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:

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Anonymous
1 month 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
5 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
6 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
7 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
7 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
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
10 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
10 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
10 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
10 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
10 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
10 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
10 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
10 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
10 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
11 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
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
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
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
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

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:  20/10/20172017-10-20
Word count:  449

SINGAPORE (Reuters) - Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.45 at 0639 GMT, up 22 cents, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.54 per barrel, up 25 cents, or 0.5 percent. The higher prices came after a more than 1 percent fall in prices the previous day.

This was put down to profit-taking following four days of straight gains, but also to a sudden market slump which spooked traders after the veteran but outgoing governor of China’s central bank warned of a “Minsky moment”, a reference to excessive optimism about economic growth fueled by vast debt and speculative investment.

“I think he is trying to warn people that we can’t keep running...at that rate because it implies an ongoing increase in China’s debt-to-GDP ratio and sooner or later that must slow down,” said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

TIGHTENING MARKET

Much of that concern had dissipated by Friday, however, and analysts said there were indicators of a tightening oil supply and demand fundamentals.

“Oil market has moved into modest under-supply and we expect this will persist at least through the end of the year,” U.S. investment bank Jefferies said.

U.S. commercial crude oil stocks have dropped 15 percent from their March records, to 456.5 million barrels, below levels seen last year. C-STK-T-EIA

Part of this drawdown has been due to rising exports as a result of the steep discount of WTI crude to Brent, which makes it attractive for American producers to export their oil. CL-LCO1=R

Additionally, crude futures price curves are in backwardation, which makes it attractive to sell produced oil immediately rather than store it for later dispatch.

RBC Capital Markets said, “a strong indicator that global inventories are being run down will be when the market starts relying on U.S. exports to fill deficits.”

That moment may have arrived.

Shipping data in Thomson Reuters Eikon shows that overseas U.S. crude oil shipments have soared from virtually zero before the government loosened export restrictions in late 2015 to around 2.6 million barrels per day (bpd) in October.

“Physical bottlenecks are unlikely to kick in until waterborne (U.S.) exports approach 3.2 million bpd,” RBC Capital Markets said.

Exports have been boosted since a production cut led by the Organization of the Petroleum Exporting Countries (OPEC) has been in place since January this year, and which OPEC wants to expend beyond its current expiry date at the end of March 2018.

“Our expectation is that OPEC (and partners including Russia) will extend production cuts through the end of 2018,” Jefferies bank said.

Reporting by Henning Gloystein and Vidya Ranganathan; Editing by Kenneth Maxwell  
Comments:

Business News

Business News
Released:  20/10/20172017-10-20
Word count:  105

The Beida-based Central Bank of Libya is understood to have taken delivery today of a consignment of brand-new one dinar coins minted for it in Russia. This is the first time the modern dinar has been issued as a coin.

Play
Libya herald
The majority of one dinar bank notes in circulation in the east of the country is now dirty and tattered and often stuck together with transparent tape.

The eastern CBL has not said how many of the new coins have been sent from Moscow, which since May 2016 has been supplying it with a total of LD 4 billion of new banknotes. The “Russian ” dinars are of a different design from the main Libyan banknotes and have not included any one dinar bills.

The CBL in Tripoli, after first rejecting these notes, later relented. It is not yet clear how they will react to the new coin.
Comments:

Business News

Business News
Released:  19/10/20172017-10-19
Word count:  167

The municipality of Benghazi carried out the first project to install solar-powered lighting poles in Libya by removing the old poles and installing new ones in an area which extends 13 kilometers from the entrance of Benina International Airport to the intersection of the Fifth Ring Road with the Republic Road.

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ARAB24
The project will save about 3 million Libyan dinars annually.

Shotlist: -Var. Scenes of the solar lighting poles

-SOUNDBITE (Arabic), Mohammed Aljalali, Director General of Manara Company:

"This is the first large-scale project to be carried out in Libya. It includes about 370 solar-powered working poles. However, it can be supported by the existing grid. The project includes the removal of old poles and the installation of solar panels. This project will save 3 million Libyan dinars annually in terms of clean energy, and I wish this project circulated all over Libya, especially in remote areas."

-Var. Scenes of the solar lighting poles

-SOUNDBITE (Arabic), Ahmed Albukhari, Technical Director of Al-Manara Solar Company:

"The supervisor of the United Nations Development Program for the solar energy project - Airport Road, we found some difficulties by supervising the work and some technical errors in some of the poles and some other problems, and we submitted a report to the committee entrusted with us through the pictures and the report will show everything."
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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Oil & Gas News

Oil & Gas News

SINGAPORE (Reuters) - Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures.

Play
Reuters
Brent crude futures LCOc1 were at $58.10 at 0411 GMT, slightly lower than their last close, but around 30 percent above mid-year levels.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $51.97 per barrel, also down a touch from its last settlement, but almost a quarter higher than in June. The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell by 5.7 million barrels in the week to Oct. 13, to 456.49 million barrels. C-STK-T-EIA

U.S. output slumped by 11 percent from the previous week to 8.4 million barrels per day (bpd), its lowest since June 2014 as production had to be shut because of tropical storm Nate, which hit the U.S. Gulf coast earlier in October.

Analysts said there was also a risk to supply from political instability in areas ranging from the Middle East to South America.

“The ‘Fragile Five’ petrostates - Iran, Iraq, Libya, Nigeria and Venezuela - continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the U.S. has decertified the 2015 Iran nuclear deal,” said U.S. bank Citi.

Iraqi forces this week captured the Kurdish-held oil city of Kirkuk, responding to a Kurdish independence referendum, triggering fears of supply disruptions. Adding to these tensions, U.S. President Donald Trump last week refused to certify Iran’s compliance over a nuclear deal, leaving Congress 60 days to decide further action against Tehran.

During the previous round of sanctions against Iran, some 1 million bpd of oil was cut from markets.

And analysts see crude supply tightening further as the Organization of the Petroleum Exporting Countries (OPEC) and partners, including Russia, are expected to extend a deal to curb production beyond its expiry date next March.

“OPEC is desperate to bring the market into equilibrium and mop up as much of the excess stockpiles ... I am expecting OPEC and Russia to agree on a further 9-month extension to production cuts,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

Political risk consultancy Eurasia Group said Saudi Arabia’s plans to list state-owned oil giant Aramco would increase pressure for extended production cuts. “Saudi Arabia will seek a production sharing agreement extension ... as an IPO (of Saudi Aramco) remains part of the long-term plan,” the consultancy said. “Price stability will remain a core part of the strategy ... The government still needs higher oil revenue to support its spending needs and reform program.”

Reporting by Henning Gloystein; Editing by Joseph Radford

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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Business News

Business News

Following up the maintenance works, the restarting and production resumption at Al Jurf Offshore Field, Eng. Mustafa Sanalla, NOC Chairman of the Board, paid a visit to Al Jurf Offshore Field on Saturday 14 October 2017 accompanied by a delegation from NOC.

Play
NOC
Immediately upon their arrival at the Field, Mr. Chairman of the Board and his accompanying delegation attended a lecture on safety precautions as a normal practiced procedure in the Field.

Then Mr. Chairman and his accompanying delegation listened to an explanation on the ongoing replacement works of the flexible flowline between production platform and Farwha FPSO. They also listened to additional details on inspection, installation and maintenance works that were made on some of the Field's units during the scheduled stoppage period.

Mr. Chairman of the Board commended the perseverance of the workers of the Field and their great efforts aimed at production resumption and sustainability. Eng. Mustafa Sanalla also listened to the problems that the workers face at their work. For his part, Eng. Sanalla asserted his personal interest on improving the services, the living conditions, employment privileges, training and qualifying the national personnel in different companies of the sectors subject to the available resources. He stated that things would get better as long as production increase plans were going as scheduled and the positive reflections of that process on the State's financial position.

It is worth mentioning that Al Jurf Offshore Field, which started production on 5 September 2003 and operated by Mabruk Oil Operations, is a partnership between NOC, Total and Wintershall.

The delegation in this visit included Mr. Abulgasem Shingheer Member of the Board of Directors and General Manager of Exploration and Production, Mr. Yousef Greyo Acting Chairman of the Management Committee of the Operator Mabruk Oil Operations, Mr. Ibrahim Elkilani member of the Management Committee of the Operator on behalf of the Second Party as well as Mr. Khaled Bukhatwa General Manager of Health, Safety, Environment, Security and Sustainable Development Department at NOC and Mr. Anwer Aqueel Manager of Production Department at NOC.
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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Oil & Gas News

Oil & Gas News
Released:  18/10/20172017-10-18
Word count:  353

SINGAPORE (Reuters) - Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $58.27 at 0314 GMT, up 39 cents, or 0.7 percent from their last close - and a third above mid-year levels.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.13 per barrel, up 25 cents, or 0.5 percent, and almost a quarter above mid-June levels.

Traders said that on charts for WTI a technical pattern known as a ‘Golden Cross’ was approaching, in which the 50-day moving average price climbs higher than the 200-day moving average, which is widely seen as a bullish price indicator. Traders said that prices were pushed up by a drop in U.S. crude inventories as well as concerns that fighting in Iraq and mounting tensions between the United States and Iran could affect supplies.

U.S. crude inventories fell by 7.1 million barrels in the week to Oct. 13 to 461.4 million barrels, the American Petroleum Institute (API) said late on Tuesday.

“API data from the U.S. overnight showed a big draw ... If $52.83 in WTI and $59.22 in Brent give way, then oil is stepping into a new and much higher range,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Official U.S. fuel inventory data is due later on Wednesday from the Energy Information Administration.

Adding to a tightening U.S. market, tensions in the Middle East meant that a risk premium was being priced into oil markets. Iraqi government forces captured the major Kurdish-held oil city of Kirkuk earlier this week, responding to a Kurdish independence referendum, and there are concerns that fighting could disrupt supplies.

“In the case of Kurdistan, the 500,000 barrel-per-day (bpd) Kirkuk oil field cluster is at risk,” U.S. bank Goldman Sachs said on Tuesday.

The Iraq crisis adds to a looming dispute between the United States and Iran. U.S. President Donald Trump last week refused to certify Iran’s compliance over a nuclear deal, leaving Congress 60 days to decide further action against Tehran.

During the previous round of sanctions against Iran, some 1 million bpd of oil was cut from global markets.

Reporting by Henning Gloystein; Editing by Kenneth Maxwell and Joseph Radford
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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Business News

Business News
Released:  17/10/20172017-10-17
Word count:  190

Flights from Tripoli’s only functioning airport, Mitiga, have resumed having been suspended this morning.

Play
Libya herald
Due to a clash between Abdelrauf Kara’s Special Deterrence Force (Rada), nominally part of the Ministry of Interior and aligned with the Faiez Serraj-led Government of National Accord, and armed youth from the Ghararat region of Soug Il Juma. Ghararat borders on the southern margin of Mitiga airport.

Reports say that armed Ghararat youth launched an attack on Mitiga airport in response to Rada arresting one of their members and for drug-related raids on their neighbourhood.

The Ghararat armed youth attacked the Mitiga base entrance attempting to free their member from the prison run by Rada in the expansive airport grounds which doubles as a military base and prison.

They were successfully resisted and repulsed by the Rada force but they continued to fire in the air in the direction of Mitiga airport raising security and safety fears. This forced the airport authority to susped flights and close down the airport for fear of aircraft being it or people getting injured.

The Ghararat youth subsequently put up road blocks in the roads leading into Ghararat to prevent Rada from penetrating their neighbourhood.

No damage was reported at Mitiga airport.
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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Oil & Gas News

Oil & Gas News
Released:  17/10/20172017-10-17
Word count:  525

TOKYO (Reuters) - Oil prices clung to this month’s high on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares held firm on optimism about upcoming earnings.

Play
Reuters
Short-term U.S. bond yields and interest rates jumped after a report U.S. President Donald Trump favoured Stanford economist John Taylor to head the Federal Reserve.

Japan's Nikkei .N225 was flat after its 10-day winning streak until Monday while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent having gained 10 of the past 12 sessions.

“There is no major country that is facing economic troubles. We have a decent global growth, upbeat corporate sentiment and no inflation. Stocks are the obvious choice in this environment,” said Arihiro Nagata, head of derivatives at SMBC Nikko Securities.

Oil prices held near their highest levels in almost three weeks after Iraqi government forces captured the major Kurdish-held oil city of Kirkuk in a response to a Kurdish independence referendum, raising worries about oil supply.

As Iraqi forces advanced, Kurdish operators briefly shut some 350,000 barrels per day of oil output at two large Kirkuk fields, citing security concerns, oil ministry sources on both sides said.

Although production resumed shortly thereafter, concerns about supply disruptions and further escalations in the confrontation between Baghdad and the Kurds kept investors on edge.

U.S. crude CLc1 traded at $51.78 a barrel, down slightly on the day, after having hit a high of $52.37 on Monday, a rise of 6.7 percent from its three-week low of $49.10 hit on Oct 6.

Brent crude LCOc1 fetched $57.84 per barrel, flat on the day after having risen to as high as $58.47 on Monday.

U.S. short-term interest rates and bond yields jumped on Monday after Trump met Stanford University economist John Taylor to discuss the job of Federal Reserve Chair as Trump seeks candidates to succeed current Janet Yellen next year.

Taylor is known as a proponent of a rule-based monetary policy and according to his formula, known as Taylor rule, the Fed funds rate needs to be much higher than the current target of 1.0 - 1.25 percent. The policy-sensitive two-year yield jumped to as high as 1.546 percent US2YT=RR, its highest since 2008, while Fed funds rates futures contract for settlement in late 2018 to early 2019 posted one of their biggest fall so far this year.

Trump has met other candidates, including former Fed Governor Kevin Warsh, current Governor Jerome Powell and he will see Yellen on Thursday, leaving markets on tenterhook.

“At the moment, there’s no consensus at all in the market and there is little point betting on who will be picked as it would be a complete gamble. But once the decision will be made, there will be a clearer market direction,” said Tomoaki Shishido, fixed income analyst at Nomura Securities.

“And when the uncertainty is cleared, bond yields are likely to rise given the strength of the economy now,” he added.

Major currencies are also largely on hold.

The euro EUR= traded at $1.1782, down slightly from the previous day.

The dollar bounced back to 112.07 yen JPY=, from Monday's low of 111.65, which was its lowest since Sept 26.

Elsewhere, copper CMCU3 soared to $7,134.5 a tonne, hitting a three-year high, having jumped 3.7 percent on Monday, its biggest gain in about 10 months, helped by prospects of brisk economic growth. It last stood at $7,110.5.

Editing by Sam Holmes  
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 will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
1 day ago

Business News

Business News

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 (10/2017) For carrying out the scheduled repair of the pipeline from Tibisti-Beda to Assida , 136Km by using split sleeves , and the participation will be as following:

Play
NOC

1.            Tender Committee will only accept participation from National Companies that are specialized in this field, and foreign companies which are specialized and registered in Libya.

2.            All companies that 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

3.            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.

4.            Provide a copy of the following legal documents at the day of receiving the ITT Package:

•             Valid license compatible with the required work.

•             Commercial Registration

•             Certificate of Registration in Chamber of Commerce.

•             Payment of tax certificate

•             Article of association.

5.            Paying value of (700 LD) (Seven Hundred Libyan dinars) cash or by a certified check which is nonrefundable, issued by a Libyan bank in favor of Harouge Oil Operations.

6.            ITT Package will be received to the bibbers from Monday 30/10/2017 to Wednesday 01/11/2017, 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 ( 8,000 LD) (Eight 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 letter of credit(LC) available for (6) months from the date of submitting the offer, the LC shall be issued by a Libyan bank 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:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  16/10/20172017-10-16
Word count:  419

SINGAPORE (Reuters) - Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.85 at 0356 GMT, up 68 cents, or 1.2 percent, from the previous close.

Traders said that worries over renewed U.S. sanctions against Iran were pushing up prices.

U.S. President Donald Trump struck a blow against the 2015 Iran nuclear deal on Friday, defying both U.S. allies and adversaries by refusing to formally certify that Tehran is complying with the accord even though international inspectors say it is.

Under U.S. law, the president must certify every 90 days to Congress that Iran is complying with the deal. The U.S. Congress will now have 60 days to decide whether to reimpose economic sanctions on Tehran that were lifted under the pact.

During the previous round of sanctions against Iran, some 1 million barrels per day (bpd) of crude oil supplies were cut off global markets. While analysts said they did not expect renewed sanctions to have such a big impact again, especially as the United States would likely act alone, they did warn that such a move would be disruptive.

“If Iran (were) found breaching their nuclear agreement and had their trade agreement revoked, (that) would be the biggest catalyst for upward momentum on crude prices,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

There were also concerns about the stability of Iraq, the second biggest oil producer within the Organization of the Petroleum Exporting Countries (OPEC) behind Saudi Arabia.

Iraqi forces on Sunday began moving towards oil fields and an important air base held by Kurdish forces near the oil-rich city of Kirkuk, Iraqi and Kurdish officials said.

Greg McKenna, chief market strategist at futures brokerage AxiTrader said that “Trump’s reopening of the Iran nuclear issue, (and) the ongoing threat of the Kurdish pipeline being cut off” were the main factors pushing up oil prices.

U.S. OIL RIG EXPLOSION

An explosion overnight at an oil rig in Louisiana’s Lake Pontchartrain drew market attention, with at least six people injured.

U.S. crude prices were also supported by drillers cutting back the number of rigs looking for new production.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $51.89 per barrel, up 44 cents, or 0.9 percent.

Drillers cut five oil rigs in the week to Oct. 13, bringing the total count up to 743, the lowest since early June, General Electric Co’s (GE.N) Baker Hughes energy services firm said late on Friday. RIG-OL-USA-BHI

Reporting by Henning Gloystein; Editing by Joseph Radford and Sonali Paul
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  13/10/20172017-10-13
Word count:  436

SINGAPORE (Reuters) - Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market.

Play
Reuters
Strong Chinese oil import data also supported crude prices, traders said. With the Organization of the Petroleum Exporting Countries (OPEC) leading a production cut, analysts said that global oil markets were now broadly balanced after years of oversupply.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $51.01 per barrel at 0647 GMT, up 41 cents, or 0.8 percent, from its last settlement. Brent LCOc1 was at $56.58, up 33 cents, or 0.6 percent.

U.S. crude inventories C-STK-T-EIA dropped 2.7 million barrels in the week to Oct. 6, to 462.22 million barrels, the Energy Information Administration (EIA) said late on Thursday.

Crude production slipped 81,000 barrels per day (bpd) to 9.48 million bpd.

Strong Chinese oil imports, which averaged 8.5 million bpd between January and September and hit 9 million bpd in September, also supported prices, as China solidified itself as the world’s biggest importer.

China’s huge imports have been strongly driven by purchases for its strategic petroleum reserves (SPR). “It seems the majority of this is SPR buying, not consumer demand,” said Matt Stanley, a fuel broker at Freight Investor Services (FIS).

China has spent around $24 billion on building its crude reserves since 2015 and now holds around 850 million barrels of oil in inventory, according to the International Energy Agency (IEA).

Despite the tightening market, Bernstein Research said that OPEC would need to extend the cuts beyond the current expiry date in March 2018 to further reduce excess stocks.

“OPEC will not achieve normalized inventory levels before cuts expire at the end of March,” Bernstein said, but added that “we believe an extension of cuts through 2018 should allow inventories to reach normalized levels before the end of 2018”.

OPEC, together with other producers including Russia has been restraining output since January. The pact to cut production is set to expire by the end of March 2018, and there are discussions for an extension.

Traders said they were awaiting a decision later on Friday by U.S. President Donald Trump on whether to continue to certify the 2015 Iran nuclear deal.

Trump is expected not to certify the agreement, which has to be re-certified every 90 days and is due for renewal on Sunday. The step would not withdraw the United States from the deal but would give the congress 60 days to decide whether to reimpose new sanctions.

“U.S. sanctions could cut off a lot of Iranian oil trade finance,” FGE President Jeff Brown told Reuters this week. “Last time we saw this, it cut off 1 million bpd of supplies. I don’t think it’d be that big this time round, but it would still be significant,” said Brown.

Reporting by Henning Gloystein; Editing by Kenneth Maxwell and Joseph Radford  
Comments:

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SIVAJOTHI GNANATHEEVAM
5 days ago

Business News

Business News
Released:  13/10/20172017-10-13
Word count:  447

The Central Bank of Libya (CBL) announced today that it has, in conjunction with mobile company, Almadar launched the first phase of the Sadad mobile electronic payment service.

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Libya herald
The CBL said that it ‘‘considers the mobile e-payment system as one of the leading national projects in Libya aimed at achieving a comprehensive financial system in progressing the electronic payments systems through advanced modern solutions’’.

‘‘The new mobile e-payment system will enable users to make everyday payments and the transfer of money with total ease making everyday life easier for Libyan citizens’’, the CBL concluded.

The CBL referred customers to Almadar’s Sadad website for registration and more details.

However, at the time of writing Libya Herald attempted to test the site and register, but the website was still not working. The CBL statement gave no further details about the new payment system.

If the proposed new service is indeed successfully launched and it operates on the level of other African services such as the M-Pesa service in Kenya, it could transform Libya’s dilapidated financial system and ailing cash-based economy.

The success of Kenya’s M-Pensa service was partly due to the fact that it worked on old fashioned pre-smart phones sets which opened up to eve the lowest socio-economic groups of the country. (M-Pensa). Kenya’s M-Pesa allows users to deposit, withdraw, transfer money and pay for goods and services easily. More importantly it allows users with even the old fashioned pre-smart mobile devices to use the service.

The service allows users to deposit money into an account stored on their cell phones, to send balances using PIN-secured SMS text messages to other users, including sellers of goods and services, and to redeem deposits for regular money.

Users are charged a small fee for sending and withdrawing money using the service. It is still not clear what the CBL and Al-Madar plans for its Sadad service in Libya. However, in Kenya, M-Pesa operates as a branchless banking service where customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents.

M-Pesa spread quickly after its launch in Kenya, and by 2010 had become the most successful mobile-phone-based financial service in the developing world. The service has been praised for giving millions of people access to the formal financial system and for reducing the black market economy and for reducing crime in otherwise largely cash-based societies.

The potential for this service is huge and revolutionary. For example, in Kenya, by 2014 almost half the value of the country’s GDP was transacted through M-Pesa. In the short term the service could solve Libya’s acute cash shortage crisis and vanish overnight queues outside banks. It could act as a catalyst to reignite the ailing economy and kick start the reform of Libya’s archaic financial system.
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

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SIVAJOTHI GNANATHEEVAM
5 days ago

Business News

Business News

Further to news that a delegation of foreign experts working for the Libyan Cement Company, owners of Hawari cement factory in Benghazi had visited the factory site and met with the city’s mayor last week with a view to restarting work to reopen the factory, LCC informed Libya Herald that an opening date is unlikely before the end of 2018.

Play
Libya herald
Bob Solomon, LCC Chairman and CEO, expressed his appreciation for Benghazi’s mayor meeting with the LCC delegation last week and congratulated him on reopening the city’s port.

‘‘We would particularly like to thank the mayor for receiving our delegates this week and for his support and assistance. This is very valuable. Further we want to congratulate him on the re-opening of the Port. LCC will be importing large quantities of supplies, parts and materials for the re-building and a fully functioning port will be a great benefit. Let’s hope customs clearing procedures can be streamlined to avoid delays’’, he added.

‘‘We want to reassure the community that LCC Management is continuing to support the employees through government payments each month and we thank the government for their strong support’’.

However, Solomon was keen to clarify the scale of the task of reopening the cement plant in view of the extensive damage it suffered as a result of fighting in its surrounding area.

‘‘The process for re-starting is ramping up and we can expect higher levels of activity at the site before the end of this year. But please bear in mind, restoring the plant is a huge job and will take all of 2018 before production will re-start.’’

‘‘We would also ask LCC employees to refrain from visiting the factory for now, because this just complicates the work we are doing. At the appropriate time, we will be contact with them and invite them to attend. It would be helpful for employees to watch the LCC website (www.lcc.ly) for future important announcements’’, added Solomon.

‘‘In addition to the work we are doing, there are two critical elements that need to be handled by others. First is the gas supply. Crucial parts of the gas distribution pipeline outside of the factory premises are totally missing. These must be restored because without gas the factory cannot operate’’.

‘‘Secondly, electricity supply must be able to handle the demand. When the factory restarts we will need at least 15 MW of power in the beginning, increasing up to 24 MW at full capacity’’.

On another note, Solomon was very keen to pay tribute to the company’s employees working at their Fataiah cement factory in Derna.

‘‘Our Al Fataiah factory at Derna is continuing to operate, as it has done during the last 3 years, and we sincerely thank the AlFataiah employees for their full support’’, Solomon concluded.
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  12/10/20172017-10-12
Word count:  416

SINGAPORE (Reuters) - Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $51.08 per barrel at 0112 GMT, down 22 cents, or 0.4 percent, from their last settlement. Brent crude futures LCOc1, the international benchmark for oil prices, were at $56.62, down 32 cents, or 0.6 percent, from the previous close.

Starting this year, the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia agreed to cut output by 1.8 million barrels per day (bpd) to prop up prices.

The OPEC-led deal helped lift oil from the $30-$40 per barrel range in late 2016/early 2017. But traders say supplies remain ample despite these cuts, thanks in large part to surging U.S. production C-OUT-T-EIA.

(For a graphic on 'U.S. oil production' click reut.rs/2kFuGtS)

As a result, OPEC is widely expected to extend the cuts beyond the current expiry date of end-March 2018.

“OPEC doesn’t really have a choice but to extend cuts unless they’re happy to risk sub-$40 per barrel prices again,” said David Maher, Managing Director for energy at commodity merchant RCMA Group in Singapore.

With ongoing OPEC-led supply cuts supporting prices, but rising U.S. production capping crude, Maher said that markets would likely be balanced in 2018 and 2019, with Brent range-bound in the $50 to $60 per barrel range.

“Currently, the main risks to upside are new Iran sanctions and Venezuela issues, while downside risks are OPEC cuts not being extended or poor compliance leading to agreement breaking down, or weaker demand,” Maher said. U.S. President Donald Trump is threatening to impose sanctions on Iran less than two years after they were lifted under a 2015 deal between Tehran and leading world powers following Iran’s agreement to suspend its disputed nuclear programme.

In Venezuela, an OPEC-member with huge oil reserves, an economic and political crisis is threatening production, and the government is also at loggerheads with the Trump administration.

With rising U.S. production undermining OPEC’s efforts to tighten the market, inventories remain high.

In fact, U.S. crude stocks rose by 3.1 million barrels to 468.5 million barrels last week, according to industry group the American Petroleum Institute (API).

Official U.S. fuel inventory data is due to be published on Thursday by the Energy Information Administration (EIA). “Our updated global supply-demand balance indeed shows peak stock draws in 3Q17,” Goldman Sachs said in a note to clients.

The U.S. bank said that current oil supply and demand fundamentals meant it expects Brent to average $58 per barrel in 2018. Reporting by Henning Gloystein; Editing by Kenneth Maxwell
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  11/10/20172017-10-11
Word count:  454

SINGAPORE (Reuters) - Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $51.06 per barrel at 0523 GMT, up 14 cents, or 0.3 percent, from their last settlement. Prices rose 2 percent the day before to back above $50 a barrel.

Brent crude futures LCOc1, the international benchmark for oil prices, were at $56.69, up 8 cents, or 0.1 percent, from their last close. Brent also rose 2 percent the previous day.

Traders said they would look to U.S. fuel inventory data on Wednesday and Thursday for indicators on price direction.

A U.S. federal holiday on Monday delayed the release of weekly inventory numbers by a day. The American Petroleum Institute (API) is scheduled to release its data for last week at 2030 GMT on Wednesday, and the U.S. Department of Energy’s report is due Thursday.

Overall, analysts said short-term conditions were tightening.

“We...raise our Q1 2018 (Brent) price forecast by $5 per barrel to $56,” Barclays bank said. “Inventory draws will likely cause the market to refocus on geopolitical risks and low levels of spare capacity.”

Price support is also coming from economic growth, which the International Monetary Fund forecast late on Tuesday would be 3.6 percent globally this year and 3.7 percent for 2018.

Brent has so far averaged $52.70 per barrel this year. By the end of the year, Barclays said it expected Brent to have averaged around $53 per barrel.

Despite this, Barclays said oil could dip again in 2018, with second-quarter 2018 Brent likely to fall back to $48 a barrel, thanks largely to rising global output.

A pact between the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia to cut output by 1.8 million barrels per day (bpd) in order to prop up prices is due to expire by the end of March 2018.

Discussions to extend the pact are taking place, but production elsewhere is rising.

“It has...been a tricky year for OPEC,” said Lukman Otunuga, analyst at futures brokerage at FXTM. “Although Saudi Aramco plans to make ‘the deepest customer allocation cuts in its history’ by cutting 560,000 bpd next month, its impact could be diluted if the U.S. shale producers see this as a Christmas gift.”

U.S. producers are not participating in any pledge to restrain supply, and output has risen by 10 percent this year to over 9.5 million bpd. C-OUT-T-EIA

Speaking in an interview at the Reuters Global Commodities Summit, Ian Taylor, chief executive of top oil trader Vitol, said on Tuesday that U.S. output would climb by another 0.5 million to 0.6 million bpd next year before flattening out.

Overall, Taylor said, markets were “boringly rangebound” and that “margins are very, very tight”.

For other news from the Reuters Global Commodities Summit, click here

Reporting by Roslan Khasawneh and Henning Gloystein; Editing by Kenneth Maxwell and Christian Schmollinger  
Comments:

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SIVAJOTHI GNANATHEEVAM
5 days ago

Business News

Business News
Released:  11/10/20172017-10-11
Word count:  224

BRUSSELS (Reuters) - The European Union is seeking to reopen its embassy in Libya pending security conditions, officials said on Tuesday, offering further political support for the Tripoli government struggling to establish control.

Play
Reuters
EU leaders will announce at their summit in Brussels on Oct. 19-20 that they “encourage work underway to rapidly establish a permanent EU presence in Libya”, according to their draft joint statement seen by Reuters.

But the statement makes clear no such move is imminent as it would be conditional on improving the security situation on the ground.

The EU moved its mission to neighbouring Tunisia in mid-2014 as security worsened in Libya amid escalating fighting between rival factions since the 2011 fall of longtime leader Muammar Gaddafi, ousted by rebels during a NATO bombing campaign.

Of 28 EU states, only Italy, Libya’s former colonial master and still the most influential European state on the ground, has an embassy in the country, where the United Nations has officially recognised the government of Fayez Seraj.

The EU has also engaged increasingly with Seraj, especially as it sought Libya’s help in curbing the flow of African refugees and migrants, hundreds of thousands of whom have been boarding smugglers’ boats on the coast of the lawless state to cross the Mediterranean for Europe.

The bloc has financed, equipped and trained Libya’s border and coast guards, despite rights groups sounding alarm over grave abuses refugees and migrants suffer in Libya.

Reporting by Gabriela Baczynska in Brussels; additional reporting by Aidan Lewis in Tunis; editing by Peter Graff  
Comments:

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SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  10/10/20172017-10-10
Word count:  415

SINGAPORE (Reuters) - Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $49.66 per barrel at 0442 GMT, up 8 cents, or 0.2 percent, from their last close.

Brent crude futures LCOc1, the international benchmark for oil prices, were up 7 cents, or 0.1 percent, at $55.86 a barrel. Traders said prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.

“There is clear evidence that the market is rebalancing,” OPEC’s secretary general Mohammad Barkindo told Reuters on Monday. “The process of global destocking continues, both onshore and offshore, with positive developments in recent months showing not only a quickening of the process but a massive drainage of oil tanks across all regions,” he said.

OPEC has led an effort to cut output to end years of overproduction that created a huge supply overhang.

Tighter market conditions are reflected in the shape of the Brent crude forward curve <0#LCO:>, which has flipped from contango - when future deliveries are priced higher than those for immediate sale - into backwardation, when it is more profitable to sell oil promptly than storing it for sale later.

STRONG DEMAND

The OPEC-led production cuts started in January and are set to expire at the end of March 2018. There have been talks about extending the curbs, but no formal agreement has been reached.

JP Morgan said that previous “concerns that OPEC compliance would fade into the fourth quarter now appear unfounded”, and that “stronger than assumed economic growth offers the potential for tight market conditions to continue if OPEC extends the current deal for another nine months”.

The bank also said political disputes between the United States and Iran could drive oil prices higher. Short-term price support was also coming from the United States, where 85 percent of U.S. Gulf of Mexico oil production, or 1.49 million barrels a day, was offline following Hurricane Nate, according to the U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement late on Monday.

Oil companies evacuated staff from Gulf platforms and curtailed output ahead of the storm, which hit the region last weekend. Traders said they did not expect the disruptions to last long.

“Units that were shut down as a precautionary measure in the advent of Tropical storm Nate have commenced restarting of operations. Not much damage appears to have been done,” said Sukrit Vijayakar, managing director of consultancy Trifecta.

Reporting by Henning Gloystein; Editing by Joseph Radford and Tom Hogue
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

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SIVAJOTHI GNANATHEEVAM
5 days ago

Business News

Business News
Released:  10/10/20172017-10-10
Word count:  313

Foreign experts are helping to reopen Benghazi’s Hawari cement factories. The British consultants met with the city’s Mayor Abdelrahman Al-Abaar last week in talks on restarting the stalled factories.

Play
Libya herald
Work is to start on demining work on the premises and its surroundings together with an assessment of the huge damage caused by the extensive fighting that took place in and around the factory.

Abaar said that his Municipality will give its full support in restarting the factories which he considered as an important part of reigniting economic activity in Benghazi and Libya as a whole.

Plans to rebuild and reopen the two cement factories in Benghazi’s Hawari district had been announced by owners, the Libya Cement Company (LCC) in May this year.

The plants had closed in mid-2014 when fighting in the area between Hafter’s Libyan National Army and militants started. For almost two years, the militants effectively controlled the area and it was not until April last year that the cement works were finally recaptured.

At a recent general meeting of LCC, held in Amman, Jordan, the chairman of its parent Joint Libyan Cement Company (JLCC), Ahmed Ben Halim, said that full priority was being given to getting the Benghazi plants operational again.

However, he acknowledged that this would not be easy given that the two factories were damaged in fighting in March-April 2016.

An LCC statement had reported that investigations had shown the damage to be significant and that extensive re-building will be necessary. It will take at least a year before they can return to production, during which time the site will have to be made safe, new machinery and parts brought in, new skilled construction workers found and necessary utilities such as electricity and gas restored, the report had said.

LCC is 90-percent owned by the Joint Libyan Cement Company (JLCC), itself a joint venture between Asamar Libya and the Economic and Social Development Fund (ESDF). Asamer Libya was bought two years ago from the Austrian parent company, Asamer, by Libya Holdings Group, headed by Ben Halim.
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago

Oil & Gas News

Oil & Gas News
Released:  09/10/20172017-10-09
Word count:  333

SINGAPORE (Reuters) - Oil prices edged up on Monday, after a 2 percent slide on Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped.

Play
Reuters
Oil ports, producers and refiners in Louisiana, Mississippi and Alabama, which shut facilities ahead of Hurricane Nate, were planning to reopen on Monday as the storm moved inland, away from most energy infrastructure on the U.S. Gulf Coast.

U.S. West Texas Intermediate (WTI) front-month crude futures were trading at $49.48 per barrel at 0436 GMT, up 19 cents, or 0.4 percent, from their last close.

Brent crude futures, the international benchmark for oil prices, were up 16 cents, or 0.3 percent, at $55.78 a barrel.

Oil tumbled by around 2 percent on Friday, with WTI dipping back below $50 per barrel, as concerns of overproduction re-surfaced. But analysts said on Monday that a Saudi Arabian commitment to support the market by restraining output would prevent crude from falling further.

“We remain fairly confident that the Saudi’s will look to continue to support the oil market, especially until the sale of Aramco,” said Shane Channel, equity and derivatives adviser at ASR Wealth Advisers.

State-owned oil giant Saudi Aramco is planning to float around 5 percent of the firm in an initial public offering next year. A reported cut in the number of U.S. oil rigs drilling for new production provided some price support.

The oil rig count fell by two to 748 in the week to Oct 6, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday.

Trading activity was low on Monday due to the Columbus Day federal holiday in the United States though markets are open. As a sign of the more positive sentiment in the market, hedge funds and money managers raised their bullish bets on U.S. crude futures for the third week in a row, the U.S. Commodity Futures Trading Commission reported on Friday.

The speculator group raised its combined futures and options position in WTI on the NYMEX and ICE markets by 3,211 contracts to 288,766 in the week to Oct. 3, its highest since mid-August, the data showed.

Reporting by Henning Gloystein; Editing by Neil Fullick and Christian Schmollinger
Comments:

We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

SIVAJOTHI GNANATHEEVAM
5 days ago
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