اتفاقية في مجال التدريب بين ليبيا وبريطانية..

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Business News

Business News
Released:  24/04/20152015-04-24
Word count:  86

Ajdabiya’s Municipal Council has taken the first step toward the building of a new airport.

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Libya herald
After putting out a tender, the council has chosen a company called Rahla Engineering Consultants to do initial surveys on an area of land to the northwest of the town. The agreement envisages that the airport will be completed within 18 months.

This is one of a number large infrastructure projects on which the council says that it is currently working Building or upgrading roads, the soon-to-be-completed renovation of a clinic are among more than 50 projects, most of which are still awaiting budgetary approval by the councillors.
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Business News

Business News
Released:  24/04/20152015-04-24
Word count:  84

LONDON, April 21 (Reuters) - A cargo of 16,500 tonnes of Scottish barley is on its way to Libya, British farmers cooperative Openfield said on Tuesday, adding the vessel had been loaded in Aberdeen and would take about 12 days to reach the North African country.

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Reuters
There were no shipments of UK barley to Libya in the first eight months of the 2014/15 season, which started on July 1 last year, customs data showed.

Libya imported 80,790 tonnes of British barley during the 2013/14 season.

Political turmoil and a slump in oil revenues have disrupted grain imports to Libya.

The International Grains Council has forecast that Libya will import a total of 1.0 million tonnes of barley during the 2014/15 season, up from 700,000 tonnes in the prior season.

(Reporting by Nigel Hunt; editing by Jason Neely)  
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Oil & Gas News

Oil & Gas News
Released:  23/04/20152015-04-23
Word count:  277

(Reuters) - Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East.

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Reuters
Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh that it was ending its campaign of air strikes.

While Yemen itself is not among the biggest oil producers in the region, Gulf producers ship oil along the Gulf of Aden on Yemen's southern coast and through the narrow straits of Bab el-Mandeb, between Yemen and Djibouti. Oil prices have risen as much as $10 this month due to supply concerns in the region as well as signs of stronger global demand.

Brent crude for June delivery LCOc1 was up 32 cents at $63.05 a barrel by 0153 GMT, after settling 65 cents higher.

U.S. crude for June delivery CLc1 was trading 35 cents higher as $56.51 a barrel. The contract had closed 45 cents lower in the previous session.

The U.S. benchmark was weighed by Wednesday's government data showing crude stockpiles rose 5.3 million barrels last week, higher than the 2.9 million-barrel build expected by analysts in a Reuters survey. It was the 15th consecutive weekly build for crude stocks and pushed U.S. commercial inventories to a record peak.

The U.S. Energy Information Administration (EIA) also said that domestic oil production saw its third weekly decline last week in four.

But some experts said the weekly government data is misleading and that output probably hasn't started falling yet, despite a lower number of rigs drilling for oil.

Executives at the CERA industry gathering in Houston said that with costs of fracking a shale well in the United States falling faster than expected, producers could keep working in oilfields that just months ago looked uncompetitive after the oil price crash.

(Reporting By Jacob Gronholt-Pedersen; Editing by Michael Perry)
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Oil & Gas News

Oil & Gas News
Released:  23/04/20152015-04-23
Word count:  40

TRIPOLI, April 22 (Reuters) - Libya's Hariga port reopened on Wednesday after security guards ended a strike over salary payments, an oil official said.

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Reuters
A tanker has started lifting about 700,000 barrels of crude, the official added.

The guards had staged a strike on Tuesday, the latest in a series of such walkouts.

(Reporting by Ayman al-Warfalli; Writing by Ulf Laessing; Editing by Pravin Char)  
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News Releases

News Releases
Released:  22/04/20152015-04-22
Word count:  125

Spanish company Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria, in an area bordering Libya.

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Libya business news
The discovery in Tan Emellel Sud-Ouest-2 (TESO-2) exploration well in the Sud-Est Illizi block is the continuation of an already very successful exploration campaign in the high-potential area. Repsol is the operator of the consortium with a 52.5% stake in partnership with Enel (27.5%) and GDF-SUEZ (20%).

Sonatrach will hold a 51% stake in the development and production phases, with the existing members maintaining their existing proportions in the remaining 49%.

The gas discovery was made at a depth of 1,307 metres (4,288 feet) and well testing delivered a gas flow rate of 175,000 cubic metres per day (m³/day) and 90 barrels per day (bbl/d) of condensate with a 32/64” choke.

Repsol aims to drill at least four more additional wells in order to appraise the previous discoveries within the Sud-Est Illizi block.
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News Releases

News Releases
Released:  21/04/20152015-04-21
Word count:  149

A meeting of representatives of Libyan women groups and women activists facilitated by the United Nations Support Mission in Libya (UNSMIL), with the support of the European Union, will convene in Tunis, Tunisia, on 21-22 April 2015 in the framework of the political dialogue.

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Libya business news
The women’s track will include briefings by women participants in the dialogue tracks on the progress of the talks.

It will provide an opportunity for about 40 Libyan women coming from different parts of the country to review and comment on the draft document being discussed at the Libyan political dialogue meetings in Morocco to end the country’s political and military conflict.

The women will also have the opportunity to discuss the opportunities and challenges for Libyan women as well as their role in sustaining any future political agreement.

The meeting will take place at the hotel Carthage Thalasso in Gammarth in Tunis, on Tuesday 21 April 2015.

Media wishing to attend the opening session are kindly invited to be at the venue at 8:30 a.m. There will be other media-related events, including the closing session on Wednesday 22 April. For any enquiries, please contact:

Ms. Noor Tawil (tawiln@un.org)

+216 97 408 231
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Oil & Gas News

Oil & Gas News
Released:  21/04/20152015-04-21
Word count:  304

(Reuters) - Oil prices dipped slightly on Tuesday but remained near a 2015 peak reached last week as expectations of another rise in U.S. stockpiles and near-record-high Saudi Arabian output were balanced by rising tension in the Middle East.

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Reuters
Crude prices have climbed around 18 percent since the start of April due to mounting concern over conflict in Yemen, with the U.S. navy saying on Monday it had sent an aircraft carrier and a guided-missile cruiser into waters near the country.

Prices were also supported by speculation about falling U.S. output after the domestic oil rig count hit 2010 lows. Still, U.S. commercial crude oil inventories are forecast to have increased by 2.4 million barrels last week, rising for the 15th consecutive week, a preliminary Reuters survey showed.

Brent crude for June delivery LCOc1 was down 7 cents at $63.38 a barrel by 0349 GMT, after settling flat on Monday. U.S. crude for May delivery CLc1, which expires later in the day, was down 8 cents at $56.30 a barrel, after settling 64 cents higher.

U.S. Senator Lisa Murkowski said on Monday she would introduce legislation this year to allow U.S. crude exports, saying the Obama administration should not dare lift sanctions on Iran before scrapping the U.S. crude export ban.

Saudi Oil Minister Ali al-Naimi told Reuters in Seoul that the No. 1 crude exporter expected to produce at near record highs of around 10 million bpd in April.

Analysts warn that OPEC's ability to cope with an unexpected surge in demand is diminishing fast.

"If the demand and non-OPEC supply responses to lower prices are similar to what was experienced in the 1980s, the very low level of spare capacity carries a risk of a price spike in the not too distant future," said analysts at PIRA Energy.

OPEC's spare capacity could halve to as low as 1.7 million barrels per day (bpd) this year, far below the level of more than 10 million bpd in the 1980s, when Saudi Arabia last opted for market share over price.

(Editing by Joseph Radford and Alan Raybould)
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Oil & Gas News

Oil & Gas News
Released:  20/04/20152015-04-20
Word count:  177

BENGHAZI, Libya (Reuters) - Two tankers will lift 1.3 million barrels of crude from east Libyan ports Hariga and Zueitina, oil officials said on Sunday.

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Reuters
The Hariga port was expecting a tanker to lift 700,000 barrels of crude on Monday, an oil official said. A second tanker would dock in the next few days at the Zueitina port to lift 600,000 barrels, another official said. A third tanker was currently docked at Hariga, located near the border to Egypt, to ship petrol for local consumption.

OPEC producer Libya has managed to boost output to almost 600,000 barrels per day (bpd) by reopening two western fields and keeping eastern ports open despite militant attacks and fighting between rival factions allied to two competing governments vying for control.

But the oil sector is facing uncertainty. The internationally-recognised government based in the east has unveiled plans to sell oil via a new state firm bypassing the established entity in the capital Tripoli.

Oil insiders say it will be difficult to lure buyers to change the payment systems because the new company would have to prove it owns the oil reserves. Contracts with existing buyers and geological maps are stored in Tripoli, out of control of the eastern government.

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Business News

Business News
Released:  17/04/20152015-04-17
Word count:  148

Libyan Prime Minister Abdullah Thinni said his country is willing to resume a joint project with Moscow to build a railway between the cities of Sirte and Benghazi.

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Sputnik news
MOSCOW (Spuntik) – Libya is set to resume a joint project with Russia to build a rail link connecting the cities of Sirte and Benghazi, Libyan Prime Minister Abdullah Thinni told RIA Novosti during his visit to Moscow Thursday.

"The head of the transport committee met with his counterpart and they agreed to set up a commission to review the implementation of the railway project."

The $2.4-billion high-speed railway project was suspended amid political instability in 2011.

On April 14, Thinni told Sputnik that Libya plans to ask Russia to help rebuild its military, implementing a number of 2008-era contracts signed between the Gaddafi regime and Russia.

Long-standing leader Muammar Gaddafi was overthrown in 2011 after a months-long military standoff between government forces and the rebels, who received assistance from NATO forces.

After the conflict, the country has seen violent clashes between numerous militias, armed with weapons seized from government ammunition depots.
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Oil & Gas News

Oil & Gas News
Released:  17/04/20152015-04-17
Word count:  121

BENGHAZI, Libya, April 16 (Reuters) - A tanker left Libya's eastern oil port of Hariga after lifting one million barrels of crude, an oil official said on Thursday.

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Reuters
No new tanker was expected in the next few days, said the official, asking not to be named. The terminal located in the eastern city of Tobruk had closed over the weekend due to poor weather.

OPEC producer Libya has managed to boost output to almost 600,000 barrels per day (bpd) by reopening two western fields and keeping eastern ports open despite militant attacks and fighting between rival factions allied to two competing governments vying for control.

But the oil sector is facing uncertainty. The internationally-recognised government based in the east has unveiled plans to sell oil via a new state firm bypassing the established entity in the capital Tripoli.

(Reporting by Ayman al-Warfalli; Writing by Ulf Laessing; Editing by Mark Potter)  
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News Releases

News Releases
Released:  16/04/20152015-04-16
Word count:  83

Washington-based communications firm Qorvis/MSLGroup has won a $1.05-million contract to work for the Libyan Embassy in the United States.

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Libya business news
According to information released under the Foreign Agents Registration Act (FARA), the company will provide public relations services to the Embassy, including “strategic advice and assistance on public relations issues to the Embassy of Libya … including relevant outreach to targeted members of the American public through appropriate publications and other media outlets.”

The one-year contract runs until 19th March 2016, and was signed by Michael Petrozello (pictured), President and National Director of MSL Group, and Wafa Bugaighis, Charge d’Affairs at the Libyan Embassy.
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Oil & Gas News

Oil & Gas News
Released:  16/04/20152015-04-16
Word count:  279

OIL ADVANCED for a fifth day, the longest rising streak in three weeks, as Iran joined Libya in calling for OPEC to reduce production amid a global glut.

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Business world online
Futures gained as much as 0.6 percent in New York. The Organization of Petroleum Exporting Countries should cut “at least 5 percent” from its collective target of 30 million barrels a day, Iranian Oil Minister Bijan Namdar Zanganeh said Tuesday. OPEC should curb output to accommodate a potential increase in Iran’s exports, Libya’s representative to the 12- member group said April 9.

Oil slid almost 50 percent last year after Saudi Arabia, the world’s biggest crude exporter, led OPEC in resisting supply cuts as the pace of US production surged to the highest level in more than three decades. American crude stockpiles are forecast to have expanded further from a record last week, according to a Bloomberg survey before an Energy Information Administration report on Wednesday.

“It’s really which direction the Saudis want the organization to go that will be the key,” David Lennox, a resource analyst at Fat Prophets in Sydney, said by phone. “We need to see a good cut to production for prices to surge and the only entity that has the ability to do that in one hit is OPEC.”

West Texas Intermediate for May delivery climbed as much as 31 cents to $53.60 a barrel in electronic trading on the New York Mercantile Exchange and was at $53.52 at 10:33 a.m. Sydney time. The contract rose $1.38 to $53.29 on Tuesday. The volume of all futures traded was about 52 percent below the 100-day average. Prices are up 0.5 percent this year.

Brent for May settlement, which expires on Wednesday, gained as much as 44 cents, or 0.8 percent, to $58.87 a barrel on the London-based ICE Futures Europe exchange. It advanced 50 cents to $58.43 on Tuesday. The more active June contract was 26 cents higher at $60.07.  
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Oil & Gas News

Oil & Gas News
Released:  15/04/20152015-04-15
Word count:  425

Iran became the second OPEC member this month to call on the group to reduce oil production ahead of its June meeting amid a global oversupply that’s cut crude prices by almost half.

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Bloomberg
The Organization of Petroleum Exporting Countries should trim “at least 5 percent” from its output target of 30 million barrels a day, Oil Minister Bijan Namdar Zanganeh said at a news conference in Tehran Tuesday. Zanganeh’s comment, cited by the ministry’s news agency Shana, indicates Iran is seeking a minimum cut of 1.5 million million barrels a day.

His suggestion would exceed the decrease of 800,000 barrels a day sought by Samir Kamal, Libya’s representative to OPEC. Group members should curb output to accommodate a potential rise in Iran’s exports, he said April 9.

OPEC, led by its biggest member Saudi Arabia, decided in November to keep crude output unchanged to maintain market share in the face of a glut. The group’s 12 members are to meet again June 5, weeks before Iran and six world powers aim to reach an agreement limiting that country’s nuclear program in return for an easing of economic sanctions. A deal may help Iran boost oil production and sales, exacerbating oversupply.

Brent crude, a global benchmark, has fallen 47 percent in the last 12 months as output rose from North America and Russia. Unleashing more Iranian oil on to markets may push crude prices lower by as much as $15 a barrel from 2016 forecasts, the U.S. Energy Information Administration said. That would put Brent at about $60 a barrel next year, according to the EIA’s monthly Short-Term Energy Outlook released April 7.

Iranian Cargoes

It’s a mistake to fight for market share amid global oversupply instead of trimming crude output to prop up prices, Mohammed Al-Rumhy, oil minister of Oman, the largest Arab oil producer not in OPEC, said Monday. Al-Rumhy said he’d rather see a 5 to 10 percent output cut in the hope that prices will double than follow the current strategy, under which crude has dropped by half.

Iran has stored 20 million barrels of condensate, a light oil often found along with natural gas, on ships to be ready for sale when market conditions improve, Zanganeh said on state radio Tuesday. Iran plans to invest $20 billion over three years to boost its production capacity for crude by 700,000 barrels a day, he said.

Saudi Arabia, the world’s biggest exporter, would welcome a shared effort by OPEC and producers outside the group to improve crude prices, the government said in a statement reported Monday by state-run Saudi Press Agency. The statement didn’t specify any possible course of action.

For non-OPEC producers, any suggestion of an output reduction without a cut by Saudi Arabia is a “non-starter,” Oman’s Al-Rumhy said.
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News Releases

News Releases
Released:  14/04/20152015-04-14
Word count:  40

BENGHAZI, Libya, April 13 (Reuters) - Libya reopened the eastern oil port of Hariga on Monday after weather conditions improved, an oil official said.

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Yahoo news
Two tankers entered the port after being delayed by bad weather, the official said.

One tanker was loading crude, the second was shipping petrol imports for local consumption.

(Reporting by Ayman al-Warfalli; writing by Ulf Laessing; editing by Jason Neely)
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News Releases

News Releases
Released:  13/04/20152015-04-13
Word count:  293

Medavia is to seek a possible collaboration with Air Malta to operate routes on the Maltese national airline’s behalf.

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Times of Malta
This possible collaboration between Medavia and Air Malta had already been explored close to nine years ago without any success.

This attempt is part of a restructuring plan by CEO Ramah Ettir aimed at moving away from the focus Medavia has always had on Libya, instead expanding its reach to the whole of the Mediterranean basin. Mediterranean Aviation (Medavia) was set up in 1978 as a joint venture between the Maltese and Libyan governments. Its prime focus at the time was supporting the Libyan oil industry, which had oilfields in remote areas of the Sahara desert.

The company employs 260 people, 60 of whom are stationed at Tripoli International Airport in a secure enclave, although the building and hangar there have been almost completely ransacked. The company has kept these 60 people on its payroll, even though there is currently no work for them.

With a diverse fleet of aircraft, the company is not as competitive as Mr Ettir would like it to be. As a result, Medavia is embarking on a fleet renewal programme, and is talking to various suppliers, including Bombardier, Franco-Italian turboprop manufacturer ATR and regional jet manufacturers such as Italo-Russian consortium Superjet International and Brazilian manufacturer Embraer.

Medavia is also seeking to get a Libyan Aircraft Operating Certificate (AOC), something Mr Ettir believes will be accomplished by the end of this year. He acknowledged that getting traffic rights in Libya will be more difficult than ever before. In Libya there are 28 AOCs, although not all are active.

For the past three years, Medavia has always closed its books in the red, something that had never happened in its 36-year history. Mr Ettir is confident that the company should break-even this year and begin registering a small profit as from the coming financial year.  
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News Releases

News Releases
Released:  10/04/20152015-04-10
Word count:  298

The Libyan-Maltese Chamber of Commerce has just held its Joint Council Meeting in Malta which was attended by its council members from Libya and Malta.

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Malta Independent
The Libyan Council Members have been officially appointed to sit on the council and this will provide a better impetus to the Chamber which will now receive first-hand information on the business opportunities between our two neighbourly countries.

The meeting was addressed by Mohammed Abdullah Al Sedeek, Director General of the General Union of Chambers of Commerce, Industry & Agriculture, Libya

Abdussalam Danaf, a Libyan businessman, has been appointed President of the Chamber for the next four year term. The Libyan - Maltese Chamber of Commerce was established in 1994 as a Joint Libyan-Maltese Council and as a Chamber of Commerce in 1997. It is an independent Chamber affiliated to the General Union of Libyan Chamber of Commerce, Industry and Agriculture and Malta Chamber of Commerce, Enterprise and Industry.

The chamber is a member-based organisation that endeavors to foster economic relations between Libya and Malta and vice-versa. This is done through the promotion of regional trade and investment between the two countries, through established contacts existing both in Libya and in Malta and especially with the support of the Ministry of Foreign Affairs of Malta, and the Ministry of Economy and Small Business and Malta Enterprise.

The Libyan-Maltese Chamber of Commerce works to enhance bilateral trade between Malta and Libya by creating the right environment for business networking and attracting Libyan investment to Malta whilst offering trade facilitation services to Maltese Companies doing business in Libya.

Various other services such as legalization of documents, translations and business advice are offered by the chamber from its offices in Balzan.

The current council is composed of:

Libyan side: Abdussalam Danaf, Mohammed Sweidan, Ezzedin Beleed, Salem Remalli and Mustafa Shembesh. Malta side: Hugh Arrigo, Tonio Casapinta, Frank V. Farrugia and Anthony Micallef.

Further information on the chamber is available on www.libyanmaltesechamber.org.mt
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Oil & Gas News

Oil & Gas News
Released:  09/04/20152015-04-09
Word count:  313

LONDON, April 8 (Reuters) - OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.

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Reuters
The comments underline how the halving of oil prices from $115 a barrel in June on global oversupply is hurting OPEC's less wealthy members outside the Gulf and suggests the 12-nation group remains divided over the impact of its 2014 policy shift to defend market share, not prices.

"OPEC members, as a unit, need to re-evaluate their strategies," Samir Kamal, Libya's OPEC governor and head of planning at the North African country's oil ministry, told Reuters by email.

They "need to reach an agreement to bring down the production levels by at least 800,000 barrels a day, especially now that an agreement has been reached with Iran which is expected to increase its production", he said.

A framework deal announced last week to curb Iran's nuclear work could eventually allow Tehran to boost oil exports, which have been cut by almost half since 2012 due to Western sanctions. Four years after the ousting of leader Muammar Gaddafi, Libya is struggling with two rival governments. Kamal represents Libya on OPEC's board of governors, a body that influences but does not decide OPEC policy.

When the producer group last met in November, Libya was among member countries calling for a cut in production.

OPEC meets again on June 5 to set policy. Although they did not oppose the group's no-cut decision of last year, other non-Gulf OPEC members such as Venezuela and Iran have expressed misgivings about it and sought supply reductions.

A group of 18 African oil producers - many of which are not OPEC members - is lobbying for output curbs to boost prices that it says have fallen to levels that threaten to spark social unrest.

But without support from Saudi Arabia and the other Gulf OPEC members, a rethink is unlikely. Saudi Arabia has increased production to a record high and Kuwait has said OPEC will not change policy at the June meeting.

(Editing by Dale Hudson)
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Oil & Gas News

Oil & Gas News
Released:  08/04/20152015-04-08
Word count:  31

The Abu Attifel oil field, which has been out of production since August 2013, may be about to resume operations soon, following the aparent resolution of labour disputes.

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Libya business news
Italy’s Eni stopped operations at the field after more than 1,000 demonstrators descended on the facility in late 2013 demanding jobs.

The field was last producing at a rate of around 70,000 bpd.
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Oil & Gas News

Oil & Gas News
Released:  08/04/20152015-04-08
Word count:  264

Libyan oil production has edged up to 600,000 b/d, Mustafa Sanalla, the chairman of state-owned NOC, told Platts Tuesday, up from the most recently reported level of 565,000 b/d.

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Platts
The country's oil production is now closing in on almost 50% of its total capacity of around 1.5 million b/d, with the rise coming despite the fact that its oil sector remains in disarray with the two rival governments looking to secure control over the industry.

Over the weekend, the crisis escalated as the officially recognized government based in Tobruk in the east of Libya issued a directive aimed at diverting oil revenues from the country's central bank to its own accounts.

Sanalla is based in Tripoli -- where an Islamist-led government claims control -- but he said earlier this month that NOC had no allegiance to either that regime or that of the Tobruk administration. The central bank also operates independently of any government.

NOC partners in all of Libya's oil and gas upstream ventures with international companies and manages exports and payments. But the Tobruk government has set up its own NOC to deal with eastern Libyan oil operations, although without any noticeable impact so far.

Despite the bitter rivalry between the two governments and the emergence of Islamic State fighters targeting oil infrastructure, Libyan production continues to rise and shipping sources have even suggested that confidence was returning with an increasing number of shipowners prepared to send vessels to the country.

There is also some optimism that two of the country's main export terminals -- Es Sider and Ras Lanuf -- could reopen in the coming days, which would enable fields that feed the ports to resume production.

--Stuart Elliott, stuart.elliott@platts.com --Edited by Maurice Geller, maurice.geller@platts.com  
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Oil & Gas News

Oil & Gas News
Released:  07/04/20152015-04-07
Word count:  222

TRIPOLI, Libya, April 6 (UPI) -- Libyan media reports, an oil field shuttered since the middle of 2013, may be on the cusp of resuming operations after the resolution of labor disputes.

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UPI
The Libya Herald reported Sunday operations of the Abu Attifel oil field, last producing around 70,000 barrels of oil per day, may restart soon. The report said Italian energy company Eni stopped operations at the field "in August 2013 following the occupation and closure of oil export terminals by secessionist protestors."

More than 1,000 demonstrators descended on the facility in late 2013 demanding jobs.

"It is not yet clear what deal, if any, has been reached between the locals and the Libyan National Oil Co., which will allow Abu Attifel to restart production," the Herald reported.

Before NATO forces intervened in Libyan civil war in 2011, the country was producing more than 1 million bpd. The Organization of Petroleum Exporting Countries in its latest market report said production from member-state Libya was around 300,000 bpd.

Libya has been unable to coordinate political efforts across the wide range of groups vying for more power since civil war ended. In late March, the U.N. Support Mission in Libya said it welcomed cease-fire agreements and the withdrawal of fighters from oil production areas.

"[UNSMIL] has urged the parties to the conflict to cease all military hostilities and focus instead on their common enemy, the terrorist groups which are determined to expand their areas of influence," the mission said.

The group calling itself the Islamic State has gained influence in war-torn Libya.  
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