An Open Invitation to Purchase of one (FM-200) Filling Station for Ras Lanuf

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Business News

Business News
Released:  28/03/20142014-03-28
Word count:  41

The French IMB Company will return to Libya.

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Libyan investment
IMB Company agreed to return to Libya next week after agreement of the medical administration to provide accommodation and guarantee security of its employees.

The company shipped all medical equipment and requirements according the signed contract with the Libyan Health Ministry.
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Oil & Gas News

Oil & Gas News Business News
Released:  28/03/20142014-03-28
Word count:  454

The CEO of Italian energy company Eni says he's optimistic that Italy has a secure gas supply from Libya in case imports from Russia are hurt by sanctions. But the amounts, analysts warn, are dwarfed by the size of Russian supplies.

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Miami herald
Italy and other European countries are assessing their energy supplies amid concerns that imports from Russia might be pinched in the case sanctions between Moscow and Western powers are escalated. For Italy, Libya has been a key source of gas, but the country's production has not recovered fully since its civil war in 2011 due to continuing security issues. Amid the uncertainty, Paolo Scaroni went to Libya last weekend to assess the situation.

"I wanted to assure myself of the security of the alternative supplies for our country in case the situation worsens" with Russia, Scaroni told Corriere della Sera newspaper in an interview published Tuesday. Scaroni said interim Libyan prime minister, Abdullah al-Thinni, the former defense minister, "made a good impression," and praised him for his handling of internal regional disputes as well as a recent attempt by rebels to illegally sell oil to North Korea. Scaroni told the Libya Herald in a separate interview that besides interrupting supplies, shutdowns caused by strikes and unrest risk permanently damaging extraction by hurting the geology of the field, which requires natural pressure.

Eni produces gas in Libya used to generate domestic electricity and also for export to Italy via the Greenstream pipeline, which is solely for domestic Italian consumption.

The pipeline's capacity is 9 billion cubic meters a year, but last year less than 6 billion cubic meters were transported due to security issues in Libya, said Nicolo Sartori, an energy expert at Rome's Rome's IAI Institute. The Libyan supply is important to Italy's energy security, but not nearly enough to replace a shortfall if Russia should halt supplies, Sartori said.

Last year, Italy consumed 70 billion cubic meters of gas, with 30 billion cubic meters arriving from Russia. Algeria is the other main supplier, but supplies were drastically reduced to 12.5 billion cubic meters in 2013, from 20 billion cubic meters a year earlier, because of a price disagreement.

Scaroni told the Corriere paper that he is optimistic the Algerian supply is stable even with elections upcoming on April 4. "The price will be higher, but Algeria has the capacity to export," Sartori concurred. Eni is the largest international oil company operating in Libya, currently producing 250,000 barrels of oil equivalent daily — down from 280,000 barrels before Libya's 2011 civil war. Scaroni was traveling to Washington for meetings with the U.S. State Department this week. He told Corriere the focus would be on oil prices and "the potential problem of supply security." He said the U.S. boom in gas production will be of little help to Europe in case Russian supplies are limited.

"Unlike petroleum, which is bought just about anywhere, gas requires infrastructure, a liquefying plant, ships, regasification plants. It's not about opening a tap and closing another," Scaroni told the daily Corriere.

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we supply the westren and the world by energy and world should stand by side libya

Comesa ( Libya )
8 months ago

Business News

Business News
Released:  27/03/20142014-03-27
Word count:  324

Organizers of the Libya Build 2014 exhibition, ATEX, report that they have sold a record 10,000 square metres of outdoor exhibition space, selling out their availability two months prior to the event. “We are trying to accommodate further companies on our waiting list for over 500 square metres”, they report.

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Libya herald
Moreover, they report that 75% of the indoor space of 21,600 square meters is sold out, with an expectation that the remaining available space will be sold out by the end of March.

Libya Build 2014 will be the tenth edition of the show and will be held 19-22 May at the Sports City, Tripoli. It is the leading exhibition in Libya for building and construction attracting leading international heavy equipment and machinery brands such as Caterpillar, Komatsu, Volvo, Hyundai and JCB.

The organizers report that Turkey is expected to have the largest group participation in this year’s event, with exhibition space reserved for Turkish companies already sold out. The organizers say that they must provide more space due to the “huge demand from the Turkish market”. Another country with very large participation is China, doubling the amount of exhibition space booked compared to 2013., ATEX report. The foreign trade promotion organization of the Austrian Federal Economic Chamber, confirmed their group participation with 9 Austrian companies this year.

Egypt, Italy, Spain, Portugal, Tunis, Malta and India are are also expected to have large participation and will confirm their final numbers by the end of March.

There will also be individual international companies from Germany, France, Greece, Hungary, and Saudi Arabia, which have secured their places at Libya Build and ATEX report that they are still receiving inquires on a daily basis from all over Europe.

The organizers also report that major brands representatives in Libya as well as contractors, construction companies will be participating in Libya Build 2014 along with governmental organizations such as ODAC and other Libyan consultancy offices.

The organizers have also introduced a new way of registration this year to avoid queues at the entry gates. This year visitors can send their full names via SMS to 20120 to obtain a code which will allow them to print their badge online in advance, thereby avoiding opening day queues. ATEX report that the event attracted 25,000 visitors last year.
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Construction News

Construction News Business News
Released:  27/03/20142014-03-27
Word count:  48

The Cabinet approved at its last meeting in Ghat to activate the planned housing project in the area Ticka in Benghazi.

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Libyan investment
The Minister of Culture in charge of the Ministry of Housing pointed out that permission was given to real estate registration authority to grant testimonies for real estate concerned for the purpose of obtaining compensation and also granted permission for Libyan real estate company for payment of compensation.
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Construction News

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The local council resumed implementation of the project to establish a cement plant in the city for Nisr company for cement industry.

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Libyan investment
The Council stressed the need for a local company to pave the road from the plant site to the quarry site as well as establishment of investment projects in the fields of industrial and real estate in the city to support the establishment and operation of projects and processing utilities, health care, social and sports in the city through the sales revenue of the plant or addition of a margin of not more than 4 % on sales of cement factory.
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Contract News

Contract News Business News
Released:  27/03/20142014-03-27
Word count:  165

Temporary power specialist APR Energy’s (APR) shares ticked up 3 per cent on these results as the company address some of the concerns about its Libyan contract. APR has a contract with the state-owned utility there to provide power to more than a million people.

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Investors chronicle
And two key milestones were achieved last year. Firstly, getting the project - APR’s biggest ever installation - up and running, and then actually getting paid for it in what remains a highly volatile political climate. APR says its Libyan customer is up to date with all payments and $100m (£61m) cash has been received so far.

There was also some encouraging momentum in new business with a record 740 megawatt (MW) of fresh contracts won in 2013. And that trend appears to have carried over into this year with an 82MW contract signed in Myanmar and a further 60MW win in the South Pacific announced alongside these results.

Reported figures (see table) are impacted by a large write-down of intangible assets in 2012. On an adjusted basis, pre-tax profit slipped 12 per cent to $56m on higher finance costs as the acquisition of GE’s power rental business was absorbed. But JP Morgan Cazenove expects a profit recovery this year to $131m, giving earnings per share of 112¢ (2013: 59¢).
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Business News

Business News
Released:  26/03/20142014-03-26
Word count:  192

Build Expo Libya will be held for a period of four days in Misurata, Libya. 09-12 Sep 2014

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By attending this event the exhibitors will get a scope to put on display electrical & mechanical systems, decoration & interiors, building integrated systems, water technology & environment, air conditioning & refrigeration, glass, wood & metal, marble, stone & machinery, bathrooms & ceramics, landscape & gardening, building equipments, electric and lighting systems and innovative products and services related to building and construction industry. Build Expo Libya will attract members of contractor firms, construction subcontractor firms and suppliers of construction materials from all over the world. These attendees can share their knowledge and technical expertise with each other and also with the attendees like decision makers and interested buyers.

Directions

Misurata Exhibition Center 09-12 Sep 2014



Misurata – Libya
Misurata, Libya




Organizer

Turkel Fair Org. (Turkey)


Huzur Mah. Fatih Cad. 4.Levent Plaza No: 67/6, 34396 Sisli
Istanbul, Turkey

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Contract News

Contract News Business News
Released:  26/03/20142014-03-26
Word count:  214

European leisure carrier Small Planet Airlines has signed an agreement with Afriqiyah Airways, Libya's state-owned airline to launch regular flights from Tripoli International Airport (TIP) to airports in Western Europe.

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Arabian aerospace
Small Planet is to run daily flights from Tripoli to Düsseldorf (DUS, Germany), London Gatwick (LGW, UK) and Paris Charles de Gaulle (CDG, France).

The two-month agreement has been signed with Afriqiyah Airways, and two Airbus A320s will be used for the flights (SP-HAD and SP-HAC).

“In the winter season, when European leisure travel is low, Small Planet Airlines seeks to operate some of its aircraft outside Europe. This winter, our aircraft carried passengers from Bhutan to Thailand, and now we have been chosen by Afriqiyah Airways to service their flights to Europe,” said Vytautas Kaikaris, CEO of Small Planet.

Before starting flights from Libya, Small Planet Airlines undertook thorough flight safety analysis and adequately prepared for flights by training and coaching its flight crews and enhancing airport and flight security measures. In-flight security officers will also be deployed on every flight.

Afterf the ban on Libyan aircraft by the UN during the civil war, Libyan-registered aircraft were expected to have been again permitted to enter EU airspace. This did not happen and Libyan-registered aircraft were placed on the European blacklist.

In order to get round the EU ban, Afriqiyah has wet-leased an A320 (ER-AXP) from Air Moldova, which complies with the EU requirements before signing the short-term agreement with Small Planet.  
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Contract News

Contract News
Released:  26/03/20142014-03-26
Word count:  124

EMC Satcom Technologies, a division of Emerging Markets Communications, announced today an agreement with Hatef Libya to provide a satellite network across the country to serve telecom backhaul, oil and gas, banking, and government.

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IT Business net
The solution is built upon EMC Satcom Technologies' SatLink® product line to provide reliable satellite networking technologies utilizing trusted international open standards. With SatLink, Hatef will enable robust services across Libya while reducing overall operational expenses.

Hatef Libya, established in 2008, operates and maintains the Libyan State communications systems and is responsible for the development of a quality phone network across the country.

The company is a major contributor to the growth of the economy and improving the society in general.

"Our solution will provide a single, efficient and dynamic satellite backhaul network that will multiply the total available capacity to each site many fold, lower the cost per site, and improve link availability dramatically," said Payam Herischi, President and CCO of EMC Satcom Technologies.  
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Oil & Gas News

Oil & Gas News
Released:  25/03/20142014-03-25
Word count:  179

The acting Prime Minister, Abdullah Al-Thinni met yesterday to discuss oil and gas production issues with the CEO of Italian energy giant Eni, Paolo Scaroni, who was on a flying visit to Tripoli.

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Libya herald
Eni, which has been in Libya since 1959, is the largest international oil company operating in the country, with around 3,000 employees, and producing in partnership with the NOC all of the country’s gas and a considerable percentage of the oil. At the moment with the eastern oil ports still blockaded, it is involved in the production of almost all Libya oil being pumped.

The main issue in discussions was, according to Eni, “the importance of maintaining and increasing Eni’s current production levels in Libya, of fundamental importance for the country given that at present the company, jointly with NOC, operates the majority of overall Libyan hydrocarbon production, ensuring the generation of electricity for local use”.

Given the current events in Ukraine, through which Russian gas in piped to Europe, the importance of Libya to Italy’s gas supply security was also discussed, according to Eni.

The talks further covered future Eni investment, including social development projects, notably in education, health and water supplies, in areas near the oil and gas fields, according to the Prime Minister’s office.
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News Releases

News Releases

The British ambassador to Libya, the military attache and a number of advisors in the Embassy visited the city of Gharyan.

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Libyan investment
The visit included the training center of National Army affiliates to the Military District of Algabal Algharbi in which participates the training by a number of British experts and also visited the headquarters of the battalion ( 523 ) air defense affiliated to the chief of staff of the Air Defense army of Libya.

During the visit, a meeting was held to discuss the possibility of Britain's contribution to the establishment and composition of state institutions, especially the army and police in addition to its contribution to the removal and disposal of remnants of war in the area.
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Business News

Business News
Released:  24/03/20142014-03-24
Word count:  389

Etisalat Academy, Telecommunications and Information Technology Company (LPTIC), UAE, United Arab Emirates

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Libyan investment
Etisalat Academy, the largest single-source provider of training and development solutions in the Middle East, has signed an agreement with Libyan Post Telecommunications Information Company for the establishment of a training academy in Libya.

The MoU was signed by Ali Al Sharid, the CEO of Etisalat Services Holding and Dr Faisel Gergab, the chairman of Libyan Post Telecommunications Information Company in the presence of Dr Aref Nayed, Libyan Ambassador to UAE; Dr Majdi Ashibani, ICT Academy chairman; and Dr Ali Al-Qayedi, GM, Etisalat Academy, and other senior executives.

As per the agreement, Etisalat Academy will assist the Libyan company determine their training needs across their eight subsidiaries and provide support to establish a training academy in the country.

Etisalat Academy will help develop the capabilities of the 14,000 employees working in the postal and ICT sectors in Libya through training, assessment and development initiatives.

Libyan Post Telecommunications Information Company is the national operator that provides fixed, mobile and internet related services throughout the country and the partnership stems from a strong belief that technology is the creative engine of many future opportunities for Libya.

Ali Al Sharid said this partnership with LPTIC Holding was a key milestone in the geographic expansion plans of Etisalat Academy. “Tapping into our experience, we will help develop the LPTIC workforce to boost productivity, lower costs and ensure higher employee morale and loyalty. Subsequently, we will expand the partnership to provide learning and development of skills to the wider Libyan community,” he added.

Dr Faisal Gergab said the establishment of the training academy in partnership with Etisalat Academy is part of Libya’s commitment to create an innovative, progressive, market-based economy.

“With the expertise of our partners, our staff will learn about new technologies and strategies, thus giving us a competitive edge in the marketplace. We take pride in employee development and would like to be the benchmark for efficient work practices and a highly skilled workforce, in the region,” he added.

Etisalat Academy will manage the training and development requirements of the Libyan employees either in its own state-of-the-art facility in Dubai or in the centre being built in Libya, said Ali Al Sharid.

The development programs will focus on several areas such as psychometric and competency assessments, technical and ICT knowledge, soft skills as well as talent and leadership development programs, he added.  
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Construction News

Construction News Contract News Business News
Released:  24/03/20142014-03-24
Word count:  138

A special agreement was signed last week, to put the first steps in motion for the construction of a commercial sea port at Zawia.

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Libya herald
The idea behind the project is to build a commercial sea port in the western area of the town. The Zawia port would help ease the burden carried by Tripoli port, where berth space is so limited vessels are kept waiting for up to ten days.

The signing was attended by the Executive Director of the Libyan Interior Investment Fund, Badrudeen Bin Otman, members of the local council and a number of specialists in the field of port development.

“This strategic project will provide services to the entire western region and will contribute to the activation of the economic movement, trade and investment in the region,” Bin Otman said.

An official from Zawia Local Council said the agreement related to the design-preparation stage of the project. There would also be consultations on legal and technical matters, he said.  
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News Releases

News Releases
Released:  21/03/20142014-03-21
Word count:  99

WASHINGTON (AP) — A senior Army official says a small team of soldiers will go into Libya in the coming weeks to begin preparations for a larger U.S. mission to train Libyan troops in Bulgaria.

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Yahoo news
The official says fewer than a dozen soldiers will go to Tripoli but that number could grow a bit as the group begins selecting the Libyan troops who will receive U.S. training.

About 500 soldiers from the 1st Infantry Division will train 5,000 to 8,000 Libyan forces in basic combat skills as part of a larger international effort to improve security in the North African nation.

The training was announced late last year, but sending a team into Libya was not. The official spoke on condition of anonymity because the official was not authorized to publicly discuss the matter by name.  
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Construction News

Construction News Business News
Released:  21/03/20142014-03-21
Word count:  55

Construction of great subway (metro)

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Libyan investment
Deputy prime minister for technical affairs headed a meeting for construction of metro in Tripoli and Benghazi to put an end to traffic congestion and to provide the best services to citizens in communications.

This project will be implemented by consortium of specialized Chinese and British companies with the participation of the internal investment fund.
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Business News

Business News
Released:  21/03/20142014-03-21
Word count:  113

Libya is willing to utilize Jordan's expertise in investments, in development projects and in free zones, said Libyan Ambassador in Amman Mohammad Al Ghirani.

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Zawya
At a meeting on Wednesday with Acting Commissioner of the Development and Free Zones Commission, Khaled Abu Rabe'e, Ambassador Ghirani praised the large volume of investments at the free zones, especially in the areas of minerals and tourism.

Abu Rabe'e said that the meeting aimed at enhancing bilateral cooperation, calling on the Libyan public and private sectors to explore investment opportunities in Jordan and have a firsthand look at the investment successes achieved in the development areas.

He also presented a briefing on the benefits and incentives offered by the Commission for investors, as well as its mechanism of action under which it provides infrastructure and services needed to embrace the economic projects.
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Business News

Business News
Released:  20/03/20142014-03-20
Word count:  49

Tunisian official announced that a joint committee on the Tunisian -Libyan border between the two countries reached an agreement to activate the free trade area and to create jobs in order to address the phenomena of smuggling and parallel trade.

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Libyan investment
The project will start in a free trade area near the border and the first estimated cost is 100 million dollars.

The logistics of this area will contribute to the important transformation of the area from just crossing, smuggling and trade in parallel to a fixed area of free trade.  
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Business News

Business News

A Libyan-Indian business networking lunch was held at the Safir Indian restaurant, Baladia Street, Tripoli today hosted by the Indian embassy.

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Libya herald
Over thirty leading members of the Libyan business community from all over Libya, the Libyan Businessmen Council and representatives of leading Indian companies in Libya were present.

At the event Indian ambassador Anil Trigunayat confirmed that there will be a large Indian Pavilion at the 42nd Tripoli International Fair hosted at Tripoli’s International Fairgrounds from 2-12 April. This will be the first official participation by India since the 2010 fair which will be led by the Indian Trade Promotion Organization (ITPO), part of the Indian Ministry of Commerce & Industry.

There will be over 160 representatives of at least 80 companies, in sectors including the processed/semi processed food products (marine, tea, coffee and fruit), textile/garments/apparel, leather products, electrical/electronic home appliances/equipment, handloom and handcraft products, carpets, furniture, cosmetic/personal care products/herbal care products, pharmaceutical products and gems, jewelry products.

At the Tripoli International Fair an “India Day” will be held under the title “Indian-Libya: Business Partners in Progress and Development”. This will act as a networking session for government officials, Indian and Libyan business representatives as well as the various chambers of commerce and business councils.

The ambassador also revealed that to coincide with the fair a high level delegation of around 14 CEO’s representing various Indian companies in the fields of pharmaceuticals, health, food products, leather, IT, machinery, construction and engineering, iron and steel, energy, and consultancy will be visiting Libya from 6-8 April.

The CEO delegation will be led by India’s premier business organization, the Confederation of Indian Industry (CII). The CII will be here to explore business potential in Libya with both the public and private sector and both in Tripoli and the rest of Libya.

It will be worth mentioning that while some countries and their companies have shown reluctance to come to Libya, Libyan-Indian bilateral trade has enjoyed huge growth after the revolution reaching around US$ 2 bn from April 2013 to March 2013.

During this period, India’s exports to Libya reached over US$ 215 million while Libya’s exports to India were over US$ 1,700 million. India’s main items exported to Libya were coffee, manufactured tobacco, marine products, processed minerals, pharmaceuticals, chemicals, machinery & instruments, transport equipment, natural silk yarn, fabrics. Libya’s exports were oil and oil products.
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News Releases

News Releases
Released:  19/03/20142014-03-19
Word count:  250

Libya and Egypt are to suspend entry visa requirements for residents who live either side of the border.

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Libya herald
The deal was hammered out at a meeting on Saturday in the Egyptian town of Mersa Matruh to discuss cracking down on smuggling and illegal immigration. It brought together local military, immigration, customs, national security and intelligence officials from the Libyan and Egyptian border zones.

The plan is that, as of next week, residents from Tobruk and the surrounding area will be able to cross to Egypt on Sundays and Mondays without visas. Egyptians resident in the Mersa Matruh district will be able to enter Libya visaless on Wednesdays and Thursdays, local Tobruk reporter Mohamed Fezzani told the Libya Herald.

On other days, visas will be required.

A year ago, there was chaos at the Musaid border crossing after it was blockaded by members of the Awlad Ali tribe, resident on both sides of the frontier, following Libya’s decision that all Egyptians in future had to have visas to travel to the country. Previously members of the tribe had been able to travel freely back and forward without visas. In a bid to calm tensions, Libya and Egypt then agreed to open consulates in Mersa Matruh and Tobruk to ease visa applications but they never materialised.

Saturday’s Mersah Matruh meeting also looked at other possible measures to improve border security and ease the flow of traffic between both sides.

The removal of visa requirements for local residents is, according to Libyan news agency LANA, seen as a first stage in stablising the border area and thus improving security.

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Business News

Business News
Released:  19/03/20142014-03-19
Word count:  342

Morocco and Libya are examining ways to strengthen economic ties, but government officials and analysts say there is still room for improvement.

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Magharebia
Their second economic summit, held last week in Morocco, evaluated the countries' progress and expectations. Bilateral trade reached 900 million dirhams (80.1 million euros) last year and Libya's direct investment (mostly in real estate) in Morocco has spiked since 2011. The numbers could be even higher, Morocco's minister delegate for foreign trade told the Casablanca conference on Friday (March 14th). And better relations between Morocco and Libya mean better chances for the entire Maghreb, Mohamed Abbou indicated.

"Morocco aspires to strengthen its co-operation with Libya in order to achieve the objectives of the sought-after Maghreb regional integration, enshrined as a strategic choice for the kingdom in its new constitution, and to create suitable economic conditions to foster shared wealth," the minister delegate said.

Libyan businessman Mohamed Charaf agrees that there is a lot of unexplored potential between the two countries, especially in sectors like infrastructure and agribusiness. The kingdom had hoped to see stronger economic relations with Libya following the end of the Kadhafi regime, Moroccan economist Karim Tourabi tells Magharebia.

Morocco could have a much better position on the Libyan market, given its experience in areas such as infrastructure and industry. And government officials from both sides have repeatedly proposed stronger ties, the economist says. "The political will to develop economic co-operation is there, and this was demonstrated at various official meetings," Tourabi says. "We must now move on to concrete action by encouraging investors," he adds.

Moroccan and Libyan businessmen should intensify their exchanges in order to be able to better know each other, the economist suggests.

There are also new horizons to explore, such as the promising tourism sector, he says. Another step to consider is a free trade agreement, to "facilitate bilateral exchanges of products and services", he says. Many citizens also support efforts to strengthen economic bonds between the countries.

Accountant Chada Baliti says investment opportunities need to be seized in Libya.

Reinforcing the partnership between Morocco and Libya falls within the framework of Maghreb economic integration, she says. "It will also help promote employment for young people," she adds.
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