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

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Oil & Gas News

Oil & Gas News
Released:  02/07/20142014-07-02
Word count:  45

Russian “TAT Petroleum” announced that it resumed activities in Libya after stopping for three years due to political unrest and security situation.

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Mubasher
The Company’s chairman, Nael Maganov, says that they watch the situation in Syria closely looking forward to resume their work there.

In March 2011, Tat Petroleum had stopped drilling and suspended its contracts as well as evacuating the stuff after the revolution against Muammar Gaddafi.
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Sorin Lassmann
8 months ago

News Releases

News Releases
Released:  02/07/20142014-07-02
Word count:  96

Libya’s caretaker Prime Minister Abdullah al-Thinni held talks Wednesday with Turkish ambassador Ahmet Yakıcı on means of bolstering relations between the two countries.

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Euro Asia news
Al-Thinni lauded the Turkish support for his country following the popular uprising that ended the rule of former strongman Muammar Gaddafi in 2011, the Libyan government said in a statement following the meeting.

He also assured the Turkish diplomat that his government will not spare effort to protect Turkish nationals and companies in Libya, according to the statement.

Al-Thinni underlined the important role played by Turkish companies in helping Libya overcome its current hardships and underlined the importance of military cooperation between Libya and Turkey. Libya has been suffering from rising instability since Gaddafi’s ouster in 2011.
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News Releases

News Releases
Released:  02/07/20142014-07-02
Word count:  109

Libyan Prime Minister-designate met the Spanish Ambassador on the occasion of ending his work as an ambassador in Libya.

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Libyan investment
They discussed bilateral relations between the two countries and ways of developing them in various fields.

The Ambassador expressed his country's readiness to assist Libya in building state of institutions and cooperation in various fields, pointing out that the Spanish government is working hard to return the Spanish companies to resume work in Libya and expressed his happiness and gratitude for the democratic transition in Libya.

The Libyan Prime Minister-designate wished the Spanish King Philip VI every success and thanked the ambassador for all his efforts to promote and develop the relationship between the two countries and wished him success in the work assigned to him in the future.
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News Releases

News Releases Business News
Released:  01/07/20142014-07-01
Word count:  54

The Board of Central bank of Libya issued a decision with which it defined the regulations of domestic and foreign cash injection in Libya and getting it out.

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Mubasher
The Central Bank defined the domestic cash limit for travelers at LD 200, while the limit of foreign cash limit is at $10,000 or the equivalent in other foreign currencies.

The decision includes appointing the Financial Supervisory Authority in coordination with Custom Authority to create unified forms of custom declarations for travelers in Arabic and English.
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Oil & Gas News

Oil & Gas News
Released:  01/07/20142014-07-01
Word count:  375

Libya’s largest oil-export terminal, the port of Es Sider, may re-open in August after the North African nation’s new parliament takes office, said a spokesman of the rebel group that shut the facility almost a year ago.

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Bloomberg
“It’s possible to solve all issues and get to an agreement to re-open Es Sider and Ras Lanuf when the new parliament starts working, God willing, after Ramadan,” Ali Al-Hassy, a spokesman of the Executive Office for Barqa, said by phone from eastern Libya.

Ras Lanuf is the second of two ports still under control of the Barqa rebels. The Muslim fasting month of Ramadan started today in Libya and will finish with the Eid El Fitr holiday at the end of July.

The rebels’ Executive Office for Barqa seeks self-rule for the region known also as Cyrenaica. It occupied oil ports in eastern Libya at the end of last July, demanding an oil-revenue sharing agreement to make up for the neglect the area experienced under Muammar Qaddafi’s 42-year rule.

Libya, with Africa’s largest oil reserves, is now producing about 300,000 barrels a day, or a fifth of its output before Qaddafi was overthrown in 2011. The loss of the country’s oil production has boosted the price of Brent, a benchmark for half the world’s traded crude.

Comprehensive Deal

Under an agreement reached on April 6, the Barqa federalists handed over control of Zueitina and Hariga, two of the four oil ports they seized a year ago. In return, they received an amnesty and the payment of salaries for defectors from Libya’s Petroleum Facilities Guard who joined the rebels.

The accord calls for a second round of talks aiming at a comprehensive deal that would allow the re-opening of the two remaining ports, Es Sider and Ras Lanuf.

The Barqa federalists last month threatened to cancel the April agreement in protest over the appointment as prime minister of Ahmed Maiteg, whom they see as allied with the nation’s Islamists. His appointment was later withdrawn, and elections were held last week for a new parliament.

Danske Bank (DANSKE) on June 19 raised its third-quarter forecast for Brent crude to $107 a barrel, from $104, on the turmoil in Iraq and the protests at oil sites in Libya. “We expect the oil price to stay in the $108-114 a barrel range over coming months, as it will take some definitive progress in Iran and Libya for the oil price to break below this range,” it said
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8 months ago

News Releases

News Releases
Released:  01/07/20142014-07-01

تهنئ اسرة الموقع زوارنا الكرام بمناسبة حلول شهر رمضان المبارك. اعاده الله بالخير و اليمن و البركات

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LBTV Team
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News Releases

News Releases
Released:  30/06/20142014-06-30
Word count:  109

TRIPOLI - Libya's central bank is proposing issuing Islamic bonds to help fund the budget and offset a loss of oil revenues which could create a deficit of $25 billion this year, the bank's spokesman said.

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Reuters
The North African country is struggling with a budget crisis as a wave of protests at oilfields and exports ports has reduced production to less than 300,000 barrels a day, down from 1.4 million barrels a day in July when strikes started.

Parliament approved a $47 billion budget on Sunday but a central bank official said Libya would risk a budget deficit of 30 billion Libyan dinars ($25 billion) if this was implemented.

"We proposed to the central bank to create new funding sources for the budget such as Islamic bonds so we can use the liquidity of commercial banks," Musbah Alkari, director of the central bank's reserves department, told Reuters in an interview.
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Oil & Gas News

Oil & Gas News
Released:  27/06/20142014-06-27
Word count:  761

Harouge Oil Operation, is joint operating company on behalf of National Oil Operation Libya and Suncor Oil (North Africa) GmbH, Announces an invitation to participate in tender No (8 /2014) for local Companies that have the required Legal and valid License documents.

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NOC

Description of the Work:

scope of work consist of supplying all designs ,drawings, engineering, testing services,  labour , equipment and materials necessary to:

  1. supply and install of approximately ( 7,500) linear meter of new chain link fencing, eight (8) new double gates and three(3) new man gates for stations (1,2,3,4,5,6,7).
  2. dismantle and remove approximately (7,360) linear meter of damaged existing chain link fencing around the stations
  3. dismantle and re-install thirty three (33) existing double gates and seven (7) existing man gates.
  4. construct (960)m3 of new earth bund walls access.
  5. remove (870) m3 of existing bund walls.

To all specialized local companies in this field and  manufactures wish to participate in this tender who are technically capable to executing this tender, should send an approved representative to collect the tender package.

Note that the date for collection of the tender package commences on Monday 08/07/2014 until Thursday 11/07/2014 from ( 9:30) am to (11:30) am.

The Collection of the package is from Tender Committee office, 6th floor at the company head office in Tripoli. The package will be issued according to the following criteria:

  1. Official letter addressed to HOO Company’s Chairman of Tender Committee confirming the desire to participate in this Tender.
  2. Representative of the interested company shall be authorized to collect the tender package and shall present an official document stamped with a company seal.
  3. Provide a copy of the following legal documents:
    • Valid license compatible with the required work.
    • Commercial Registration
    • Certificate of Registration in Chamber of Commerce.
    • Payment of tax certificate
    • Article of association.

 

In case of no  queries / inquiries are received from the bidder prior to bid submittal , this will be deemed mean that the bidder had studied the scope / specifications bid package, found it clear from both technical & commercial aspects, therefore in case of any shortages and/or change of specifications from HOO original scope/specifications bid package, shall result in disqualifying the bidder’s offer, and shall be excluded from further considerations with no obligation to HOO to request any clarification from the bidder.

  1. Paying value of (650) LD (six hundred and fifty Libyan dinars) cash or by a certified check which is non refundable, issued by a Libyan bank in favor of Harouge Oil Operations.
  2. Bid bond with a value of (7,000) LD (seven thousand Libyan Dinars) submitted with your offer in the form of a certified check in a separate envelope, which shall be refunded in the event of failure to secure the tender. The check shall be issued by a Libyan bank in favor of Harouge Oil Operations.

Notes:Any company or contractor interested in participating in this tender is responsible for all costs involved.

If you have any questions please contact the Tender Committee via:

 fax no :+218- 21- 3330090

 Email to: sac@harouge.com

tender.sec-committee@harouge.com

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8 months ago

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9 months ago

Oil & Gas News

Oil & Gas News
Released:  27/06/20142014-06-27
Word count:  139

TRIPOLI, June 26 (Reuters) - Libya's oil output has risen to 300,000 barrels a day (bpd) after the El Feel field in the southwest increased production to 105,000 bpd, a spokesman for National Oil Corp (NOC) said on Thursday.

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Reuters
El Feel, operated by NOC and Italy's ENI, restarted work earlier this month after a protest there ended. The eastern Hariga oil port has reopened and is preparing to receive a tanker after a deal was reached with a different group of protesting security guards, NOC spokesman Mohamed El Harrai said.

A tanker would load 600,000 barrels of oil within four hours, the port manager said. The protesters had blocked tankers since mid-May from docking at the port, located in Tobruk. They allowed the loading of one tanker on Saturday but closed it again to demand more salary payments.

Libya's oil industry has been hit by waves of protests from state security guards, militias and tribesmen pressing the weak government over financial and political demands.

(Reporting by Feras Bosalum; Writing by Ulf Laessing; editing by Jason Neely and David Evans)
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8 months ago

Construction News

Construction News Business News
Released:  26/06/20142014-06-26
Word count:  66

Half a billion dinars for 40 projects in Alwahat.

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Libyan investment
Gallo city held a seminar to pursue projects of housing and utilities sector as well as roads and bridges department in the region.

The symposium was attended by the Municipal Council, an official of housing and roads and several civil institutions.

The participants discussed projects targeted which are more than 40 projects and have been signed since 2005 with a total value of half a billion Libyan dinars.
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Sorin Lassmann
8 months ago

News Releases

News Releases

EU project holds Inter-Ministerial Workshop to help Libya develop Migration Strategic Action Plan

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enpi-info
A one day inter-ministerial workshop on the development of a Strategic Action Plan for Libya in the area of migration is being organised today in Tripoli by the International Organisation for Migration (IOM), in the framework of the EU-funded Programme “Stabilizing at-risk communities and enhancing migration management to enable smooth transitions in Egypt, Tunisia and Libya” (START).

The session aims to identify migration priorities for the government. These issues will guide the development of future policies and programmes related to migration. Moreover, they’ll reflect Libyan national interests, applicable human right guarantees, and, support the socio-economic development of the country.

Eight Libyan ministries with migration functions are set to attend. These ministries include: The Ministry of Interior, Foreign Affairs, Labour and Capacity Building, Health, Finance, Justice, Defence, and, Social Affairs.

Dialogue will focus on the model of migration management that examines common migration functions under comprehensive categories. It will also apply elements of “institutions and relationships” and, “personal and performance” to the situation in Libya.

Participants will agree on a draft outline Strategic Action Plan that will be proposed by IOM at the end of the workshop.

The session is one of a four part series, part of the EU-funded Programme, “Stabilizing at-risk communities and enhancing migration management to enable smooth transitions in Egypt, Tunisia and Libya” (START). Remaining sessions will take place from June – November 2014.

START is a three-year programme that has received €9.9 million of funding from the EU and is being implemented by IOM in cooperation with the Governments of Egypt, Tunisia and Libya.The project is designed to establish the pre-conditions required to enable smooth transitions and comprehensive and sustainable recoveries in each respective country. (EU Neighbourhood Info)
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Oil & Gas News

Oil & Gas News
Released:  26/06/20142014-06-26
Word count:  75

Libyan oil is returning to global markets following the reopening over the weekend of the Eastern oil port of Hariga, after protests by guards over wages arrears came to an end.

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Libya business news
Speaking to The Wall Street Journal, a spokesman for state-owned National Oil Corporation (NOC) said a tanker with a capacity of 350,000 barrels destined for Europe has finished loading and a second will follow soon.

Following the resumption of production at two fields, the country’s oil production now stands at 270,000 bpd, up from about 150,000 bpd at the end of May, though still a fraction of normal output of 1.6 million bpd.

(Source: The Wall Street Journal)
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Sorin Lassmann
8 months ago

Business News

Business News
Released:  25/06/20142014-06-25
Word count:  119

Afriqiyah Airways will develop new work plans.

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Libyan investment
Afriqiyah Airways Company will set new development work plans to improve the level of performance, increase sources of income and growth rates, especially after the accession of a number of new aircrafts Airbus (200-A330) to its fleet through training, rehabilitation and expansion of the area of services to include stations in different countries of the world.

The company, during the past few days purchased a new headquarters for the company's management and other service departments so as to reduce spending. The company is currently operating in addition to domestic flights, many international flights, including: (Alexandria, Cairo, Tunis, Sfax, Jeddah, Khartoum, Casablanca, Amman, Rome, Dusseldorf, London, Istanbul, Injamena, Niamey , Paris) from the airports of Tripoli, Benghazi, Sabha, Misurata and Alabrak.
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  25/06/20142014-06-25
Word count:  100

The Second World Conference on environment in the oil and gas industry and the accompanying exhibition was under the slogan: "Environment-oil challenges of the present and future ambitions".

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Libyan investment
The conference was attended by the oil and gas minister-designate, Chairman of NOC, members of NOC Board of Directors, Chairman of the Management Committee of Brega Oil Marketing Company, chairman and members of the preparatory committee for the conference, a number of interested parties and specialists in the field of environment, delegates of local and international companies in the field of oil and gas.

NOC Chairman clarified the keenness of NOC in the field of the environment in order to create a clean environment and its commitment to regional and international agreements to address specific environmental problems in Libya.

(NOCLIBYA)
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  25/06/20142014-06-25
Word count:  151

TRIPOLI, Libya, June 24 (UPI) --A tanker loaded with Libya crude oil from the Elephant field is the first to leave port since operations resumed June 16, maritime data show.

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UPI
Production at the Elephant field boosted Libya's oil output from around 150,000 barrels per day to nearly 300,000 bpd.

Maritime traffic data from the Platts energy news service show Scorpio, a Greek-flagged crude oil tanker, left the Libyan port of Mellitah last weekend headed toward the Italian port city of Trieste.

Platts reported Monday that it marks the first delivery from Libya's Elephant field since operations began June 16.

Libyan rebels vying for more autonomy seized oil export terminals last year. The ripple effect pushed oil production down from the pre-civil war peak of around 1.4 million bpd to below 200,000 bpd.

Libya relies on oil for 96 percent of its gross domestic product. The Libyan government this week said it expected to run an $8 billion deficit this year. It passed a budget based on a production level of 800,000 bpd and oil priced at $100 per barrel, about $14 less than the price Tuesday for the global benchmark, Brent.
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Sorin Lassmann
9 months ago

News Releases

News Releases Construction News
Released:  24/06/20142014-06-24
Word count:  321

The African market is expected to account for a growing proportion of the UAE’s re-exported auto parts market during the coming years.

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Construction week online
Automotive Africa – Mega Trends, a white paper produced by Frost & Sullivan, states that Nigeria, Angola, Congo Republic, and other North African countries such as Libya, are gaining in importance as markets for re-exported parts from the UAE. These countries currently account for between 30% and 35% of total exports from the UAE, whereas in three to four years, the report predicts that the market share for the African region will rise to 45% to 50%.

The white paper highlights a number of other key trends likely to impact the future growth of the African continent and its automotive industry. The market shows significant potential for growth owing to the 21.6 million passenger vehicles that are currently operational across the continent.

“On the back of double-digit growth of demand in key Sub-Saharan countries, the value of Africa’s auto parts market is likely to double by 2020,” commented Subhash Joshi, industry manager at Frost & Sullivan for automotive and transportation practice in the Middle East, North Africa, and South Asia.

“Countries such as Nigeria, Kenya, Uganda, and Ghana have witnessed double-digit growth in demand of parts in the last five years,” he added. The report points out that owing to foreign investment, especially from China, increasing numbers of vehicles are being developed specifically for African terrains. Even so, the paper reveals that European and American auto brands are most popular in North Africa, whilst Japanese and Korean manufacturers occupy the top spots across West and Sub-Saharan Africa.

Local parts production is limited to a selection of North African countries such as Algeria, Egypt, and Morocco. Although aftermarket is experiencing growth in the continent, competition between manufacturers and importers of new vehicles is also intensifying.

Automotive brands are taking direct action to grow their presence across the regions in anticipation of market growth. Honda, for example, is setting up a West African office in Nigeria. Importers, meanwhile, such as UAE-headquartered Al-Futtaim Group, are also making moves in the African market.
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9 months ago

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News Releases

News Releases
Released:  23/06/20142014-06-23
Word count:  93

Association of Banks organized under the auspices of Central Bank of Libya a workshop on the reality of the sector, its development, challenges and future prospects.

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Libyan investment
This workshop was attended by Deputy Governor of Central Bank of Libya, chairman of the Association of Banks of Libya and a number of heads of departments of public sector banks. The workshop centered on several axes of Islamic banking, transformation challenges and bank liquidity as well as the reform and development of banking services and the role of technical and electronic clearing.

Participants discussed the law passed by the National Congress which will be implemented as from 01/01/2015 converting banks to Islamic banks and their willingness to start the process of Islamic banking.
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Oil & Gas News

Oil & Gas News
Released:  23/06/20142014-06-23
Word count:  63

(Reuters) - Libya's eastern Hariga oil port has reopened after a protest by security guards ended there, receiving the first tanker loading 750,000 barrels of oil, a spokesman for state-owned National Oil Corp (NOC) said on Sunday.

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Reuters
A second tanker would dock later on Sunday at the port located in Tobruk to load 600,000 barrels of oil, NOC spokesman Mohamed El-Harari said.

He also said the western El Feel oil field was working "normally" after a separate protest had ended there more than a week ago. (Reporting by Feras Bosalum and Ahmed Elumami; Writing by Ulf Laessing; Editing by Sophie Hares)
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  20/06/20142014-06-20
Word count:  116

Libya’s western El Feel [El Fil, Elephant] oilfield has resumed production on Sunday after security guards ended a protest that lasted more than two months, reports Reuters.

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Libya business news
Acting Oil Minister Omar Shakmak told the news agencies that authorities had reached an agreement with protesters. “The protesters agreed to reopen the field which restarted work yesterday and today,” he said. Production at the oilfield, located in the southwest, will reach 80,000 barrels a day within 24 hours, according to the head of the ministry’s inspection and measurement department. The field, operated by state-owned National Oil Corporation (NOC) and Italy’s ENI, was producing around 85,000 bpd before the shutdown.

Oil flows from the Eastern Zilten field, which is controlled by state company Sirte Oil and supplies the Brega oil terminal, also restarted in recent days, according to the Wall Street Journal.

(Source: Reuters, Wall Street Journal)
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9 months ago

Contract News

Contract News Business News
Released:  20/06/20142014-06-20
Word count:  145

DataTech Consulting specialises in the design, implementation and support of SAP enterprise resource planning (ERP) systems.

Play
Times of Malta
Already boasting a successful portfolio of SAP implementations and related projects in Malta and Libya, DataTech Consulting is an official SAP partner in the European Union and Middle East and North Africa territories (SAP service partner and SAP value added reseller).

DataTech Consulting uses best-of-breed service delivery methodologies (including its proprietary methodology aptly called DOIT) to provide the client with the best possible service, both in terms of quality and efficiency, which of course translates into a significant reduction of project-related expenses and a quicker return on IT investment.

Furthermore, different training products have been developed by DataTech Consulting covering from basic training up to SAP KEY user training on specific SAP modules. All training material is available in different languages (including Arabic) for maximum training efficiency.

Both DataTech Consulting (Malta) and DataTech Consulting (Libya) are members of Data¬Tech Consulting International (www.datatech-int.com).
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Sorin Lassmann
9 months ago
Find out what contracts are on offer in Libya
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