:  08/12/20172017-12-08
Word count:  411

SINGAPORE (Reuters) - Oil prices were stable on Friday, held back by a strengthening U.S. dollar but supported by China’s relentless thirst for crude amid the OPEC-led supply cuts that have already tightened the market this year.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures were at $56.68 a barrel at 0535 GMT, virtually unchanged from their last settlement at $56.69.

Brent crude futures, the international benchmark for oil prices, were steady at $62.20 a barrel.

Traders said a stronger dollar, which has gained 0.9 percent this month against a basket of other leading currencies, was weighing on prices.

A rising greenback attracts financial traders who switch investments between commodity futures and foreign exchange. A strong dollar is also seen by many as a brake on crude prices, as it makes dollar-denominated oil purchases more expensive in countries that use other currencies.

“A strong U.S. dollar could act as a headwind to commodities,” Bank of America Merrill Lynch (BoAML) said in its 2018 outlook.

Despite this, China’s booming oil demand will this year overtake the United States as the world’s biggest crude importer.

China’s crude oil imports rose to 37.04 million tonnes in November, or 9.01 million barrels per day (bpd), the second highest on record, data from the General Administration of Customs showed on Friday.

“China’s crude oil imports will continue to rise over the coming years, as output declines from several of its giant onshore fields... This will inevitably see China become more reliant on crude oil imports over our forecast period, with import dependency set to increase from a record 68.0 percent in 2017 to nearly 80 percent by 2021,” BMI Research said.

Bank of America Merrill Lynch, meanwhile, said healthy global demand and tight supplies should see Brent crude oil rise to $70 per barrel by mid-year.

U.S. investment bank Jefferies said it expects 2018 global oil demand growth of 1.5 million bpd, driven by near 10 percent demand growth in China.

On the supply side, oil prices have been receiving support from the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, most importantly Russia, which has been withholding supplies to tighten the market.

Largely because of these voluntary production cuts, oil prices rose sharply between June and October, with Brent gaining around 40 percent in value.

Threatening to undermine OPEC’s goal to tighten markets is U.S. oil production, which has risen by more than 15 percent since mid-2016 to 9.7 million barrels per day (bpd), the highest level since the early 1970s and close to the output of top producers Russia and Saudi Arabia.

The EIA monthly data on US crude production published Nov. 30 was also somewhat bearish,

Reporting by Henning Gloystein; Editing by Joseph Radford and Richard Pullin
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Harouge oil operation, is joint operating company on behalf of national oil operation Libya and Suncor oil (north Africa) GMBH, announces an invitation to participate in tender no (14/2017) for supply and procure of (36’’ x 80 kms) sour service pipeline for (AMNA crude oil).

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NOC

Scope of supply:

 

Supply (36’’x 0.375 WT API 5L X52, SAW, PSL2, DRL (40 Feet) x 80 KMS, sour service pipeline for the (AMNA crude oil pipeline) according to the specifications attached to the scope of work.

 

Harouge Tender Committee announces to all companies who have an interest in the tender that participation will be as follows:

1.  Tender Committee will only accept participation from local specialized companies who have sufficient experience of supplying materials of similar size and quantities in this field which can be supported with certificates and documentation and pipe line mills companies (manufacturers) and foreign companies registered in Libya as “manufacturers agents” having the necessary registration licenses to carry out supply and delivery of the subject pipeline.

2.  Items of origin will be accepted from Western Europe, North America and Japan only.

3.   All companies who wish to participate in this tender should send Official letter before the date of collecting the ITT package addressed to HOO Company’s Chairman of Tender Committee confirming the desire to participate in this Tender, via email to:

tender.sec-committee@harouge.com

 

4. Fill the attached copy of consultant information form and make sure that your contact details are correct and current and send it with the participation letter.

5.            Provide a copy of the following legal documents attached with the participation letter as applicable:

•             Valid license compatible with the required work.

•             Commercial Registration

•             Certificate of Registration in Chamber of Commerce.

•             Payment of tax certificate

•             Article of association.

•             Previous experience in similar work.

•             The financial Status of the company for the last three years.

 

6.   ITT Package will be received (free of charge) to the bibbers via the written e mail mentioned in the consultant information from Tuesday 19/12/2017   To Thursday 21/12/2017, any request after this day will not be accepted.

7.   In case of no  queries / inquiries are received from the bidder prior to bid submittal , this will be deemed mean that the bidder had studied the scope / specifications bid package, found it clear from both technical & commercial aspects, therefore in case of any shortages and/or change of specifications from HOO original scope/specifications bid package, shall result in disqualifying the bidder’s offer, and shall be excluded from further considerations with no obligation to HOO to request any clarification from the bidder.

8.  Bid bond with a value of (100,000 LD) one hundred  thousand Libyan dinars) submitted with your offer in the form of a certified check in a separate envelope, which shall be refunded in the event of failure to secure the tender. The check shall be issued by a Libyan bank in favor of Harouge Oil Operations or by bank guarantee letter available for (6) months from the date of submitting the offer, and shall be issued by one of the worldwide first class banks in favor of Harouge Oil Operations.

 

Notes: Any company or contractor interested in participating in this tender is responsible for all costs involved.

If you have any questions please contact the Tender Committee via:

 fax no :+218- 21- 3330090

 Email to: sac@harouge.com

tender.sec-committee@harouge.com 

Comments:

Business News

Business News
Released:  07/12/20172017-12-07
Word count:  188

An appeal court in Paris has overturned a lower court garnishee order freezing $100-million worth of funds belonging to the Central Bank of Libya (CBL), held in the Crédit Agricole Bank.

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Libya herald
According to the CBL, the Tribunal de Grande Instance in the north east Paris suburb of Nanterre has also awarded it costs in the case which was decided on 28 November.

The funds had been frozen at the request of Kuwait’s Kharafi group in April last year.

The case relates to Kharafi’s claim for almost $1 billion in compensation for a $130-million tourist resort project in the Tajoura area of Tripoli, agreed in 2006 but apparently cancelled after the revolution. It had been due to be completed in 2011, when the revolution broke out, although to that date all that allegedly had been expended was $5 million for feasibility studies, design and management contracts.

Kharafi took its case to an Egyptian court in 2013 which awarded it $936.9 million, of which $900 million was for lost potential profit.

It then applied to a French court to seize Qaddafi’s private plane, an Airbus A-340 which at the time was at Toulouse undergoing repairs and refurbishment having been damaged during the revolution. The French court, however, refused the application. At which point, the Kharafi group said that it was concentrating on other assets in France.
Comments:

Oil & Gas News

Oil & Gas News
Released:  06/12/20172017-12-06
Word count:  384

SINGAPORE (Reuters) - Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand.

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Reuters
Brent crude futures, the international benchmark for oil prices, were down 24 cents, or 0.4 percent, at $62.62 a barrel as of 0456 GMT.

U.S. West Texas Intermediate (WTI) crude futures were at $57.38 a barrel, down 24 cents, or 0.4 percent, from their last settlement.

Traders said prices fell after an American Petroleum Institute (API) report late on Tuesday that showed a 9.2 million barrel rise in gasoline stocks in the week ended Dec. 1, and an increase of 4.3 million barrels in distillate inventories, which include motor diesel and heating oil.

The perception that the higher fuel stocks pointed to weak demand outweighed a drop in crude inventories by 5.5 million barrels, to 451.8 million, traders said.

Outside the United States, analysts said supply cuts by the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers - which last week were extended to all of next year - have helped lift Brent prices by more than 40 percent since June, and more than 130 percent since early 2016, when they hit their lowest level since 2003.

With the supply cuts likely in place throughout 2018, analysts said crude prices were well supported.

"Robust global demand and tight supplies should see Brent crude oil rise to $70 per barrel by mid-year (2018)," said Bank of America Merrill Lynch in its 2018 outlook.

One factor that could undermine OPEC's and Russia's effort to cut supplies and prop up prices is U.S. oil production, which has risen by 15 percent since mid-2016 to 9.68 million barrels per day, close to levels of top producers Russia and Saudi Arabia.

"U.S. shale producers continue to win market share," said Fawad Razaqzada, analyst at futures brokerage Forex.com. But weaker economic performance and a decline in refinery capacity utilisation in the first quarter could be a drag on oil demand and dampen prices, said Georgi Slavov, head of research at commodity broker Marex Spectron.

"Demand remains firm, which is the main reason for us to still see oil at/above $60 per barrel. This is likely to change as we approach 2018," Slavov said in a note.

"We are starting to pick up weakness in the macro performance of key oil consuming regions. We are also starting to take note of the forthcoming January-February decline in refinery capacity utilisation," he said.

(Reporting by Henning Gloystein; Additional reporting by Keith Wallis; Editing by Richard Pullin and Tom Hogue)
Comments:

Business News

Business News
Released:  06/12/20172017-12-06
Word count:  210

UK ambassador Peter Millett has suggested to NOC chairman Mustafa Sanalla that a conference be held next year in Aberdeen to assess ways in which British and Libyan oil sector companies could cooperate to maintain and improve Libya’s oil production and facilities.

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Libya herald
The proposal came during talks between the two in Tripoli today on the potential for collaboration between the countries’ oil sectors. Millett floated the idea in what was a follow-up to last month’s meeting in Tunis of the British Libyan Business Council, addressed by both men and at which the needs of the Libya oil sector were discussed.

NOC chairman Mustafa Sanalla is understood to have responded positively to the Aberdeen conference idea.

Millett was accompanied by his deputy Angus McKee, recently appointed after over three years as consul general in Erbil in Iraqi Kurdistan.

The two also attended a conference in illegal immigration in Tripoli today, along with Presidency Council deputy Ahmed Maetig.

Yesterday, Millett made his first ever visit to Zintan where he saw Mayor Mustafa Baroni and the head of the House of Representatives dialogue committee Abdulsalem Nasia as well as officials and some 20 local sheikhs.

The current political process was discussed as was the situation of internally displaced Libyans, in particular the several thousand Zintanis who fled to the town from Tripoli – mainly west Tripoli – in 2014.

Zintan’s plans for reconstruction were also discussed.

Millett’s visit is being seen in terms of building up a new relationship between the mountain town and the UK.
Comments:

Oil & Gas News

Oil & Gas News
Released:  05/12/20172017-12-05
Word count:  289

SEOUL (Reuters) - Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last week’s deal between OPEC and other crude producers to extend output curbs.

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Reuters
International benchmark Brent crude futures LCOc1 were trading up 6 cents, or 0.1 percent, from their last close at $62.51 per barrel by 0410 GMT.

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers last week rolled over their agreement to cut output by 1.8 million barrels per day (bpd) until the end of 2018, aiming to erode a global glut and drive up prices.

Goldman Sachs said Saudi Arabia and Russia showed a stronger commitment to extending cuts and raised its Brent and WTI spot forecasts for 2018 to $62 and $57.50 per barrel respectively.

“By 2019, however, we believe the response of shale and other producers to higher prices will incentivise OPEC and Russia to pare back their now greater spare capacity, leaving risks to prices skewed to the downside,” the bank added.

In November, OPEC crude oil output fell by 300,000 bpd to its lowest since May, according to a Reuters survey released on Monday.

“Both contracts (Brent and WTI) have now tested and failed major resistance levels, and all eyes will now be on the U.S. crude inventory data due tonight and tomorrow,” said Jeffrey Halley, senior market analyst at OANDA.

While rising U.S. oil production remains a hurdle for OPEC’s efforts to rebalance the market, U.S. crude inventories likely fell last week, marking their third straight weekly drop, a preliminary Reuters poll showed.

Seven analysts polled ahead of inventory reports from the industry group American Petroleum Institute (API) and the U.S. Department of Energy’s Energy Information Administration (EIA) estimated, on average, that crude stocks fell 3.5 million barrels in the week ended Dec. 1.

The official government inventory data is due on Wednesday at 10:30 a.m. EDT (1430 GMT).

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

Business News
Released:  05/12/20172017-12-05
Word count:  187

Interim Prime Minister Abdullah Al-Thinni has issued a decree saying medical supplies may arrive only by air and sea, but not by land.

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Libya herald
Ironically two of the airports listed as being allowed to bring in medical supplies – Tripoli International and Sebha – are not functioning. Another, Misrata, is not under his control. The same applies for the maritime ports of Tripoli, Khoms and Misrata.

Tripoli’s Mitiga Airport, which is open but not under his control, was not mentioned.

However, the decree includes the of Benina, Tobruk and Labraq airports, and Benghazi and Tobruk seaports, all of which are under his authority. However, Tobruk port was ordered to close in October by Khalifa Hafter and shipping diverted to Benghazi, although this has been somewhat relaxed since then.

As part of the decree, Thinni has also restructured the eastern government’s medical supply authority, appointing a new board of directors headed by Salam Ojali. The authority is to be headquartered in Benghazi.

No reason, though, has been given for the restructuring or why imports of medicines by land are being stopped.

Thinni has meanwhile also replaced his undersecretary at the education ministry. Dr Salim Ali Mohamed Al-Hasiya will take over from Dr Aqoub Abdullah Aqoub, who had been in the role since 2016.
Comments:

Oil & Gas News

Oil & Gas News
Released:  04/12/20172017-12-04
Word count:  306

TOKYO (Reuters) - Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension of output cuts agreed last week by OPEC and other producers.

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Reuters
Drillers in the United States added two oil rigs in the week to Dec. 1, bringing the total count up to 749, highest since September, energy services firm Baker Hughes said in its closely followed report late on Friday. RIG-OL-USA-BHI U.S. West Texas Intermediate CLc1 was down 46 cents, or 0.8 percent, at $57.90 a barrel at 0431 GMT. Brent futures LCOc1 were down 39 cents, or 0.6 percent, at $63.34 a barrel.

The U.S. rig count, an early indicator of future output, gained sharply from 477 rigs active a year ago after energy companies boosted spending plans for 2017. [RIG/U]

Drillers over 2017 were encouraged to increase activity as crude prices started recovering from a multi-year price slump around the same time that the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers, including Russia, agreed to production cuts a year ago.

Last week, the producers agreed to extend those cuts of 1.8 million barrels per day (bpd) until the end of next year.

“The extent of U.S. production growth and the strength of global oil demand in 2018 remain the main uncertainties,” BMI Research said in a note.

“OPEC (or rather Saudi Arabia) will increasingly work to manage the market,” BMI said in the note.

The latest agreement allows for producers to exit the deal early if the market overheats. Russian officials had expressed concern that extending the output cuts might encourage rival U.S. shale oil firms to pump more crude.

Rising U.S. production has been a persistent thorn in OPEC’s side and the rig increased for a second straight week.

U.S. output rose in September to 9.5 million bpd, the highest monthly output since 9.6 million bpd in April 2015, according to government data going back to 2005. On an annual basis, U.S. output peaked at 9.6 million bpd in 1970.

Reporting by Aaron Sheldrick; Editing by Richard Pullin and Tom Hogue  
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