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
1 month 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
2 months 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
4 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
8 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
8 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
9 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
10 months ago

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

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

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

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

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

Anonymous
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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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
1 years 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

Business News

Business News

The Libyan dinar kept its gains over the last week on the prospect of more hard currency being released into the Libyan market starting next week.

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Libya herald
The US dollar had been selling at a peak of LD 9.80 towards the end of 2017 and fell sharply to LD 8.25 last week. It lost more value in early trading today, down to LD 8.20.

A Tripoli-based black-market hard currency trader today told Libya Herald, on the basis of anonymity, that ‘‘the dollar has lost value against the dinar because of the expectation that more dollars are going to be available on the market. Therefore, we are expecting demand for the dollar on the black market to fall further’’.

‘‘The Central Bank of Libya (CBL) had already announced last year that it was increasing the annual family dollar allowance from US$ 400 to US$ 500. It is going to start distributing it tomorrow (Monday 15 January). This has gained the dinar more value on the anticipation of more supply on the market. These will add billions onto the market’’, he explained.

Moreover, ‘‘The CBL has approved about 1.5 bn of Letters of Credit, again reducing demand for the dollar, but also the CBL has changed policy by accepting all 100 percent of the payment for LCs by cheque. Previously 30 percent of any LC had to be deposited in cash. Thats quite a difference’’, he added.

‘‘But generally, there is less demand for hard currency anyway. People are running out of cash and money generally in order to buy any hard currency. People may have money in their bank accounts, but the cash-crisis means they cannot access their money to buy dollars even if they wanted to’’.

‘‘Remember, there is a 50 percent surcharge on paying by cheque. That is too steep for many potential dollar buyers. So demand for dollars is falling too’’, the black-market trader explained.

Looking forward the trader went as far as to forecast that ‘‘the dollar would continue to fall in value as the effects of the LCs and the family allowance kick into the market’’.

‘‘I expect the dollar to fall down to as low as LD 7.90 over the coming weeks, if nothing (politically) major (that is negative) happens’’.

But he also admitted that ‘‘politically there is less tension in the air with no obvious incidents to worry the market’’.

It will also be recalled that the CBL had released relatively positive economic news

showing an end to the balance of trade deficit, control over state-sector salaries and a reduction of the overall annual budget deficit for 2017.

Equally, on the political side, there is a general anticipation of what the planned 2018 elections might bring in the coming year.
Comments:

Oil & Gas News

Oil & Gas News
Released:  15/01/20182018-01-15
Word count:  224

SINGAPORE (Reuters) - Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $70 per barrel at 0558 GMT, up 13 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $64.53 a barrel, up 23 cents.

Both benchmarks last week reached levels not seen since December 2014, with Brent touching $70.05 a barrel and WTI reaching as high as $64.77.

ANZ bank said on Monday oil prices had recently risen on data that continued to show the market is tightening.

Oil markets have been well supported by production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia which are aimed at propping up crude prices.

The cuts started in January last year and are set to last through 2018, and they have coincided with healthy demand growth, pushing up crude prices by more than 13 percent since early December.

But other factors, including political risk, have also supported crude.

“Tighter fundamentals are (the) main driver to the rally in prices, but geopolitical risk and currency moves along with speculative money in tandem have exacerbated the move,” U.S. bank JPMorgan said in a note.

Attracted by tighter supplies and strong consumption, financial investors have raised their net long U.S. crude futures positions, which would profit from higher prices, to a new record, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
Comments:

Oil & Gas News

Oil & Gas News
Released:  11/01/20182018-01-11
Word count:  366

SINGAPORE (Reuters) - Oil inched away from three-year highs on Thursday on signs that a 13-percent rally since early December may have run its course, although a surprise drop in U.S. production and lower crude inventories offered prices some support.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures were at $63.50 a barrel at 0529 GMT, 7 cents below their last settlement, but still close to a December-2014 high of $63.67 per barrel reached the previous day.

Brent crude futures were at $69.10 a barrel, 10 cents below their last finish, albeit also still close to the previous day’s peak of $69.37 a barrel - the highest level since an intra-day spike in May 2015.

“In Q1, the balance of risk to Brent lies to the downside, with prices overheating, record net-length built into the futures market and fundamentals set to weaken seasonally,” BMI Research said in a note.

The mounting downward pressure on prices is also showing in the physical oil market, where OPEC’s No.2 and No.3 producers, Iran and Iraq, this week cut their supply prices to remain competitive with customers.

Oil markets have so far been generally supported by a production cut led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia that started in January last year and is set to last through 2018.

More immediate price support came overnight from the United States, where crude inventories fell almost 5 million barrels in the week to Jan. 5, to 419.5 million barrels.

That’s slightly below the five-year average of just over 420 million barrels.

U.S. production fell 290,000 barrels per day to 9.5 million bpd, the EIA said, foiling expectations of U.S. output breaking through 10 million bpd. AMPLE FUEL

Despite this, more bearish signals are appearing. Fuel inventories in Asia and the United States remain ample, and in some cases are rising.

U.S. gasoline stocks rose 4.1 million barrels, EIA data showed, more than expected.

In Asia’s oil trading hub Singapore, average refinery profit margins have fallen below $6 per barrel this month, their lowest seasonal level in five years, resulting in lower feedstock crude orders.

With the crude price up by more than 13 percent since early December, some analysts expect a downward price correction following the recent bull-run.

“Markets are getting a bit fatigued, and a healthy correction could be on the cards,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore.

Reporting by Henning Gloystein; Editing by Richard Pullin and Joseph Radford
Comments:

Oil & Gas News

Oil & Gas News
Released:  10/01/20182018-01-10
Word count:  424

SINGAPORE (Reuters) - Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.

Play
Reuters
A broad global market rally, including stocks, has also been fuelling investment into crude oil futures. [MKTS/GLOB]

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.47 a barrel at 0405 GMT - 51 cents, or 0.81 percent, above their last settlement. They marked a December-2014 high of $63.53 a barrel in early trading.

Brent crude futures LCOc1 were at $69.19 a barrel, 37 cents, or 0.54 percent, above their last close. Brent touched $69.29 in late Tuesday trading, its strongest since an intra-day spike in May 2015 and, before that, in December 2014.

“The extension of the OPEC agreement ... and declining inventories are all helping to drive the price higher,” said William O‘Loughlin, investment analyst at Australia’s Rivkin Securities.

In an effort to prop up prices, the Organization of the Petroleum Exporting Countries (OPEC) together with Russia and a group of other producers last November extended an output cut deal that was due to expire in March this year to cover all of 2018.

The cuts, which have mostly targeted Europe and North America, were aimed at reducing a global supply overhang that had dogged oil markets since 2014.

The American Petroleum Institute said late on Tuesday that crude inventories fell by 11.2 million barrels in the week to Jan. 5, to 416.6 million barrels.

Official U.S. Energy Information Administration data is due at 1530 GMT on Wednesday. OVERHEATED?

Amid the general bull-run, which has pushed up crude prices by more than 13 percent since early December, there are indicators of an overheated market.

In the United States, crude oil production C-OUT-T-EIA is expected to break through 10 million barrels per day (bpd) this month, reaching levels only Russia and Saudi Arabia have achieved.

In Asia, the world’s biggest oil consuming region, refiners are suffering from high prices and ample fuel supplies.

“One area of concern, particularly in Asia, is that of (low) refining margins ... This drop in margins could reduce Asian refiners’ demand for incremental crude in the near term and weigh on global prices,” said Sukrit Vijayakar, director of energy consultancy Trifecta.

Average Singapore refinery margins DUB-SIN-REF this week fell below $6 per barrel, their lowest seasonal value in five years, due to high fuel availability but also because the recent rise in feedstock crude prices dented profits.

Asian oil prices are higher than in the rest of the world.

While Brent and WTI are still below $70 per barrel, the average price for Asian crude oil grades has already risen above that level, to $70.62 per barrel, Thomson Reuters Eikon data showed.

Reporting by Henning Gloystein, additional reporting by Roslan Khasawneh; Editing by Joseph Radford
Comments:

Business News

Business News
Released:  09/01/20182018-01-09
Word count:  215

TUNIS (Reuters) - Libya’s National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible.

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Reuters
The NOC said in a statement that the arbitration cases, which date to 2013, had been settled in its favor at the International Chamber of Commerce in Paris.

The Ras Lanuf Oil and Gas Processing Company (RASCO), an NOC subsidiary, welcomed the announcement. The rulings “coincide with preparations by the Ras Lanuf company to resume operations in the second half of 2018”, a statement posted on a Facebook page used by the company said.

One of the cases had been brought by the Libyan Emirati Refining Company (LERCO), the owner and operator of the refinery, and was decided on Jan. 5, the NOC said. It said the ruling had awarded the NOC nearly $116 million plus interest.

The second case had been brought by TRASTA, owned by Emirati group Al Ghurair, and a ruling last November forced TRASTA to withdraw its case, the NOC said. LERCO is a joint venture between the NOC and TRASTA.

“From now the NOC will be engaged in taking the necessary measures to implement the final arbitration ruling ... and restart the refinery as soon as possible,” the NOC statement quoted its Chairman Mustafa Sanalla as saying.

“We ask TRASTA and LERCO to comply fully with their contractual obligations.”

Reporting by Ahamad Ghaddar, Aidan Lewis and Ayman al-Warfalli; Editing by Jane Merriman and Alison Williams
Comments:

Oil & Gas News

Oil & Gas News
Released:  08/01/20182018-01-08
Word count:  235

SINGAPORE (Reuters) - Oil prices firmed on Monday on the back of a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $61.61 a barrel at 0209 GMT, 17 cents, or 0.3 percent, above their last settlement, and not far off the $62.21 May 2015 high reached last week.

Brent crude futures LCOc1 were at $67.74 a barrel, 12 cents, or 0.2 percent, above their last close. Brent hit $68.27 high last week, the highest since May 2015.

Traders said the gains were due to a slight decline in the number of U.S. rigs drilling for new production, which eased by five in the week to January 5, to 742, according to data from oil services firm Baker Hughes.

Despite this, U.S. production C-OUT-T-EIA is expected to break through 10 million barrels per day (bpd) very soon, largely thanks to soaring output from shale drillers. Only top producers Russia and Saudi Arabia produce more.

Rising U.S. production is the main factor countering production cuts led by the Middle East dominated Organization of the Petroleum Exporting Countries (OPEC) and by Russia, which began in January last year and are set to last through 2018.

Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore, said “the OPEC vs shale debate will rage” this year, being a key price driving factor.

However, Innes added that Middle East turmoil would remain a key focus for oil markets, which he warned had the potential to “send oil prices rocketing higher”.

Reporting by Henning Gloystein; editing by Richard Pullin
Comments:

Business News

Business News
Released:  05/01/20182018-01-05
Word count:  399

SINGAPORE (Reuters) - Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring production in the United States undermined the 10 percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $61.92 a barrel at 0313 GMT, 9 cents below their last close though still near to the $62.21 high reached the previous day that was the most since May 2015.

Brent crude futures LCOc1 were at $67.96 a barrel, 11 cents below their last settlement, but still not far off the $68.27 high from the day before, also the highest since May 2015.

Traders said political tensions in Iran, third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), had pushed prices higher.

“The protests in Iran add more fuel to the already bullish oil market mood,” said Norbert Ruecker, head of commodity research at Swiss bank Julius Baer.

Oil prices have received general support by production cuts led by OPEC and by Russia, which started in January last year and are set to last through 2018, as well as by strong economic growth and financial markets. [MKTS/GLOB]

This has helped tighten markets. U.S. commercial crude inventories C-STK-T-EIA fell by 7.4 million barrels in the week to Dec. 29, to 424.46 million barrels, according to data from the Energy Information Administration (EIA).

That is down 20 percent from their historic peaks last March and close to the five-year average of 420 million barrels. CAN THE BULL-RUN LAST?

Yet given Iran’s oil production has not been affected by the unrest, and that U.S. production C-OUT-T-EIA will likely break through 10 million barrels per day (bpd) soon, a level so far only reached by Saudi Arabia and Russia, doubts are emerging whether the bull-run can last.

“Prices above $60 per barrel project an overly rosy picture, so we see near-term downside,” Ruecker warned.

“Oil production disruptions (in Iran) remain a very distant threat ... Disruptions in the North Sea have been removed with the Forties Pipeline system having resumed full operations. U.S. oil production surpassed the 2015 highs in October and is set to climb to historic highs this year,” he said.

Lukman Otunuga, analyst at futures brokerage FXTM, struck a similarly cautious tone.

“Oil started the New Year on an incredibly bullish note ... in part due to ongoing tensions in Iran ... (and) over OPEC’s supply cut rebalancing the markets,” he said.

“While the current momentum suggests that further upside is on the cards, it must be kept in mind that U.S. shale remains a threat to higher oil prices.”

Reporting by Henning Gloystein; Editing by Richard Pullin and Christian Schmollinger
Comments:

Business News

Business News
Released:  04/01/20182018-01-04
Word count:  296

SINGAPORE (Reuters) - Oil prices on Thursday hit fresh two-and-a-half year highs and were at levels last seen at the start of the commodity slump in 2014/2015, with markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.

Play
Reuters
Prices were also buoyed by Asia’s stock markets, which flirted with 10-year highs on Thursday amid strong data from leading economies including the United States, Japan and Germany.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.10 a barrel at 0445 GMT, up 47 cents, or 0.8 percent, from their last close. They hit $62.14 shortly before, the highest level since May 2015.

Brent crude futures LCOc1 - the international benchmark for oil prices - were at $68.13 a barrel, up 29 cents, or 0.4 percent, after hitting a May-2015 high of $68.16 shortly before.

Beyond a brief intraday spike in May, 2015, these were the highest crude price levels since December, 2014, at the start of the oil price downturn.

Freezing weather in the United States has also spurred short-term demand, especially for heating oil.

“The market is clearly getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC’s third largest producer, is also helping to support the price as citizens are again protesting the government,” said by William O‘Loughlin, investment analyst at Australia’ Rivkin Securities.

Iran’s elite Revolutionary Guards have deployed forces to three provinces to put down anti-government unrest that has been ongoing for a week, their commander said on Wednesday.

In the United States, crude oil inventories fell by 5 million barrels in the week to Dec. 29 to 427.8 million barrels, industry group the American Petroleum Institute said on Wednesday.

Potentially undermining the trend towards tighter market conditions is U.S. oil production C-OUT-T-EIA, which has risen by almost 16 percent since mid-2016, hitting 9.75 million barrels per day (bpd) at the end of last year.

Official U.S. Energy Information Administration (EIA) storage and production data is due on Thursday.

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

Oil & Gas News

Oil & Gas News
Released:  03/01/20182018-01-03
Word count:  368

SINGAPORE (Reuters) - Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.40 a barrel at 0141 GMT, up 3 cents from their last close, and not far off the $60.74 June 2015 high reached the previous day.

Brent crude futures LCOc1 - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.

Despite this, there were indicators that markets had overshot in the last days of 2017 and trading this year, as U.S. production is set to rise further and doubts are emerging about whether demand growth can continue at current levels.

Ole Hansen, head of commodity strategy at Denmark’s Saxo Bank warned that ”multiple but temporary supply disruptions“ like the North Sea Forties and Libyan pipeline outages (and) protests across Iran ... helped create a record speculative long bet.”

With the pipeline outages resolved and the protests in Iran showing no signs of impacting its oil production, Hansen said there was potential for a price downturn in early 2018, especially due to rising U.S. output.

“It is only a matter of time before the 10 million barrel per day (bpd) production target will be reached,” Hansen said.

U.S. oil production C-OUT-T-EIA has risen by almost 16 percent since mid-2016, hitting 9.75 million bpd at the end of last year.

There was also some concern that output by Russia, the world’s biggest oil producer and one of the key drivers together with the Organization of the Petroleum Exporting Countries (OPEC) in cutting supplies, was in fact not falling.

As part of the supply cut deal, Russia pledged to reduce its output by 300,000 bpd from the 30-year monthly high of 11.247 million bpd hit in October 2016, which it achieved by the second quarter of 2017, according to Russian energy ministry data.

For the whole of 2017, however, Russian output rose to an average output of 10.98 million bpd, compared with 10.96 million bpd in 2016 and 10.72 million bpd in 2015.

“We also have some concerns about the Chinese economy in 2018 that ultimately could lead to lower than expected demand growth,” Hansen said.

“By year-end we see Brent crude at $60 per barrel with WTI three dollars lower at $57 per barrel.”

Reporting by Henning Gloystein; editing by Richard Pullin
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
1 week ago

Oil & Gas News

Oil & Gas News
Released:  02/01/20182018-01-02
Word count:  382

SINGAPORE (Reuters) - Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.61 a barrel at 0423 GMT, up 19 cents, or 0.3 percent, after hitting $60.73 earlier in the day, ther highest since June 2015.

Brent crude futures LCOc1, the international benchmark, were at $67.12 a barrel, up 25 cents, or 0.4 percent, after hitting a May 2015 high of $67.27 a barrel earlier in the day.

It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel.

“Growing unrest in Iran set the table for a bullish start to 2018,” the U.S.-based Schork Report said in a note to clients on Tuesday.

Anti-government protesters demonstrated in Iran on Sunday in defiance of a warning by authorities of a crackdown, extending for a fourth day one of the most audacious challenges to the clerical leadership since pro-reform unrest in 2009.

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish.

“Falling inventories globally and strong economic growth offset the restart of the Forties pipeline and the resumption of production following a pipeline outage in Libya,” said Jeffrey Halley, senior market analyst at futures brokerage Oanda in Singapore.

The 450,000 barrels per day (bpd) capacity Forties pipeline system in the North Sea returned to full operations on Dec. 30 after an unplanned shutdown.

Oil markets have been supported by a year of production cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) and Russia. The cuts started in January 2017 and are scheduled to cover all of 2018.

U.S. commercial crude oil inventories have fallen by almost 20 percent from their historic highs last March, to 431.9 million barrels.

Strong demand growth, especially from China, has also been supporting crude.

“We would not be surprised to see a further (oil price) rise,” said Sukrit Vijayakar, director of energy consultancy Trifecta.

Only rising U.S. production, which is on the verge of breaking through 10 million bpd, is somewhat hampering the outlook into 2018.

“The higher prices are expected to stoke U.S. shale output,” O‘Loughlin said.

U.S. oil production C-OUT-T-EIA has risen by almost 16 percent since mid-2016, to 9.75 million bpd at the end of last year.

However, consultancy Rystad Energy said “U.S. crude oil production capacity has reached 10 million barrels per day.”

Reporting by Henning Gloystein; editing by Richard Pullin
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
1 week ago

News Releases

News Releases
Released:  01/01/20182018-01-01

LibyaBusiness.tv team hopes you have a happy new year.

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LBTV Team
*
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
1 week ago

Oil & Gas News

Oil & Gas News
Released:  29/12/20172017-12-29
Word count:  415

SINGAPORE (Reuters) - U.S. oil prices hit their highest levels since mid-2015 on the final trading day of the year as an unexpected fall in American production and a fall in commercial crude inventories stoked buying.

Play
Reuters
In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.30 a barrel at 0504 GMT, up 46 cents or 0.8 percent from their last close, the highest since June 2015.

Brent crude futures LCOc1 - the international benchmark - were also up, rising 45 cents or 0.7 percent to $66.61 a barrel. Brent broke through $67 earlier this week for the first time since May 2015.

Since the start of the year, Brent and WTI have risen by 17 and 12 percent, respectively, although the price rises from mid-2017 are much stronger, at nearly 50 percent.

Friday’s WTI price rises were driven by a surprise drop in U.S. oil production C-OUT-T-EIA, which last week dipped to 9.754 million barrels per day (bpd), down from 9.789 million bpd the previous week, according to data from the Energy Information Administration (EIA) released late on Thursday.

U.S. output is still up by almost 16 percent since mid-2016, but most analysts had expected production to break through 10 million bpd by the end of this year - a level only surpassed by top exporter Saudi Arabia and top producer Russia.

WTI prices were further boosted by a fall in U.S. commercial crude storage levels, which dropped by 4.6 million barrels in the week to Dec. 22 to 431.9 million barrels, according to the EIA.

Inventories are now down by almost 20 percent from their historic highs last March, and well below this time last year or in 2015. A YEAR OF CUTS

In international markets, China has issued crude oil import quotas totalling 121.32 million tonnes for 44 companies in its first batch of allowances for 2018.

Based on total expected quotas, China’s imports - which at around 8.5 million bpd are already the world’s biggest - are expected to hit another record in 2018 as new refining capacity is brought online and Beijing allows more independent refiners to import crude.

On the supply side, Brent prices have been supported by a year of production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia. The cuts started last January and are scheduled to cover all of 2018.

Pipeline outages in Libya and the North Sea have also been supporting oil prices, although both these disruptions are expected to be resolved by early January.

Consultancy JBC Energy said the Libyan pipeline outages had “no major impact on exports”.



Reporting by Henning Gloystein; Editing by Kenneth Maxwell and Richard Pullin
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
1 week ago

Business News

Business News

The Main Tender Committee of the Arabian Gulf Oil Company desires to release the following project: -

Play
NOC

 

 

 

No.

MTC No.

Projects Title

Booklet price

1

MTC-17/2017

Construction of field accommodation blocks at Hamada Field

1000L.D

 

Description:

 

The bidder/contractor shall be responsible for the complete design, construction works including labour, equipment and material supply, according to AGOCO procedure in ‘Turnkey’ basis

Scope of work

This project includes design, procurement, construction, furniture, fixtures and equipment, ready for use.

Construction of three (3) buildings

With one storey and reinforced concrete structure.

For each building: size 49.40m*15.20m and 3.0 highest, to accommodate the following partitions:

  • 20 single bed rooms with kitchenette
  • 20 in-suite bathroom
  • 1 storage room
  • 1 mechanical room
  • 1 electrical room office

Under ground and overhead water tank, septic tank and building access walkway

 Bidding procedure:

 

All specialized companies which have the true desire to participate in this tender, and have the efficiency, ability, previous experience and specialized in the above mentioned field, please be informed that tender documents shall be withdrawn during the period from: (Day: Tuesday, Corres. To: 12/12/2017 A.D to Day: Tuesday, Corres. To: 26/12/2017 A.D), (from: 12:00 P.M   to: 14:00 P.M) through a direct delivery to their representatives who have to fill a form on the date of delivery, upon an amount of money of one thousand (1000) L.D paid through non-refundable certified cheque issued by one of the working Libyan banks, for the benefit of the Arabian Gulf Oil company.

 

  • Prepare and submit by post or a direct delivery the below listed documents (Requirements) to the Main Tender Committee (MTC) of AGOCO.           

Bidding Requirements(Provided by all applicants)

                     

  1. A copy of work license. (Valid)
  2. A copy of a recent Commercial Record Extract. (Valid)
  3. A copy of record certificate of the Chamber of Commerce. (Valid) and financial file
  4. A proof of tax payment. (Valid).
  5. A copy of the decree of formation.
  6. A copy of the basic structure.
  7. A copy of a partnership agreement (if any)- if the company had incorporated or joined another legal person - certified by the local competent authorities or by those at the state headquarters-If the other party in the partnership agreement is a foreigner and approved by the Libyan embassy at the State Headquarters.
  8. Work permission from the competent ministry for the foreign companies.
  9. The applicant’s qualification and previous experience, supported with documents of the related field, including copies of the handing –over minutes of projects executed for the interested bodies.
  10. The participant, if accepted, shall facilitate the field visit procedures to his company’s headquarter for the Arabian Gulf Oil company representatives who authorized to examine all his available material and human capabilities.

Offers Submission:

 The Tender should be submitted through a direct delivery or by courier in (4) separated envelopes, closed with red sealing wax and with the stamp of the bidder, writing clearly the name of the project, the bid number and the name of the participating Body on each envelope.

 

  1. The first envelope should include a priced financial proposal (original + 1 copy)
  2. The second envelope should contain an un-priced financial proposal without price (original + 1 copy) (do not mention the price); otherwise, it will be rejected and has to contain the required financial conditions and the required method of payment, with the necessity to agree on all AGOCO general terms and conditions.
  3. The third envelope includes a technical proposal (original + 3 copies). As well as the validity of the proposal shall be three months at least from the closing date stated in this announcement. (Plus an electronic copy of the technical proposal ONLY).
  4. The forth should contain a Bid Bond (a preliminarily guarantee in separate closed envelope).

The Contractor shall be at his own expense obtain and maintain for the Company a bid Bond in an amount equal 0.5% of the submitted proposal value Such Bond shall be established as an irrevocable, Certified cheque or unconditional and confirmed Letter of Guarantee or Stand-by Letter of Credit through a First Class Libyan bank or through a First Class European Bank confirmed and advised to the Company through Libyan Foreign Bank (LFB)-Tripoli, or through British Arab Commercial Bank (BACB)-London. (Bid bond is automatically revalidated). Bid Bond should be valid for at least 60 days after offer dead-end.

Note:

  • The Bid Bond is rewind to those who were not successful in the tender.

The successful bidder has to secure a performance guarantee of 10 % which is payable for a year from provisional certificate of completion issue date; and within 30 days from formal success notification.

The proposals shall be submitted during the official working hours to the main Tender Committee at the Arabian Gulf Oil company Headquarter- Alkeish- Benghazi- B.O. box 263 the dead line is: (Time: 14:00 P.M Day Tuesday, corresponding to: 23/01/2018 A.D)

  

Any proposal not complying with the above mentioned procedures shall not be accepted, i.e. any offer which does not comply with such tender, or not clearly reflects the ability of the bidder to execute the work in a required precision, shall be ignored, and the lower prices shall not be the only standard for winning the bid.

 

The Arabian Gulf Oil Company has the right to cancel the tender without stating the causes, as well as the Arabian Gulf Oil Company shall not bear any expenses incurred by the participant after the tender cancellation, taking into account that all offers and the attached document submitted by the participant in this tender will be owned by the Arabian Gulf Oil Company, 

 

For any inquiries, please, contact the main tender committee secretariat on the following address:

The Main Tender Committee–Office No. (4)-New building- The    Company's main headquarter - Alkiesh- Benghazi – Libya - P.O.box:263

Fax No.:218-61-2229006

Tel. No.: 218-061—2228931-44 –Ext.: 3883

Email address: mtc@agoco.ly

 

Note: All correspondence shall be addressed to the chairman of The Main Tender Committee of the Arabian Gulf Oil Company. 

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks 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 (14/2017) for supply and procure of (36’’ x 80 kms) sour service pipeline for (AMNA crude oil).

Play
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

 

  1. 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.
  2.  
  3. 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.

 

  1. ITT Package will be received (free of charge) to the bibbers via the written e mail mentioned in the consultant information from Tuesday 2018/01/09 To Thursday 11/01/2018, any request after this day will not be accepted.
  2. 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.
  3. 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:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News

The Main Tender Committee of the Arabian Gulf Oil Company desires to release the following project: -

Play
NOC

No.

MTC No.

Projects Title

Booklet price

1

MTC-36/2017

Supply and installation of c.p system for Tie-in of well No.G-312 at Nafoora field project No.N-26

1000L.D

Description:

 

Scope of work:

Supply and installation of Cathodic production system for tie in of well No G-312 in GOSP-4 area at Nafoora field C/W Supply and installation of all required & necessary materials for all Cathodic production works included a step down transformer (5KVA), surge arresters,16mm2 cable, Supply and installation of insulating flange(I/F) kits and spark gaps end and at the GOSP-4 manifold end with cathodic junction boxes, install a new deep ground bed about 150m, anode junction boxes, install crash barrier and all required cables to complete work.

Bidding procedure:

All specialized companies which have the true desire to participate in this tender, and have the efficiency, ability, previous experience and specialized in the above mentioned field, please be informed that tender documents shall be withdrawn during the period from: (Day: Sunday, Corres. To: 17/12/2017 A.D to Day: Sunday, Corres. To: 31/12/2017 A.D), (from: 12:00 P.M   to: 14:00 P.M) through a direct delivery to their representatives who have to fill a form on the date of delivery, upon an amount of money of one thousand (1000) L.D paid through non-refundable certified cheque issued by one of the working Libyan banks, for the benefit of the Arabian Gulf Oil company.

 

·        Prepare and submit by post or a direct delivery the below listed documents (Requirements) to the Main Tender Committee (MTC) of AGOCO.           

Bidding Requirements(Provided by all applicants)

                     

1.     A copy of work license. (Valid)

2.     A copy of a recent Commercial Record Extract. (Valid)

3.     A copy of record certificate of the Chamber of Commerce. (Valid) and financial file

4.     A proof of tax payment. (Valid).

5.     A copy of the decree of formation.

6.     A copy of the basic structure.

7.     A copy of a partnership agreement (if any)- if the company had incorporated or joined another legal person - certified by the local competent authorities or by those at the state headquarters-If the other party in the partnership agreement is a foreigner and approved by the Libyan embassy at the State Headquarters.

8.     Work permission from the competent ministry for the foreign companies.

9.     The applicant’s qualification and previous experience, supported with documents of the related field, including copies of the handing –over minutes of projects executed for the interested bodies.

10.                        The participant, if accepted, shall facilitate the field visit procedures to his company’s headquarter for the Arabian Gulf Oil company representatives who authorized to examine all his available material and human capabilities.

Offers Submission:

 The Tender should be submitted through a direct delivery or by courier in (4) separated envelopes, closed with red sealing wax and with the stamp of the bidder, writing clearly the name of the project, the bid number and the name of the participating Body on each envelope.

 

1.     The first envelope should include a priced financial proposal (original + 1 copy)

2.     The second envelope should contain an un-priced financial proposal without price (original + 1 copy) (do not mention the price); otherwise, it will be rejected and has to contain the required financial conditions and the required method of payment, with the necessity to agree on all AGOCO general terms and conditions.

3.     The third envelope includes a technical proposal (original + 3 copies). As well as the validity of the proposal shall be three months at least from the closing date stated in this announcement. (Plus an electronic copy of the technical proposal ONLY).

4.     The forth should contain a Bid Bond (a preliminarily guarantee in separate closed envelope).

The Contractor shall be at his own expense obtain and maintain for the Company a bid Bond in an amount equal 0.5% of the submitted proposal value Such Bond shall be established as an irrevocable, Certified cheque or unconditional and confirmed Letter of Guarantee or Stand-by Letter of Credit through a First Class Libyan bank or through a First Class European Bank confirmed and advised to the Company through Libyan Foreign Bank (LFB)-Tripoli, or through British Arab Commercial Bank (BACB)-London. (Bid bond is automatically revalidated). Bid Bond should be valid for at least 60 days after offer dead-end.

Note:

·     The Bid Bond is rewind to those who were not successful in the tender.

The successful bidder has to secure a performance guarantee of 10 % which is payable for a year from provisional certificate of completion issue date; and within 30 days from formal success notification.

The proposals shall be submitted during the official working hours to the main Tender Committee at the Arabian Gulf Oil company Headquarter- Alkeish- Benghazi- B.O. box 263 the dead line is: (Time: 14:00 P.M Day Monday, corresponding to: 01/02/2018 A.D)

  

Any proposal not complying with the above mentioned procedures shall not be accepted, i.e. any offer which does not comply with such tender, or not clearly reflects the ability of the bidder to execute the work in a required precision, shall be ignored, and the lower prices shall not be the only standard for winning the bid.

 

The Arabian Gulf Oil Company has the right to cancel the tender without stating the causes, as well as the Arabian Gulf Oil Company shall not bear any expenses incurred by the participant after the tender cancellation, taking into account that all offers and the attached document submitted by the participant in this tender will be owned by the Arabian Gulf Oil Company, 

 

For any inquiries, please, contact the main tender committee secretariat on the following address:

The Main Tender Committee–Office No. (4)-New building- The    Company's main headquarter - Alkiesh- Benghazi – Libya - P.O.box:263

Fax No.:218-61-2229006

Tel. No.: 218-061—2228931-44 –Ext.: 3883

Email address: mtc@agoco.ly

 

Note: All correspondence shall be addressed to the chairman of The Main Tender Committee of the Arabian Gulf Oil Company. 

 

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  25/12/20172017-12-25
Word count:  132

Tunis port has reopened to international shipping. It was closed two months ago on the orders of Field Marshal Khalifa Hafter, and foreign vessels ordered to use Benghazi instead.

Play
Libya herald
The decision to close was ostensibly made because of ineffective security controls at the port, corruption and smuggling.

The decision to reopen has also come from Hafter, according to the port’s security director, Colonel Abdussalam Younis. The closure, however, caused considerable anger in the town. Nor did it have any effect on reducing corruption.

Benghazi port, formally reopened at the beginning of October, was at the centre of a $8-million Letter of Credit scam last month when 40 containers were discovered containing not the goods they were supposed to have, but other cheaper ones. The fraud is now being investigated.

Since the reopening of Benghazi port, container unloading and storage security is now reported to be under the control of the Libyan National Army’s Military Authority for Investment and Public Works.

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  22/12/20172017-12-22
Word count:  386

SINGAPORE (Reuters) - Oil prices on Friday dipped away from some of its highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea.

Play
Reuters
The drop, though, came as crude future volumes declined rapidly as traders closed positions ahead of the upcoming Christmas and New Year breaks. U.S. West Texas Intermediate (WTI) crude futures were at $58.18 a barrel at 0544 GMT, down 18 cents, or 0.3 percent, from their last settlement.

Brent crude futures, the international benchmark for oil prices, were at $64.75 a barrel, down 15 cents, or 0.2 percent. Brent on Thursday ended at $64.90 a barrel, its highest close since June 2015. WTI has also been touching values not seen since mid-2015 over the past two months.

The dip on Friday was due to an outlook for rising supplies that triggered those holding long positions to sell-out ahead of the year-end holidays, traders said.

Also weighing on the market was the expected return of the 450,000 barrels per day (bpd) Forties pipeline system in the North Sea in January. The pipeline, which delivers crude underpinning Brent futures, was shut earlier this month due to a crack. Operator Ineos said on Thursday it expected to complete repairs around Christmas and to gradually restart the system in early January.

Longer term, analysts said crude production in the United States that is fast approaching 10 million bpd would also drag on oil prices, and undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to tighten the market.

“Supply is expected to grow further, paving the way to an oversupplied market, which can again exercise downward pressure on oil prices,” consultancy Rystad Energy said in a note.

Not all analysts expect a return of oversupply, though.

The OPEC-led pact to withhold supplies started in January this year, and the producer group and its allies decided in November to extend the cuts to cover all of 2018, instead of letting them expire next March, as had been planned.

The supply restraint has resulted in significant reductions of oil inventories and helped push up Brent prices by more than 45 percent since June this year.

“OPEC’s extension of its production cuts through the end of 2018 is a necessary condition for continued inventory drawdown,” U.S. investment bank Jefferies said.

Jefferies said it has raised its 2018 Brent forecast to $63 a barrel from $57, and its WTI forecast to $59 per barrel from $54, on expectations that the market will remain tight.

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

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  21/12/20172017-12-21
Word count:  354

SINGAPORE (Reuters) - Oil prices dipped on Thursday as soaring U.S. output, fast approaching 10 million barrels per day (bpd), outweighed a drop in American crude inventories.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures were at $58.02 a barrel at 0540 GMT, down 7 cents from their last settlement.

Brent crude futures, international benchmark for oil prices, were at $64.45 a barrel, down 11 cents.

Both crude benchmarks gained around 1 percent during their previous sessions, lifted by official data showing a 6.5 million-barrel fall in U.S. crude inventories in the week to Dec. 15 to 436 million barrels, the lowest level since October 2015.

Outweighing this on Thursday was another increase in American crude oil production, while a rise in gasoline stocks pointed to a slowdown in demand.

The energy minister of Saudi Arabia, the world’s top crude exporter and OPEC’s de-facto leader, said it would take more time to rein in a global supply overhang, which was created by strong global production increases in the years up to 2015.

“We expect the first few months of 2018 to be either flat or a build (in inventories) as it is typically the case with the seasonality with the oil market,” Khalid al-Falih told Reuters on Wednesday.

U.S. oil output is close to breaking through 10 million bpd, undermining efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to tighten the market through withholding supply this year and next.

U.S. crude production hit 9.79 million bpd last week, its highest since the early 1970s, the only time American output breached 10 million bpd.

This brings U.S. output close to that of top producers Saudi Arabia and Russia, which pump around 10 million and 11 million bpd, respectively.

Oil traders this week also eyed with interest the passing of a U.S. tax bill, which is seen to weigh on crude prices in the longer term.

“The passage of the U.S. tax bill is ... a bearish long-term development for oil and gas markets,” Barclays bank said.

“The policies ... are likely to reduce demand for gas and oil and raise supplies ... (as) the tax bill preserves renewable energy tax credits, a tax credit for EVs (electric vehicles), and opens up drilling in the Arctic National Wildlife Refuge.”

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

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  20/12/20172017-12-20
Word count:  331

SINGAPORE (Reuters) - Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $57.73 a barrel at 0312 GMT, up 17 cents, or 0.3 percent, from their last settlement.

Brent crude futures LCOc1, the international benchmark for oil prices, were at $63.91 a barrel, up 11 cents, or 0.17 percent. “Oil prices inched higher on expectations of another strong drawdown in U.S. inventories,” ANZ bank said. The American Petroleum Institute said on Tuesday that U.S. crude inventories fell by 5.2 million barrels in the week to Dec. 15 to 438.7 million.

Official U.S. government data from the Energy Information Administration (EIA) is due on Wednesday.

Oil prices have also been supported by the continuing outage of the Forties pipeline in the North Sea, which delivers crude underpinning Brent futures.

Operator Ineos hopes to be able to fix a crack in the pipeline, which can pump around 450,000 barrels per day of crude, within two to four weeks from Dec. 11.

Despite the North Sea outage and falling U.S. crude inventories, oil prices have remained some way off their $65.63 and $59.05 per barrel recent highs for Brent and WTI respectively.

Traders said rising U.S. crude production C-OUT-T-EIA, which has soared by 16 percent since mid-2016 to 9.8 million bpd, was capping prices. Most analysts expect U.S. output to break through 10 million bpd soon, which would be a new record and take it to levels on par with top exporter Saudi Arabia and close to top producer Russia, which pumps around 11 million bpd.

Georgi Slavov, head of research at commodity brokerage Marex Spectron, warned of a possible slowdown in oil consumption, which could put downward pressure on oil prices into 2018.

“Demand, which was the main reason to see oil at/above $60, has weakened ... But we continue to lean towards a mildly bearish macro environment for the period (Q1 2018) on the back of an anticipated slowdown in credit, persistently bearish energy intensity of key oil consuming economies and a seasonal decline in the manufacturing activity,” Slavov said.

Reporting by Henning Gloystein; Editing by Joseph Radford
Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago
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