الشركة العامة للكهرباء - تمديد فترة تقديم العروض

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Oil & Gas News

Oil & Gas News
Released:  27/05/20152015-05-27
Word count:  111

Wintershall Holding GmbH is interested in picking up assets held by Occidental Petroleum Corp., or Oxy as it is more commonly called, in Libya. Occidental has been looking to gain permission from Libya’s NOC to share data on its assets.

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Petroleum Africa
Occidental’s Libyan fields have been producing below par for some time according to a report filed by the company with the US Securities and Exchange Commission, and the company has been trying to offload them since 2013 without much success.

Libyan officials said terms of any deal being discussed for assets owned by a JV that includes Occidental, Austria’s OMV AG and Libya’s NOC haven’t been completed.

“It could be for a stake in the assets or just some of them,” a Libyan oil official said. Other Western firms have tried to sell off stakes to their more risk-taking counterparts but NOC nixed those buys with a pre-emption.
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Oil & Gas News

Oil & Gas News
Released:  27/05/20152015-05-27
Word count:  55

Eni has made a second discovery at its exploration prospect off the coast of Libya.

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Energy voice
The company said it had made a natural gas and condensate discovery about 85 miles away form the coastline.

Production tests have given a preliminary flow rate from the well at 1,340 barrels of oil equivalent per day (boe).

Eni has estimated the well will be able to produce at least 3,000 boe per day at its peak.  
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News Releases

News Releases
Released:  27/05/20152015-05-27
Word count:  190

The Libyan airline Afriqiyah has set up a company base in Malta, MaltaToday is informed.

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Malta today
The company PanAfriqiyah set up home at BizAv Services Ltd in Lija, a company constituted of aviation management professionals specialising in EU-OPS air operator certification, airworthiness and quality and safety disciplines, business aviation consultancy, and VIP aircraft charters

BizAv also operates Alpha One, a joint venture with Meridian 8 and QuAero Ltd.

BizAv also includes former Air Malta captain Philip Apap Bologna.

Turkish Airlines was recently reported to be the European carrier which has been in talks with Afriqiyah Airways over the planned lease of the latter’s two A330-300s. The two airplanes were in storage at Teruel in Spain.

Turkish Airlines took delivery of the first of the two A330-300s on an eight-year lease. Its sister ship will join it later on this year and will be re-registered as TC-JON.

Owing to Libya’s ongoing civil war, Afriqiyah has never deployed either of the two aircraft into commercial service despite taking delivery of them from Airbus Industrie back in 2014.

Air Malta management are also in contact with their counterparts at Turkish Airlines over a possible strategic partnership, with talks revolving around the privatisation of the airline.  
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Oil & Gas News

Oil & Gas News
Released:  26/05/20152015-05-26
Word count:  364

CALGARY, Alberta, May 25 (Reuters) - Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted.

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Reuters
Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. U.S. crude was up 8 cents at $59.80 a barrel.

The market drew support from figures showing strong demand across Asia and the United States. "Global oil demand continues to surprise to the upside, with April data showing no signs of slowdown despite a pick-up in prices," Energy Aspects said in a note.

Japan's customs-cleared crude oil imports rose 9.1 percent year-on-year to 3.62 million barrels per day (bpd) in April, the Finance Ministry said.

In China, crude imports hit a record 7.4 million bpd last month, with healthy car sales countering a slowing economy.

In the United States, the peak summer driving season started with Memorial Day on Monday, and the American Automobile Association said road travel was expected to reach a 10-year high over the long weekend.

The dollar held near two-month highs against the euro and yen, as well as a one-month peak against a basket of currencies.

A strong dollar makes greenback-denominated crude oil less attractive for holders of other currencies.

"The overall fundamentals still point to a well-supplied market, a fact that should continue to put a ceiling on prices," Barclays said.

Iran plans to raise its oil output by 170,000 bpd by March 2016, the official IRNA news agency cited an Iranian oil official as saying.

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), aims to boost crude exports by up to 1 million bpd if Tehran and six major powers finalise a nuclear agreement by a June 30 deadline.

Unrest in the Middle East intensified on Monday as Islamic State poured fighters into the western Iraqi city of Ramadi.

In oil exporter Libya, warplanes from the official government attacked an oil tanker docked outside the city of Sirte on Sunday, wounding three people and setting the ship on fire, officials said.

It was the third confirmed strike by the internationally recognised government on oil tankers, part of a conflict between competing administrations and parliaments allied to armed factions fighting for control of the country.

(Additional reporting by Himanshu Ojha in London and Henning Gloystein in Singapore; Editing by David Goodman, Dale Hudson and Marguerita Choy)

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News Releases

News Releases
Released:  26/05/20152015-05-26
Word count:  518

Online application for new biometric Libyan passports will commence from June, the National ID Number (NIDN) Authority has revealed.

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Libya herald
The announcement is part of a wider and long term move by the Libyan authorities to introduce e-government in Libya for better services to citizens, to reduce bureaucracy and to combat corruption.

It is also part of a move to solve the chronic bottlenecks in the issuing of new passports – bottlenecks that are invoking the rage of the general Libyan public.

On Friday the NIDN Authority announced that it had held a meeting with the Passports Authority and had put the finishing touches to the new electronic passport application system.

The NIDN Authority said that, besides the completion of the online passport application system it has also ordered the print of a new batch of passports, which is awaiting the release of a budget.

It is also planning to open new passports offices across the country; the doubling of the number of current printers in use across passports offices, as well as the increase of the number of photography stations – all subject to receiving the necessary budget.

The opening of specific passport offices at organizations with a large number of employees such as banks and the Man-Made River Project, is already under implementation, it confirmed.

The Authority also said that it plans to introduce evening opening hours at passport offices subject to completion of the above mentioned improvements.

The NIDN Authority revealed that initially the online passport application service would only be available within the Tripoli-based passports offices.

It was also very keen to point out that the new electronic system was designed and implemented in-house and without the need (and cost) for outside contractors.

Workshops and public information broadcasts to better inform the general public about using the new online passport application system will also be held.

On another level, the NIDN Authority also revealed that Libyans overseas would also be able to obtain new passports from embassies abroad.

It revealed that the necessary equipment for processing has been sent to 50 Libyan embassies. Successful tests were carried out on three embassies, the Authority confirmed.

However, the system at Libyan embassies will be an offline process, with applications being sent through the diplomatic bag, it explained.

It will be recalled that the issue of the issuing of the new biometric passports has caused much uproar in Libya as queues at passport issuing offices have formed partly due to lack of capacity in human resource as well as raw material and equipment.

But also due to allegeblockages caused by corruption as new passports are made available at prices of up to LD 1,500 – as opposed to the official LD 55 cost.

The right and access to a new electronic passport in Libya is beyond just the principle of the right to having a passport, but is more of a practical necessity.

Beyond holidays and business trips, a valid passport is a necessity for healthcare abroad in countries like Tunisia and Jordan for most ordinary Libyans and Europe for the better off.

Equally, many countries are now imposing conditions on letting in Libyans with the old non-electronic handwritten green passports that are very old and beyond certain dates due to security fears.
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Oil & Gas News

Oil & Gas News
Released:  25/05/20152015-05-25
Word count:  62

BENGHAZI, Libya, May 24 (Reuters) - Libya's state oil firm AGOCO operating in the east is producing between 250,000 and 290,000 barrels a day (bpd), a company spokesman said on Sunday.

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Reuters
A tanker bound for Italy left the Hariga port operated by the firm after lifting 400,000 barrels of crude, another official said.

Oilfields such as Nafoura operated by the firm and connected to the Zueitina port, as well as the western El Feel field, remain closed due to protests, official said.

(Reporting by Ayman al-Warfalli; writing by Ulf Laessing; editing by David Clarke)

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News Releases

News Releases

BENGHAZI, Libya (Reuters) - A tanker bound for Croatia left the Libyan port of Brega on Friday after lifting 600,000 barrels of crude there, a Libyan oil official said.

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Reuters
"The port is working normally," said the official, asking not to be named. Brega is located in eastern Libya where several oilfields have stopped working due to protests.  
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Oil & Gas News

Oil & Gas News
Released:  22/05/20152015-05-22
Word count:  85

Libya’s National Oil Corporation (NOC) has announced gas & condensate discovery in the Eni North Africa-operated exploration well A1-01/01 in Area D in Sabratah Basin, 140 km offshore Libya.

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Offshore Energy Today
NOC and Eni are partners in exploration in Area D in Sabratah Basin and, according to the announcement from NOC, this is the second gas discovery well drilled by the company this year.

The first gas discovery was in March in the Bahr Essalam South exploration prospect in Area D.

According to Libya Herald, the well A1-01/01 is located about 20 km North of the massive Bouri gas field and in testing, the find produced some 868 barrels per day of condensate.

Offshore Energy Today Staff
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Business News

Business News
Released:  22/05/20152015-05-22
Word count:  528

Libyan steelmaker Lisco is struggling to keep its mill rolling in a war zone, no easy feat when the power cuts off every night, shippers are reluctant to dock and foreign contractors are long gone.

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Al-Arabiya
Lisco Chairman Mohamed Abdelmalik al-Faqih may have an office overlooking the Mediterranean, but the steel plant in Libya’s third-largest city Misrata looks more like a military base. A tank guards the melt shops, mills and furnaces, and the nearby port is protected by anti-aircraft guns.

“The position of the company is not good, even worse than 2013 or 2014, (but) we are working,” Faqih told Reuters in an interview.

Power and gas shortages are perhaps the biggest day-to-day challenge for the energy-hungry steel business as more than a dozen oilfields across Libya have been forced to shut due to protests, fighting and militant attacks.

The Tripoli-based electricity ministry had forced Lisco, one of North Africa’s largest steelmakers, to cut output to one third of capacity for six months to save power. That’s on top of having to shut furnaces down each evening.

The Libyan Iron and Steel Company (Lisco) is caught up in the armed struggle that has enveloped the country as two rival governments vie for control four years after the ousting of Muammar Qaddafi.

“The main problems are shortages of natural gas and electricity,” Faqih said.

Yet the company hopes to keep output near steady this year compared to 2014, planning to produce between 500,000 tons and 600,000 tons of liquid steel, its main base product, in 2015. This is roughly in line with last year’s output, already hit hard by gas shortages.

Output at iron plants will reach up to 700,000 tons or half of the annual target, Faqih said. Last year, it was around 800,000 tons, then only half the intended amount.

This included around 300,000 tons of hot briquetted iron, a steel making ingredient, short of the goal of 500,000 tons. Lisco’s bar mill would produce 350,000 tons, missing an original plan of 485,000 tons, he said. The hot-strip mill would reach 250,000 tons, short of a plan of 332,000 tons.

Shippers reluctant

The firm has also struggled to persuade foreign shipping companies to dock at Misrata after the commercial port in the free zone was hit in January by war planes.

“Sometimes it is difficult to fix a ship but eventually we succeed,” Faqih said.

Lisco managed to offset weaker demand from its main market Egypt by selling more to China while keeping a presence in Turkey and North African markets such as Tunisia and Morocco.

“Demand from Egypt is not that big but we still are exporting HBI (hot-briquetted iron) and hot-rolled coils.”

Yet exporting is not easy. Air strikes have scared off Turkish Airlines, the last major foreign carrier serving Libya while local carriers are booked out for weeks -- making it difficult to stay in touch with foreign business partners.

Yet it has plans to boost production with a new 800,000-tonne mill, although a lack of foreign workers means development will have to be done remotely by engineers based in Italy.

Foreign contractors from Italy’s Daniele, helping with the $2.5 billion-expansion, have left Misrata for security reasons. “It’s (the mill) ready for commissioning,” Chairman Mohamed Abdelmalik al-Faqih said. “Now we are in negotiations with them (Danieli) to assist us with the commissioning... with remote assistance. They will train some of our people at their plants in Italy.”
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Oil & Gas News

Oil & Gas News
Released:  21/05/20152015-05-21
Word count:  337

The head of Libya's National Oil Corp (NOC) sees higher oil prices and said the company is working to boost output and regain market share taken by other producers.

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Reuters
Speaking on a visit to London, NOC Chairman Mustafa Sanallah said he saw signs of oil demand increasing across the globe and a fall in the supply of shale oil in the United States.

"There is a general consensus that oil prices will recover. The worst of the market is behind us now," he said on Tuesday at the Platts Global Crude Oil Summit.

"It is expected that the oil price will start to rise by the beginning of the second half of this year and continue to rise in 2016." Brent crude was trading at around $65 a barrel, up from a low near $45 seen in January but still nearly half the level set in June 2014 before a collapse due to a global glut.

OPEC member Libya produced almost 1.6 million barrels of oil per day (bpd) before the 2011 revolution which ousted Muammar Gaddafi, but output is now far lower due to unrest.

Sanallah said Libya is pumping around 436,000 bpd, a total he hoped would increase by 200,000 bpd in the next two months through the repair of damaged fields and keeping dialogue with elements who have blocked pipelines and oilfields.

An increase in Libyan oil production would not weaken prices, he said, citing the expectation for a stronger market. The Organization of the Petroleum Exporting Countries (OPEC) meets on June 5 to review its 2014 decision not to cut production and focus on market share. Sanallah said his priority was boosting Libyan output rather than the OPEC meeting.

"For the last three years, the other members, not only from OPEC but the others, they get advantage of Libya being outside of the market," he said. "So my colleagues work very hard to increase our production, to make the required maintenance. I'm not relying too much on the OPEC meeting."

He said he shared the view of Saudi Arabian Oil Minister Ali al-Naimi, seen as the driver of OPEC's 2014 decision not to cut output. "I do agree with him. So we are focusing on our market share also."

(Editing by David Holmes)
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Contract News

Contract News Business News

The Libyan government has authorized the Local Government Ministry to contract directly through a (non-open tender) purchase order process with Swedish company, Nordic Waste Services, specializing in the cleaning of cities, public parks and gardens, pest control, waste collection and recycling.

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Libya herald
The decision was made during its cabinet meeting held on Sunday in the eastern city of Al-Beida, the seat of Libya’s only internationally recognized government.

Libyan towns and cities have experienced numerous problems with rubbish collection since 2011, including industrial action by unpaid state-sector rubbish collectors.

The announcement by the Thinni government to contract out to a foreign company for rubbish collection and recycling is not a new policy decision.

As was reported by Libya Herald in January this year, the Thinni government had reported then that it had approved the use of international companies in dealing with rubbish and recycling.

The approval to sign ‘’contracts with international companies’’ for cleaning services and rubbish recycling in January was to give priority to companies in the rubbish collection sector first.

Equally, it was stated at the time that these contracts would stipulate the condition that foreign companies would receive no-upfront payments and no payments for the first six months of the contract.

In the first stage of the contracts, the companies would be obliged to gather rubbish in pre-approved sites, thereafter the companies could move to the second stage of the contract of recycling.

Contracted companies would also be obliged to train or retrain the current employees of the General Services Company – the state company currently tasked with rubbish collection.

It must be recalled that British firm Rentokil had been operating in Libya prior to the 2011 revolution, but the company had suspended its operations when the Libyan authorities failed to pay it its debts.
Comments:

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Anonymous
6 days ago

Business News

Business News
Released:  19/05/20152015-05-19
Word count:  471

The Tripoli-based authorities have passed a decree banning the import of 32 items through letters of credit (LCs) for 6 months as of 13 May.

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Libya herald
The Tripoli authorities through their Ministry of Economy circulated the decree to the Tripoli-based Central Bank of Libya, the Customs Authority, the Chamber of Commerce and the Business Council.

Meanwhile, the Tripoli authorities assured that the ban would not affect the basic necessities and foodstuffs as well as raw materials for local industry and consumption.

The move by the Tripoli authorities to freeze the opening of official documentary letters of credit for imports is seen as a move to stem the haemorrhaging of Libya’s fast depleting foreign currency reserves.

It will be recalled that Libya has been forced into making up its deficits over the last few years by dipping into its foreign currency reserves ironically amassed by the outgoing Qaddafi regime over a few decades. Moreover, the foreign currency shortage has led to the black market exchange rate for the US dollar to peak at two dinars to the dollar, compared to the official rate of LD 1.30 to the dollar.

Equally, the move to freeze the opening of LCs is also seen as an attempt to control the outward flow of Libya’s hard currencies through either exaggerated or fake invoices and LCs.

It is not clear if this move is a short term move to save hard currency or in view of Libya’s low oil production and the collapse in international crude oil prices or if it will be extended beyond November.

Equally, some businessmen have expressed surprise at the timing of the move coming a month before the fasting month of Ramadan, the peak month for consumption in Libya. There are also concerns on the inflationary effect of the import ban on prices in the Libyan market.

It is also seen as encouraging blackmarketeering and as an abrogation of responsibility by the Tripoli authorities for imports and the economy in its region.

Furthermore, this LC import ban is imposed by the authorities in western Libya but not by the internationally recognized government in eastern Libya.

The Tripoli-based authorities have passed a decree banning the import of the following 32 items through letters of credit (LCs) for 6 months as of 13 May:

1-Cars and vehicles – old or new

2-Motorbikes and bicycles

3-Powered boats

4-Cosmetics

5-Entertainment products

6-Toys, and sports goods

7-Papper tissues, napkins

8-Car accessories

9-Leather products

10 -Hunting guns and fireworks

11-Cement and wooden poles

12-Sanitary (bathroom fixtures) products, marble, tiles and ceramics

13-Wood – raw material

14-Carpets, curtains and accessories

15-Leather and non-leader bags (except school bags)

16 -Reinforcement iron bars

17-Mobile phones and accessories

18-Office and domestic furniture

19-Workshop tools

20-Artificial drinks/juices

21-Chocolates, biscuits (except raw material chocolate for manufacturing)

22 -Artificial fruit drink powders

23 – Canned, preserved, dried vegetables and pickles

24-Crisps and corn flakes

25-Fizzy and mineral water

26 – Chlorine and liquid soaps

27 – Pastas

28-Nuts (edible)

29-olive oil

30 –Harissa (spicy chilli sauce/past)

31-Energy drinks

32 -Caviar and sea foods
Comments:

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

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Anonymous
6 days ago

Oil & Gas News

Oil & Gas News
Released:  18/05/20152015-05-18
Word count:  238

BENGHAZI, Libya May 17 (Reuters) - Libyan state oil company AGOCO, which is active in the east of the OPEC member country, is producing about 270,000 barrels a day of crude, unchanged from a week ago, a company spokesman said on Sunday.

Play
Reuters
The company's Hariga export port and connected Sarir and Messla oilfields are working normally, he said, adding: "We are facing no problems at all."

The port located in the eastern city of Tobruk has had to close several times this year because of protests and a pipeline blast.

The Arabian Gulf Oil Co (AGOCO) is part of the NOC state oil company controlling the country's oil and gas sector. But crude supplies to the Zueitina port, also located in the east, are still blocked due to a protest by locals demanding jobs, another oil official said.

The Arabian Gulf Oil Co (AGOCO) is part of the NOC state oil company controlling the country's oil and gas sector. The closure of several oilfields across the North African country has reduced Libya's oil production to between 380,000 and 400,000 bpd, an industry source has told Reuters. Libya had pumped up to 1.6 million bpd in 2010, before an uprising ousted leader Muammar Gaddafi.

The loss of oil revenue has triggered a public-finance crisis, forcing the central bank to use up a quarter of its foreign currency reserves in 2014, official data shows.

Libya is now caught in a struggle between two governments, one based in the east and a rival administration controlling Tripoli, as rebels who helped to oust Gaddafi in 2011 have fallen out along political, regional and tribal lines.

(Reporting by Ayman al-Warfalli; Writing by Ulf Laessing; Editing by Hugh Lawson and David Goodman)

Comments:

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Anonymous
6 days ago

Business News

Business News
Released:  18/05/20152015-05-18
Word count:  222

During the first quarter of 2015, MedServ continued to meet its targets both as to turnover and to profit margins

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Malta today
During the first quarter of 2015, MedServ plc continued to meet its targets both as to turnover and to profit margins.

As previously reported, all the Company’s offices, warehouses, and open storage areas continue to be almost fully utilised.

The Malta base remains busy servicing exploratory and production projects offshore Libya which include the further development of the Bahr Essalam field.

The current operations are expected to take two to three years to complete. The previously announced maintenance contract relating to offshore Libya has commenced and performance is on target.

The rig drilling offshore Cyprus has been withdrawn for planned maintenance. During the maintenance period which is expected to last some months, the 24/7 work basis on the Cyprus base is no longer required.

This has necessitated making a number of employees temporarily redundant until full time operations restart. In the meantime the Company continues to generate revenue from the base facilities.

The Misurata base remains dormant but the Tripoli office is very active in managing a number of administration contracts. Several international oil companies and service providers have relocated their Libyan operations to the Malta base taking advantage of the Company’s forty years experience and know how of operating in Libya.

The Company continues to actively search for additional opportunities both in the Mediterranean region and further afield including possible acquisitions.  
Comments:

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

Contact : Mr. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

Business News

Business News
Released:  15/05/20152015-05-15
Word count:  175

May 13 UniCredit, Italy's biggest bank by assets, has restored ties with its Libyan shareholders that had previously run into difficulty after a temporary seizure of Libyan assets in Italy, it said on Wednesday.

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Reuters
In a statement the Italian lender said Chairman Giuseppe Vita and Chief Executive Federico Ghizzoni met earlier on Wednesday with the Libyan central bank governor, Saddek Omar Elkaber, and Libyan Investment Authority Chairman Abdulrahman Benyezza.

"All parties were joined by a willingness and mutual interest in re-establishing ... cooperative ties that had been interrupted in recent years," the statement from UniCredit said.

UniCredit said documents at its annual shareholder meeting on Wednesday showed the Central Bank of Libya owned a stake of 2.914 percent jointly with the Libyan Foreign Bank, while the Libyan Investment Authority had 1.25 percent.

In 2012 Italian police seized more than 1.1 billion euros ($1.25 billion) worth of assets that it said belonged to ousted leader Muammar Gaddafi's family, at the request of the International Criminal Court.

The assets included UniCredit shares, which were later unfrozen.

Libya rmains in a state of political turmoil with two separate governments -- the internationally recognised one in the east and the rival administration in Tripoli - vying for control of territory. ($1 = 0.8818 euros)

(Reporting by Stefano Bernabei; Editing by Greg Mahlich)  
Comments:

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Anonymous
6 days ago

Oil & Gas News

Oil & Gas News
Released:  15/05/20152015-05-15
Word count:  57

BENGHAZI, Libya May 13 (Reuters) - One tanker has left Libya's eastern port of Hariga carrying 600,000 barrels of crude while another is set to load 650,000 barrels of oil from the eastern port of Zueitina, oil officials said on Wednesday.

Play
Reuters
The Zueitina crude came port storage, one official said, noting fresh supplies by pipeline were still being blocked by protesters demanding state jobs.

A third tanker was waiting outside Hariga to lift crude, while another tanker was about to bring imported fuel to the port.

(Reporting by Ayman al-Warfalli, writing by Ulf Laessing; editing by Jason Neely)
Comments:

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

Contact : Mr. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

Oil & Gas News

Oil & Gas News
Released:  14/05/20152015-05-14
Word count:  210

Eni SpA is producing around 300,000 barrels of oil per day in Libya, bringing output above pre-civil war levels despite ongoing strife in the African country.

Play
Bloomberg
“Our commitment in Libya is very strong, we are there, we are producing about 300,000 barrels per day,” Eni Chief Executive Officer Claudio Descalzi said in an interview in Rome after the company’s shareholders’ meeting.

The number cited is higher than the 280,000 barrels a day that Rome-based Eni produced in Libya before the ousting of former leader Muammar Qaddafi in 2011. Eni, Libya’s biggest oil producer, is one of the few foreign companies still operating there even after a face-off between rival governments and a surge in strikes and terrorist attacks forced most foreign businesses to leave the country.

“We don’t have any expatriates there, all the expats are offshore and onshore we have local staff working,” Descalzi said. While the company is concerned about potential terrorist attacks, he said there is a strong push for dialogue among the warring parties and he’s confident the situation will improve in Libya “in the medium-to-long term.”

Descalzi also said he expects the oil price to average around $55 to $60 this year, and to rise to about $70 by 2016. Low oil prices contributed to a 46 percent slump in Eni’s first quarter net income. “There is a positive trend because the demand for oil is increasing and the supply is falling,” he said.
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. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

Oil & Gas News

Oil & Gas News
Released:  13/05/20152015-05-13
Word count:  378

Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.

Play
Reuters
Violence in Yemen also boosted crude prices, raising concerns over the security of Middle East supplies. The dollar fell on bond market gyrations, making oil and other commodities priced in the greenback more affordable to holders of the euro and other currencies. [FRX/]

The Organization of the Petroleum Exporting Countries tweaked its 2015 world oil demand growth forecast to 1.18 million barrels per day (bpd), above a previous estimate of 1.17 million.

In Yemen, Saudi-led air strikes aimed at Iran-allied Houthis killed 90 people and wounded 300 ahead of a five-day truce to begin later Tuesday. Yemen is a marginal oil producer but its proximity to shipping lanes has raised concerns. North Sea Brent, a more widely used benchmark for oil, settled up $1.95, or 3 percent, at $66.86. The last time it rose 3 percent in a day was on April 23.

U.S. crude settled up $1.50, or 2.5 percent, at $60.75 a barrel.

Oil had its biggest monthly gain in six years in April, rising up to 25 percent on signs a global glut was easing. The market has been beset with volatility due to fears that higher prices were encouraging more production.

"The market is really torn between wanting to be on the bullish side when you have a weaker dollar and geopolitical situations like today, and staying in accordance with fundamentals, when there's already a deluge of West African crude barrels out there without buyers," said Andrew Lipow, president of Houston-based Lipow Oil Associates.

Industry group American Petroleum Institute said its numbers showed crude inventories down 2 million barrels to 481.9 million in the week to May 8. Analysts polled by Reuters had expected a rise of 400,000 barrels instead. The U.S. Energy Information Administration (EIA) will publish on Wednesday last week's official stockpiles data. [API/S][EIA/S]

On Tuesday, the EIA cut its 2015 forecast for crude output growth to 530,000 bpd from 550,000, and 2016 growth to 20,000, from 80,000 previously.

Saudi Arabia pumped 10.31 million bpd in April, up from 10.29 million in March, and Iraq plans record oil exports from its southern ports in June, sources said.

Goldman Sachs said the recent rally was "premature" and crude prices were "expensive relative to current and forecast fundamentals."

(Additional reporting by Himanshu Ojha in London and Henning Gloystein and Florence Tan in Singapore; Editing by Lisa Von Ahn, Andrew Hay, Ted Botha and Phil Berlowitz)  
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. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

Oil & Gas News

Oil & Gas News
Released:  13/05/20152015-05-13
Word count:  54

MILAN May 11 (Reuters) - Italian gas imports from Libya are to recover on Monday following the end of maintenance work at the Mellitah gas export complex in Libya, which had sharply curtailed flows since Friday, two industry sources with knowledge of the matter said.

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Reuters
Gas deliveries to Italy through Libya's Greenstream pipeline fell to around 3 million cubic metres (mcm) on Friday, from 23 mcm earlier, but flows had recovered to around 10 mcm over the weekend.

The disruption was caused by maintenance work at the Mellitah complex, which supplies Italy with gas.

(Reporting by Stephen Jewkes, writing by Oleg Vukmanovic)
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. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

Business News

Business News
Released:  12/05/20152015-05-12
Word count:  431

Carlson Rezidor, one of the most dynamic hotel groups worldwide, re-enters Libya by announcing the Radisson Blu Hotel, Misrata: the 126-rooms property is scheduled to open in early 2016 and will be the first internationally branded hotel in Misrata.

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rezidor.com
It is the conversion of an existing hotel and currently undergoing full renovation to meet Radisson Blu’s high service and safety standards.

“We look forward to arriving in Misrata. We know Libya from our time in Tripoli where we operated the Radisson Blu Al Mahary Hotel until its suspension in August 2014. Libya remains an attractive emerging market for us, and we carefully monitor its development. Although the overall situation is still at risk, we are confident that Libya will continue to recover from the unrest and to offer opportunities for international investments across all sectors”, said Wolfgang M. Neumann, President & CEO of Rezidor. Misrata, Libya’s third largest city and located on the Mediterranean Sea, is considered to be the most secure city in the country and is an active business hub due to its port and free zone.

The Radisson Blu Hotel, Misrata will be situated in the downtown area within a developing business district. Besides 126 guest rooms and 24 studios with kitchenette the upper upscale hotel will offer an all-day-dining restaurant, a speciality restaurant, and outside pool restaurant, a lobby lounge bar, 4 meeting rooms and a ballroom, a cinema night club, a gym and spa, and a business class lounge. Misrata’s international airport is just 6 kilometres away from the hotel.

“We drive our business through profound market knowledge, trustful relationships with our regional partners, and a pragmatic yet creative hands-on approach. Our aim is also to be a leading employer in the market where we trade. By offering jobs to local talent and engaging with the communities we are active in, we can make a huge difference”, commented Elie Younes, Executive Vice President & Chief Development Officer at Rezidor.

The Radisson Blu Hotel, Misrata will be operated by The Rezidor Hotel Group.

About Carlson Rezidor Hotel Group Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel groups and includes more than 1,350 hotels in operation and under development totaling 180,000 rooms and a footprint spanning 105 countries and territories. The Carlson Rezidor portfolio includes a powerful set of global brands: Quorvus Collection, Radisson Blu®, Radisson®, Radisson Red, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By CarlsonSM. In most hotels, guests can benefit from Club CarlsonSM, one of the most rewarding loyalty programs. Carlson Rezidor Hotel Group employs 88,000 people worldwide and is headquartered in Minneapolis, Minn., and Brussels, Belgium. Visit www.carlsonrezidor.com for more information. For further media information please contact: Christiane Reiter, Senior Director Corporate Communication, Christiane.Reiter@rezidor.com Renu Snehi, Senior Director PR, Brand & Marketing Communication, Renu.Snehi@rezidor.com
Comments:

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

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

Contact : Mr. Petrovic Dorde Email: directmandate@gmail.com Skype ID: petrovic.dorde

Anonymous
6 days ago

We are specialist in providing direct and geniune provider of BG, SBLC, MTN, CD,LC , Non collateral loan, confirmable Bank Draft and other financial assistance from AAA rated bank (Prime Bank) our Leasing price of (3.0% + 0.5% + X) of face value of the instrument. The financial instrument can be invested in High Yield Trading Program or Private Placement Programme (PPP). thus our Bank Guarantee lease , the Direct Bank Guarantee and Indirect Bank Guarantee, which is used as Bid Bond, Payment Guarantees, Letter of Indemnity,Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C.

We deliver promptly as set forth by our agreement. we have direct contact with the principal, mandate and brokers. we ensure unequaled service and will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively

For further inquiry contact E-mail: bglease.sekaran@gmail.com Skype ID: bglease.sekaran

Sekaran Sebastian
2 weeks ago
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