NOC expects production to hit one million b/d Sanalla says

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Business News

Business News
Released:  08/08/20122012-08-08
Word count:  291

RWE Dea Cyrenaica GmbH - Libya Branch (Company) intend to issue the tender described below and wish to invite for pre-qualification, interested, experienced and reputable companies (contractor) specialized in providing Inspection Services.

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Mina Monir
SCOPE OF WORK SUMMARY: The Area 58 (Cyrenaica) work program consists drilling of two exploration vertical wells until 31 May, 2013. Maximum depth is 9000 feet new field wildcat wells. No back to back drilling, gap of 3 months between 1st and 2nd well. Under the scope for the planned tender the potential contractor shall act as general contractor for all activities and services necessary to perform the above task. It is left to the prospective bidders to take part in the entire work packages or only in single parts of them. The pre-qualification is divided into the following parts: Part1: · 3rd party rig inspection Part2: · Casing and tubing NDT inspection · Downhole equipment NDT inspection · Tubular and tools inspection services PROJECT TIME CONSTRAINTS Latest spud date for second well is May 31, 2013 WORK LOCATION Area 58, Cyrenaica, Libya QUALIFICATION DOCUMENTS Interested Companies are required to obtain the pre-qualification package from RWE Dea Procurement Department located in: 15/A Barcelona Street Hai Andalus Tripoli, Libya Tel.: +218-21-4775500-Ext: 2108 Deadline for submission of filled out questionnaire is August 16th 2012. Important Notes: 1. The pre‑qualification request is not an invitation to tender. Company is neither committed nor obliged to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract. 2. The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been successfully pre-qualified. 3. Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice. 4. Company shall deal only with authorized officers of the bidding companies and not through individuals or agents. 5. For any clarification or inquiry, please email to: TenderArea58@rwedea.com
Comments:

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgari.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Oil & Gas News

Oil & Gas News
Released:  08/08/20122012-08-08
Word count:  247

VIENNA, Aug 8 (Reuters) - Austrian energy group OMV posted a 82 percent increase in quarterly operating profit on Wednesday, easily beating market forecasts, as production returned to nearly normal in Libya and crude oil prices fell, boosting its refining margin.

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Reuters
OMV said its clean CCS earnings before interest and tax (EBIT), which excludes special items and inventory holding effects, was 865 million euros ($1.07 billion) in the June quarter, well above a Reuters poll average of 829 million euros.

The oil and gas company said production in Libya - which accounted for 10 percent of output before last year's civil war that toppled Muammar Gaddafi - had neared pre-war levels and was expected to stay at current levels for the time being.

It said exploration expenses had fallen to 57 million euros in the quarter from 179 million a year earlier.

OMV, whose activities range from exploration to petrol stations, said production in Yemen had restarted at a low level in July following the repair of an export pipeline but the security situation remained uncertain.

The company said refining margins had spiked in the second quarter and were expected to deterioriate as crude oil prices recovered, while petrochemical and marketing margins would suffer from the subdued economic environment.

In the second quarter, OMV's clean CCS net income jumped 89 percent to 455 million euros, compared with the Reuters poll average of 404 million euros.

OMV has embarked on a performance-improvement programme, designed to increase its return on average capital employed (ROACE) by 2 percentage points by 2014, and is also divesting assets as it shifts its focus to exploration from refining.

"I am glad to see our strategy implementation is gathering pace," Chief Executive Gerhard Roiss said in a statement. (Reporting by Georgina Prodhan; Editing by Michael Shields)
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Business News

Business News
Released:  07/08/20122012-08-07
Word count:  191

The Libyan Prime Minister Abdul-Rahman al-Kib declared during a visit to Cairo that Libya and Egypt have reached new economic agreements that will open the door for further cooperation.

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Mina Monir
While visiting Cairo, Mr. Al-Kib announced that Libya will provide 1 million job opportunities for Egyptians. During his stay in Egypt, Mr. Al-Kib met the Egyptian President Muhammed Mursi and the newly appointed Prime Minister Hisham Qandeel for discussions concerning the means to increase economic cooperation between the two neighbouring countries. According to Egyptian and Libyan media reports, discussions included increasing bilateral cooperation in a number of areas, particularly in commerce, industry, education and agriculture. Al-Kib stated that the job opportunities provided for Egyptians will be concentrated in the petroleum industry, construction sectors and IT.

The assistant of Egypt’s Foreign Minister, Ambassador Ayman Misharafa, stated that the Libyan Economy Minister has agreed with his Egyptian counterpart to support Libyan projects based in Egypt. This includes the big housing project in the New Cairo area and a plantation of 33 thousand acres. The Libyan delegation declared their readiness to invest in the Egyptian stock market. The negotiations also included a discussion of the possibilities to establish a ‘free industrial zone’ between the two neighbouring countries. This will be preceded by an official visit paid by Egyptian businessmen to Libya, planned for next September.
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Business News

Business News
Released:  07/08/20122012-08-07
Word count:  326

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Mina Monir
Sonatrach International Petroleum Exploration and Production Corporation (SIPEX – Libyan branch) Will start a drilling campaign of 08 exploration wells in Area 95/96 Ghadames basin using two drilling rigs. SIPEX invites all interested companies specialized in cementing services and stimulation in gas areas to submit their complete pre-qualification documents for registration and evaluation. The planned date to spud drilling is September 2012 Interested companies are invited to provide the following information: 1. General information: Name, Address, country, Contact person, Position, Phone, Fax, Email, 2. Company legal statues, 3. All registration documents of the company, 4. Financial statement for the last three years, 5. Key personal records and CVs, 6. Technical organisation. 7. QHSE certifications and statistics, 8. Manuel QHSE 9. Company’s experience within the last five (05) years in Libya, especially in gas areas 10. New technologies introduced by contractor within the last three (03) years regarding gas channeling problems and curing losses 11. Specifics of base facilities and supply. 12. Specifics of cementing and stimulation units available (existing workload and capacity) in Libya. 13. Capability to supply complete equipment and services requested. 14. Previous or actual dispute The Pre-qualification required documents should be presented to the following address, under hard (Paper) and soft (CD) copy forms, before August 09th , 2012 at 16h00.Local time: SIPEX Libyan Branch Kaab Ibn Malek Street, Bin Ashur area. TRIPOLI. LIBYA Phone: + 218 21 363 5927/37 Fax: + 218 21 363 5952 Conditions: - The pre-qualification is not an invitation to tender. All responses will be treated without any engagement from SIPEX LB. - SIPEX LB keep the right to check all the information provided in the pre-qualification document. SIPEX LB may include site visits by its representative. - Notwithstanding the submission of the requested information SIPEX LB is neither committed not obligated to issue any call for tender or to include any compny on any bid lists or award any form of contract. Full tendering information or an invitation to tender will only be sent to that Supplier/Manufacturer that has successfully completed the pre-qualification step. - Any questions or enquiries should be sent to: Sipex2008@yahoo.fr
Comments:

Dear Sir / Madam, Good day and hope this email will find you well.

First and foremost, we would like to extend our gratitude and honor for the opportunity of offering our consulting services to a highly regarded, reputable, and proficient organization as your esteemed organization.

Direct Solutions for HR Consulting (KONTA Consulting) is a specialized business management consulting located in Jordan.

We provide our consultancy services to cover locally and Middle East organizations to different industries. We are offering Human Resources Consulting, Recruitment Consulting Services, Business Management Consulting and Professional Training Courses & Development Skills with a very high standards of quality, as well as we assist our clients to achieve and award ISO Certification.

Our target is helping top executives to make a difference in their decisions, and achieving the results they desire. We guide our clients' steps, to an extreme change in their Management Wisdom, Work Philosophy, Outcome Quality, and Customer Satisfaction in order to enrich their Visions and Insights.

We at KONTA are really very interested in providing your esteemed organization with the highest possible standards of Quality in Human Resources Consulting & Development.

For any further information, please do not hesitate to contact us.

Regards.

Dr. Yaser Abu Baker Chief HR Consultants Direct Solutions for HR Consulting (KONTA Consulting) Tel.: +962 6 5699884 Telefax:+962 6 5699880 Mob: +962 79 9281380 +962 79 5270367 Office Mob:+962 799 497030 P.O. Box 923334 Amman 11192 Jordan. Email:yaser@kontaconsulting.com Website:www.kontaconsulting.com

Human Resources Consulting Services
5 yearss ago

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgari.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Business News

Business News
Released:  07/08/20122012-08-07
Word count:  254

RWE Dea Cyrenaica GmbH - Libya Branch (Company) intend to issue the tender described below and wish to invite for pre-qualification, interested, experienced and reputable companies (contractor) specialized in providing Casing Supply Services.

Play
Mina Monir
SCOPE OF WORK SUMMARY: The Area 58 (Cyrenaica) work program consists drilling of two exploration vertical wells until 31 May, 2013. Maximum depth is 9000 feet new field wildcat wells. No back to back drilling, gap of 3 months between 1st and 2nd well. Under the scope for the planned tender the potential contractor shall act as general contractor for all activities and services necessary to perform the above task. The pre-qualification is divided into the following part: · perform procurement of tubular goods PROJECT TIME CONSTRAINTS Latest spud date for second well is May 31, 2013 WORK LOCATION Area 58, Cyrenaica, Libya QUALIFICATION DOCUMENTS Interested Companies are required to obtain the pre-qualification package from RWE Dea Procurement Department located in: 15/A Barcelona Street Hai Andalus Tripoli, Libya Tel.: +218-21-4775500-Ext: 2108 Deadline for submission of filled out questionnaire is August 16th 2012. Important Notes: 1. The pre‑qualification request is not an invitation to tender. Company is neither committed nor obliged to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract. 2. The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been successfully pre-qualified. 3. Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice. 4. Company shall deal only with authorized officers of the bidding companies and not through individuals or agents. 5. For any clarification or inquiry, please email to: TenderArea58@rwedea.com
Comments:

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgari.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

News Releases

News Releases
Released:  05/08/20122012-08-05

British companies wishing to do business in Libya need not just to be aware of the increasing number of opportunities that are available there, to be really successful, they must understand the culture, basic language, politics, negotiation methods, tax implications, import restrictions, documentation, legal requirements and much more. They also need to be aware of the individuals and organizations in Britain and in Libya that can give them...

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Comments:

We are currently looking for business partners.. Your job entail helping me to establish a trading name in your business operations while we invest with over $500 Million US Dollars and at the same time share the profits according to any discreet stipulated agreements made by both parties.Upon acceptance of this offer,we shall make arrangement for a possible business meeting between you and my associates in Qatar for Familiarization and subsequent mobilization.Your flight expenses,hotel reservations and other modalities will be refunded to you.The company awaits to know your decision about this offer, So please kindly get back to me immediately for more discussions and is better you write back to me now with your contact details so I know how to proceed with the venture.

Email: Abdullahalfuttaim@bellair.net

Almighty Allah Bless you.

Mr. Abdullah Al Futtaim Chief Executive Officer Majid Al Futtaim Holding 146 Salahudin Road Diera, Dubai UAE Email: Abdullahalfuttaim@bellair.net

who is willing to take up offer of becoming our business partner in your Country.
4 yearss ago

We are Octave Technology Solutions - OTS Dubai leaders in indigenous designing and rapid product development solutions from the last 21 years with a specific focus on Industrial Manufacturing, turnkey projects handling, specialized software development and rapid product development solutions. We are official exclusive representatives of the two top most MCAD and ECAD industry leading software companies PTC Inc. - USA and Zuken - Japan in Libya and other regions. We are looking for companies who can sell these solutions in Educational and Commercial sectors of Libya. Feel free to send your email at info@otsae.com.

With kind regards, Sheikh Wajid.

Anonymous
4 yearss ago

B & A Consulting United Kingdom !!!! , We're professional consulting firm specilizing in providing ; Offshore & Onshore Consultancies for expatriate Companies , including Skilled workers , building Construction Contractors , Building materials Supply Contractors & general Suppliers of equipment (s) in the Oil & Gas Sector Contact us at : baconsultinguk@gmail.com

B & A Consulting United Kingdom
4 yearss ago

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info www.facebook.com/hicobd Skype: argroup_ltd Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgaria.

Any Kind Of Skilled & Unskilled Workers From Bangl
4 yearss ago

Please send me if you are interested in providing Libyan students with scholarships TU Berlin Gouna are welcoming Corporats and Foundations scholarships to join TU Berlin as a third party in generating well educated experts in three major Engineering Fields. Certified Masters Degrees By TU Berlin Gouna 3 Master degrees will be offered at the campus each year,: • Energy Engineering, • Urban Development • Water Engineering. • Please visit the website for more information; • www.campus-elgouna.tu-berlin.de

Anonymous
4 yearss ago

I am seeking a strategic partner to do seismic data processing in Libya. We are running seismic data processing and advance, we are using CGG software and others. Can you connect me to a company in Libya to be my partner? Our office in Jakarta Indonesia,HR. Building, L-2 Floor, Jl.K.H.Wahid Hasyim No.5 Jakarta Pusat - 10340,+62-21 3190 0420, Fax.+62-21 3190 0418 Mobile +62 811 765 668

Masdar Simbolon
5 yearss ago

Business News

Business News
Released:  03/08/20122012-08-03
Word count:  1078

The security situation in Tripoli remains unchanged. The risk of violence and acts of criminality throughout the city remains, although the risk is heightened in outlying areas of the city, particularly at night. AKE sources in the city have highlighted the slightly higher security threat in Benghazi compared to the capital. Celebratory gunfire is much more prevalent, particularly at night, and explosions can also be heard in the distance on...

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Hind Bensari
Projections The security situation will remain relatively constant throughout Libya's major cities, and there is an ongoing risk of low level violence, which will continue until the authorities are capable of enforcing law and order.

In both Tripoli and Benghazi the levels of lawlessness and opportunist crime will continue to steadily rise if security forces do not receive the requisite training to counter the trend. This will not occur until the government is able to create a centralised force capable of enforcing law, and which can prevent individual militia groups from carrying out vigilante actions.

In Benghazi in particular demonstrations of a political nature are likely to continue, especially centred around the issue of federalism for the east, which has the potential to raise tensions and cause violent clashes between opposing sides in the debate.

Political stability will remain elusive until coalitions are formed in parliament and a government is announced. However even then it will likely remain a delicate balance for the foreseeable future.

Tripoli The security situation in Tripoli remains unchanged. The risk of violence and acts of criminality throughout the city remains, although the risk is heightened in outlying areas of the city, particularly at night. Personnel are advised to minimise travel at night, particularly in poorly lit, outlying areas of the city.

AKE personnel on the ground highlighted reports of a number of incidents in the city over the past week, which demonstrate the ongoing risk to personnel on the ground.

On the evening of 30 July a local national working for a foreign expat company was killed after receiving a fatal chest wound during what was suspected to be a car jacking incident in the Tajura district in the east of the city. AKE has previously highlighted the increasing frequency of car jackings in Tripoli, which are more prevalent after the hours of darkness. The incident in question was thought to be an opportunist criminal act, and AKE personnel report that it is indicative of the level of lawlessness in some areas, particularly outlying districts, as increasing numbers of people realise they can get away with criminal acts.

Police reportedly arrested seven people in connection to the incident, who they claim were members of a car theft ring. As long as central authorities remain incapable of enforcing law and order, organised crime of this nature is likely to increase.

Meanwhile, AKE personnel reported a number of violent incidents in the Noofliyeen area of the city, to the east of central Tripoli. A case of accidental discharge of a weapon resulted in the death of a bystander in the area. The victim's family then arrived in the area and set fire to the house of the man responsible. The incident highlights the fact that most incidences of violence in Tripoli are connected to smaller disagreements that can escalate rapidly once the families of those affected, or respective armed groups, become involved.

Benghazi AKE sources in the city have highlighted the slightly higher security threat in Benghazi compared to the capital. Celebratory gunfire is much more prevalent, particularly at night, and explosions can also be heard in the distance on a more regular basis. However, it remains unclear whether these are cases of rocket propelled grenades (RPGs) being fired at random, or if they are indicative of low level violence. There have been a number of unconfirmed reports of shootings and violent attacks, which are often related to seemingly innocuous incidents such as traffic accidents or personal fueds, but are also often related to separatist tensions in the city.

On 28 July there were reports of celebratory gunfire in commemoration of the death of General Abdel Fatah Younis, the former rebel commander who was allegedly assassinated by a faction of rebel fighters during the height of the conflict in July 2011. Some low level clashes were also reported involving Younis supporters.

On 29 July there were reports that a former police chief was abducted and killed, allegedly by armed Islamists, to the east of the city.

Meanwhile, on 31 July Seven Iranian relief workers associated with the Libyan Red Crescent Association were kidnapped by an unknown armed group, in the centre of the city. The hostages had only arrived on 30 July, and were there as official guests of the Libyan Red Crescent in order to assist with relief work. The head of the relief organisation's local branch stated that he expected the hostages to be released unharmed at any time.

AKE sources on the ground have highlighted the need for foreign personnel to maintain a low profile in Benghazi, just as is advised throughout the country. Although there is no evidence of foreigners being specifically targeted, the risk is raised for those travelling in high profile vehicles that are easier to track. The vast majority of attacks in the city have targeted high profile diplomatic convoys and compounds, while the rest of the violence is mostly opportunist.

The intent and capability of hostile groups to target foreigners in Benghazi is judged to be no more than in Tripoli, although the risk is heightened around government buildings and hotels (notably the Tibesty, which houses a number of Diplomatic organisations both foreign and domestic).

As is the case elsewhere in the country, the lack of an ability to enforce law and order combined with a serious lack of organized and trained security at these venues exacerbates the situation.

Political Section Defence lawyers for Saif al-Islam Gaddafi stated on 31 July that the son of the former dictator will not receive a fair trial in Libya, stating that if he is executed in the country it would be tantamount to murder. Saif al-Islam has been held by militiamen in the western mountain town of Zintan since his capture by the group in the southern border region with Algeria. Saif is wanted by the International Criminal Court (ICC) for allegedly ordering the terrorising and killing of civilians during the uprising that brought down his father. However, the NTC wants to try him in its own courts and is resisting attempts to transfer him to The Hague.

AKE is a leading international security risk-mitigation and analysis provider to international businesses, insurers, NGOs and news media. Founded in 1991 by Andrew Kain, AKE distinguishes itself from other security firms by taking a needs- and intelligence-led approach to assessing, monitoring, training for and protecting against risk. For security assistance on the situation in Libya please contact operations@akegroup.com or call +44 (0) 1432 267 111. For intelligence contact intel@akegroup.comfor further information.
Comments:

Business News

Business News
Released:  03/08/20122012-08-03
Word count:  181

Play
Mina Monir
SIPEX (Sonatrach International Production Exploration) Libyan Branch is issuing an invitation to participate in pre-qualification to companies who are able to provide Casing and Tubing (as per API SPEC 5 CT, Range R2 or R3). The provision of casing and tubing is for four (04) planned onshore wells and four(04) optionals in Ghadames basin in Libya. The expected delivery date is September 2012. All parties interested are invited to provide the following information:

Name & Place of supplier/manufacturer, registration details and address. - Routine Controls & testing carried out during production, results of final tests. - Details of Ownership/Corporate Organization. - Submission of experience records in similar works. - Product quality certificates (API SPEC 5 CT) - Supplier/Manufacturer must warranty the delivery of brand new seamless steel casing, tubing produced less than 3 years old.

The pre-qualification required documents should be presented to the following address under hard and soft copy forms before August 09th , 2012 @ 16:00 p.m. Local time

For further information on technical data and conditions please send to: Sipex2008@yahoo.fr

or the Chief Editor of Libya Business TV Minas.Monir@gmail.com
Comments:

Dear Sir, Greetings from Al Manzel International Al Manzel International OEP are Government approved Licensed holder send manpower from Pakistan to countries including Saudi Arabia, Gulf, Far East, Middle East, UAE & other countries. Dear sir we Al Manzel International provide professional skilled unskilled for oil gas and power plants, construction etc. I would like to request you for the manpower recruitment from Pakistan. Insha Allah I can provide all kind of your requirements from other countries also like Nepal India and Bangladesh. Hope to hear from you at the earliest. Best Regards,

Azam Khan, Managing Director azam@almanzelint.com +971-50-7613855(UAE) Office +92-62-2443847(Pakistan) Mobile +92-342-7380847(Pakistan)

Al Manzel International (OEP ) Oversaes Employment
5 yearss ago

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgari.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Business News

Business News
Released:  03/08/20122012-08-03
Word count:  254

RWE Dea Cyrenaica GmbH - Libya Branch (Company) intend to issue the tender described below and wish to invite for pre-qualification, interested, experienced and reputable companies (contractor) specialized in providing Casing Supply Services.

Play
Mina Monir
SCOPE OF WORK SUMMARY: The Area 58 (Cyrenaica) work program consists drilling of two exploration vertical wells until 31 May, 2013. Maximum depth is 9000 feet new field wildcat wells. No back to back drilling, gap of 3 months between 1st and 2nd well. Under the scope for the planned tender the potential contractor shall act as general contractor for all activities and services necessary to perform the above task. The pre-qualification is divided into the following part: · perform procurement of tubular goods PROJECT TIME CONSTRAINTS Latest spud date for second well is May 31, 2013 WORK LOCATION Area 58, Cyrenaica, Libya QUALIFICATION DOCUMENTS Interested Companies are required to obtain the pre-qualification package from RWE Dea Procurement Department located in: 15/A Barcelona Street Hai Andalus Tripoli, Libya Tel.: +218-21-4775500-Ext: 2108 Deadline for submission of filled out questionnaire is August 16th 2012. Important Notes: 1. The pre‑qualification request is not an invitation to tender. Company is neither committed nor obliged to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract. 2. The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been successfully pre-qualified. 3. Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice. 4. Company shall deal only with authorized officers of the bidding companies and not through individuals or agents. 5. For any clarification or inquiry, please email to: TenderArea58@rwedea.com
Comments:

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgari.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Construction News

Construction News
Released:  03/08/20122012-08-03
Word count:  162

Libya’s Ministry of Housing plans to build 50,000 houses over the next six to 18 months, the government said today.

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Bloomberg - Brigitte Scheffer
The planned construction will honor a commitment to urban housing interrupted by last year’s revolt against former dictator Muammar Qaddafi, government spokesman Nasser al Mannae said at a weekly press briefing in Tripoli. He didn’t provide additional details. “Given the displacement and damage caused by last year’s conflict, there is now a pressing need for a really comprehensive nationwide survey to determine how many houses need to be built and where,” said Beth Hepworth, Director of Frontier MEA, a research and advisory firm that conducted real- estate market feasibility studies in Libya since 2007 and has an office in Tripoli. There are 70,000 to 90,000 internally displaced persons in Libya, according to UNHCR. Ongoing instability is still forcing people to leave some areas. “This will go some way to alleviate the housing crisis that is affecting Libya, but our estimates are that more than ten times that number are needed,” said Hatem Benfayed, head of the Tripoli-based Libya Housing Authority. [source: Bloomberg]
Comments:

We are Official Agents, Distributors and Importers to the Middle East and North Africa for Architectural Hardware, Security Systems and Doors Accessories. SINCE 1981 For: Security Systems & Hardware. Architectural Hardware & Ironmongery. Door Handles & Accessories. Locking and access control systems Keying Systems, Blank Keys & Key Cutting Machines. Locksmith Tools & Accessories. High security Padlocks/ combination padlocks Power Tools.

We represent the Major international brands such as Union, Yale, Cisa, Godrej, Abus, American lock, Silca, HPC, Estamp, Joma, Besana, Jado, Mandelli, Ghidini, Sicma, Fimet, Frascio, Forme, Class, Fadex etc.. That covers architectural hardware / Security and Safety Solution for: (Hospital – Banks - Automotive - Government facility security- Healthcare - Hotel locks & security – Educational institution – Residential & Home security - Oil Fields etc.. The products are available through our Showrooms & Wholesale Centers in Kuwait and UAE along with our Resellers / distributors around MENA Region. Should you need any further information/Clarification, please feel free to contact us. Mazen Zeineddine Managing Director – Kuwait / UAE Sadeem Sabano Company Mobile: +965 6666 9912 Tel: +965 1 825 825 MD@sadeem-sabano.com www.sadeem-sabano.com

Mazen Zeineddine
5 yearss ago

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgaria.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Does this article refer to the resumption of AECOM's contract with the Libyan Housing and Infrastructure Board (HIB)for the modernization of housing and water systems within Libya? Like many companies, AECOM pulled its personnel from their Libyan operations shortly after the conflict began.

ESJ
5 yearss ago

Business News

Business News
Released:  02/08/20122012-08-02
Word count:  279

RWE Dea Cyrenaica GmbH - Libya Branch (Company) intend to issue the tender described below and wish to invite for pre-qualification, interested, experienced and reputable companies (contractor) specialized in providing Drilling Equipment.

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Peter Middleton (News)
SCOPE OF WORK SUMMARY: The Area 58 (Cyrenaica) work program consists drilling of two exploration vertical wells until 31 May, 2013. Maximum depth is 9000 feet new field wildcat wells. No back to back drilling, gap of 3 months between 1st and 2nd well. Under the scope for the planned tender the potential contractor shall act as general contractor for all activities and services necessary to perform the above task. It is left to the prospective bidders to take part in the entire work packages or only in single parts of them. The pre-qualification is divided into the following parts: · Wellhead equipment & services · Completion equipment & services · Redressing services PROJECT TIME CONSTRAINTS Latest spud date for second well is May 31, 2013 WORK LOCATION Area 58, Cyrenaica, Libya QUALIFICATION DOCUMENTS Interested Companies are required to obtain the pre-qualification package from RWE Dea Procurement Department located in: 15/A Barcelona Street Hai Andalus Tripoli, Libya Tel.: +218-21-4775500-Ext: 2108 Deadline for submission of filled out questionnaire is August 16th 2012. Important Notes: 1. The pre‑qualification request is not an invitation to tender. Company is neither committed nor obliged to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract. 2. The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been successfully pre-qualified. 3. Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice. 4. Company shall deal only with authorized officers of the bidding companies and not through individuals or agents. 5. For any clarification or inquiry, please email to: TenderArea58@rwedea.com
Comments:

Dear Sir, Greetings from Al Manzel International Al Manzel International OEP are Government approved Licensed holder send manpower from Pakistan to countries including Saudi Arabia, Gulf, Far East, Middle East, UAE & other countries. Dear sir we Al Manzel International provide professional skilled unskilled for oil gas and power plants, construction etc. I would like to request you for the manpower recruitment from Pakistan. Insha Allah I can provide all kind of your requirements from other countries also like Nepal India and Bangladesh. Hope to hear from you at the earliest. Best Regards,

Azam Khan, Managing Director azam@almanzelint.com +971-50-7613855(UAE) Office +92-62-2443847(Pakistan) Mobile +92-342-7380847(Pakistan)

Al Manzel International (OEP ) Oversaes Employment
5 yearss ago

Business News

Business News
Released:  02/08/20122012-08-02
Word count:  318

A free-travel zone, allowing citizens and tourists to move freely between Egypt, Libya and Tunisia, has been settled upon by the foreign ministers of the three North African countries.

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Daily News Egypt
The news came in a joint press conference in Cairo on Sunday, the outcome of meetings between Egyptian Foreign Minister Mohamed Kamal Amr and his Tunisian and Libyan counterparts, Rafiq Abdel-Salam and Ashour bin Khayal, according to state-run newspaper Al-Ahram.

The Cairo Declaration marks an agreement regarding cooperation between the three Arab neighbours. It discussed economic, judicial and political collaboration, and stated that the declaration is likely to include more members in the future.

Egyptian Foreign Minister Amr said that, “the declaration can be a seed for future economic cooperation in order to create a common Arab market operating under the auspices of the Arab League.”

Amr added in the two-hour press conference that “joint consulate meetings will be held aiming at creating freedom of movement among the three countries.” The freedom of movement would also create a common touristic zone with the aim of allowing the best possible use of the resources of the three countries.

Strengthening security measures among the three countries was also agreed upon in the declaration, including enhancing border security, curbing arms smuggling and fighting terrorism.

The three foreign ministers also discussed cultural cooperation in order to foster a cultural renaissance in the Arab world.

They also voiced their concern regarding the escalating situation in Syria and its alarming humanitarian crisis, demanding an end to all forms of violence.

Palestine was also on the agenda, where the participants stressed the importance of dialogue to unite Palestinians to achieve their demands of statehood based on the 1967 border.

This marks the second meeting between the three foreign ministers who met in March this year in Tunisia where they agreed to the “Tripoli action-plan,” the foundation of the current declaration.

Abdel-Salam and bin Khayal also met with Egyptian President Mohamed Morsy during their visit.

The three countries were the first three in the region to witness uprisings in early 2011 that were successful in toppling their regimes.
Comments:

Oil & Gas News

Oil & Gas News

Sonatrach International Petroleum Exploration and Production Corporation (SIPEX – Libyan branch) Will start a drilling campaign of 08 exploration wells in Area 95/96 Ghadames basin using two drilling rigs.

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Peter Middleton (News)
SIPEX invites all interested companies specialized in cementing services and stimulation in gas areas to submit their complete pre-qualification documents for registration and evaluation. The planned date to spud drilling is September 2012 Interested companies are invited to provide the following information: 1. General information: Name, Address, country, Contact person, Position, Phone, Fax, Email, 2. Company legal statues, 3. All registration documents of the company, 4. Financial statement for the last three years, 5. Key personal records and CVs, 6. Technical organisation. 7. QHSE certifications and statistics, 8. Manuel QHSE 9. Company’s experience within the last five (05) years in Libya, especially in gas areas 10. New technologies introduced by contractor within the last three (03) years regarding gas channeling problems and curing losses 11. Specifics of base facilities and supply. 12. Specifics of cementing and stimulation units available (existing workload and capacity) in Libya. 13. Capability to supply complete equipment and services requested. 14. Previous or actual dispute The Pre-qualification required documents should be presented to the following address, under hard (Paper) and soft (CD) copy forms, before August 09, 2012 at 16h00.Local time: SIPEX Libyan Branch Kaab Ibn Malek Street, Bin Ashur area. TRIPOLI. LIBYA Phone: + 218 21 363 5927/37 Fax: + 218 21 363 5952 Conditions: - The pre-qualification is not an invitation to tender. All responses will be treated without any engagement from SIPEX LB. - SIPEX LB keep the right to check all the information provided in the pre-qualification document. SIPEX LB may include site visits by its representative. - Notwithstanding the submission of the requested information SIPEX LB is neither committed not obligated to issue any call for tender or to include any compny on any bid lists or award any form of contract. Full tendering information or an invitation to tender will only be sent to that Supplier/Manufacturer that has successfully completed the pre-qualification step. - Any questions or enquiries should be sent to: Sipex2008@yahoo.fr
Comments:

Dear Sir, Greetings from Al Manzel International Al Manzel International OEP are Government approved Licensed holder send manpower from Pakistan to countries including Saudi Arabia, Gulf, Far East, Middle East, UAE & other countries. Dear sir we Al Manzel International provide professional skilled unskilled for oil gas and power plants, construction etc. I would like to request you for the manpower recruitment from Pakistan. Insha Allah I can provide all kind of your requirements from other countries also like Nepal India and Bangladesh. Hope to hear from you at the earliest. Best Regards,

Azam Khan, Managing Director azam@almanzelint.com +971-50-7613855(UAE) Office +92-62-2443847(Pakistan) Mobile +92-342-7380847(Pakistan)

Al Manzel International (OEP ) Oversaes Employment
5 yearss ago

Business News

Business News

RWE Dea Cyrenaica GmbH - Libya Branch (Company) intends to issue the tender described below and wish to invite for pre-qualification, interested, experienced and reputable companies (contractor) specialized in providing Drilling Rig Services.

Play
Mina Monir
SCOPE OF WORK SUMMARY: The Area 58 (Cyrenaica) work program consists drilling of two exploration vertical wells until 31 May, 2013. Maximum depth is 9000 feet new field wildcat wells. No back to back drilling, gap of 3 months between 1st and 2nd well. Under the scope for the planned tender the potential contractor shall act as general contractor for all activities and services necessary to perform the above task. It is left to the prospective bidders to take part in the entire work packages or only in single parts of them. The pre-qualification is divided into the following parts: · Provision of one Drilling Rig including camp, catering, waste removal · Provision of water well drilling services PROJECT TIME CONSTRAINTS Latest spud date for second well is May 31, 2013 WORK LOCATION Area 58, Cyrenaica, Libya QUALIFICATION DOCUMENTS Interested Companies are required to obtain the pre-qualification package from RWE Dea Procurement Department located in: 15/A Barcelona Street Hai Andalus Tripoli, Libya Tel.: +218-21-4775500-Ext: 2108 Deadline for submission of filled out questionnaire is August 16th 2012. Important Notes: 1. The pre‑qualification request is not an invitation to tender. Company is neither committed nor obliged to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract. 2. The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been successfully pre-qualified. 3. Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice. 4. Company shall deal only with authorized officers of the bidding companies and not through individuals or agents. 5. For any clarification or inquiry, please email to: TenderArea58@rwedea.com
Comments:

Oil & Gas News

Oil & Gas News
Released:  01/08/20122012-08-01
Word count:  289

MILAN, Aug 1 (Reuters) - Italy's oil and gas group Eni said on Wednesday it expected its output to increase this year thanks to a recovery of production in Libya after missing expectations on underlying net profit in the second quarter.

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Reuters
State-controlled Eni said a flagged resumption of its Libyan production to pre-conflict levels would offset delays to some important start-ups, the impact of leaks at the Elgin platform in the North Sea and the rapid rise in sabotage and thefts in Nigeria.

Earlier Eni, one of the largest foreign oil and gas producers in Africa, said it had made a new discovery at its bumper Mozambique field which would take gas in place to an estimated 1.974 billion cubic metres.

Over the past year, Eni has dispelled some concern about its profitability and long-term growth potential by scoring exploration successes in Norway and, notably, in Mozambique.

"There was some disappointment on the upstream performance, but that's more than offset by the enthusiasm for new discoveries like Mozambique," said Jason Kenney, an analyst with Santander.

In a statement, Eni said its adjusted net profit in the second quarter rose 2 percent to 1.46 billion euros. That compared to a Reuters poll of nine analysts that had forecast an average of 1.542 billion euros.

The group's gas sales business continued to weigh on the bottom line as weak demand and tougher competition led to a 4 percent fall in sales.

Eni said it would offer an interim dividend of 0.54 euros compared to 0.52 euros a year earlier.

The group is in the process of selling its controlling stake in gas grid operator Snam which could raise around 7 billion euros in cash and will remove 11 billion euros in debt from its balance sheet and some analysts have said the company could sweeten its dividend policy.

"Through the divestment of our stakes in Snam and Galp our balance sheet will be transformed, securing our capacity to finance robust long-term growth in any market environment," Eni CEO Paolo Scaroni said.
Comments:

Construction News

Construction News Business News
Released:  31/07/20122012-07-31
Word count:  241

The Libyan Iron & Steel Company (LISCO) has announced that it now offers steel products ready for construction markets.

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Mina Monir
The Misrata-based company stated that it now provides iron and steel in its different branches in Libya. A source in the company told newspapers that the company is now ready to provide the Libyan market with the different types of iron and steel rods and metal sheets. The Libyan company officials declared that it is about to reach the pre-revolution levels of production to be able to supply the booming Libyan market.

The company has affirmed that its products will have reduced prices and that moves have been undertaken to facilitate the buying process. It is now possible to reserve the required amount of iron with the buyer’s ID card only.

The Libyan company has developed the variety of its products to include coated coils (galvanized and mon-galvanized) with different diameters and weights. It also added the new standards of coated sheets (galvanized and non-galvanized). In addition it has provided the two major types of hot and cold rolled coils and sheets. This comes alongside its classic products, which cover billets and blooms, slabs, bars and rods as well as hot briquetted iron.

LISC stopped its production after the February 2011 uprisings and the destruction of Misrata. However, in March 2012 it announced that it would resume its production on a growing scale. In June 2012 LISCO managed to win 7 international contracts that boosted its production and levels of cooperation and exportation with its counterparts in countries like Turkey, Bosnia, China and Italy.
Comments:

Dear Sir/Madam, We Supply Skilled And Unskilled Workers From Asia (Bangladesh, Nepal, India, Srilanka, Phliph, Indonesia, Pakistan Etc) And We Have Also Training Center & Institute. If You Allow Me We Will Follow Any Understanding Instruction. Arif HRD Director H/P:008801731881551 Email: hicobd@yahoo.com , artradel@yahoo.com , info@greengulf.info, green_gulf@yahoo.com www.greengulf.info Our service is available now in Malaysia, Indonesia, Singapore, Brunei, Philippine, Vietnam, Cambodia, Myanmar, India, Bangladesh, Nepal, Sri Lanka, State of Qatar, United Arab Emirates, Sultanate of Oman, King of Saudi Arabia, State of Kuwait, State of Bahrain, Italy, Iraq, Libya & Bulgaria.

Any Kind Of Skilled & Unskilled Workers From Bangl
5 yearss ago

Political News

Political News
Released:  30/07/20122012-07-30
Word count:  303

Tunisian, Libyan and Egyptian foreign ministers agree to deepen cooperation, with each country now considering whether to allow their citizens to travel without the need for visas

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Ahram-MENA
Egypt, Tunisia and Libya will consider whether to allow citizens to travel among the three countries without the need for a visa. Egypt's President Mohamed Morsi is investigating the suggestion. This comes after Egyptian, Tunisian and Libyan foreign ministers issued what they call the "Cairo Declaration" on Sunday from Egypt's foreign affairs ministry. The declaration is an agreement towards political and economic cooperation.

Pan-Arab objectives were emphasised as well as the importance of good coordination to reach their objectives. The three ministers further welcomed any Arab country that is willing to participate in the consulting process.

The activation of joint economic cooperation would continue. The Arab Spring countries are trying to get their economies back to full capacity after instabilities caused by their respective revolutions. Through the Cairo Declaration they hope to facilitate commerce or encourage capital investments and working capital, which is considered to be the first step to achieve a cohesive Arabic economic market.

The trio stressed the importance of reinforcing cooperation in security, especially on the borders, in fighting terrorism, drug smuggling and illegal migration. The economy at the borders will be developed to address some of these security and migration issues.

On Syria, the ministers expressed their concern over human and living conditions that Syrians are experiencing lately. They also verbalised their support for Arab League Council demands made at the Doha meeting, namely, that the Syrian government cease all violence immediately and start implementing Arabian and international initiatives to support a new transitional phase to a free, democratic system that serves the expectations of the Syrian people and protects Syria's unity.

Regarding Palestine, the foreign ministers stressed the importance of intra-Palestinian dialogue and unity. They offered all the support possible to establish a Palestinian state on lands occupied since June 1967 and further objected to all forms of occupation.
Comments:

Oil & Gas News

Oil & Gas News
Released:  30/07/20122012-07-30
Word count:  435

FRANKFURT, July 26 (Reuters) - BASF stuck to its outlook of higher operating earnings this year, predicting that the resumption of its oil production in Libya would help to offset a likely decline in profit at its core chemicals business.

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Reuters
The world's largest chemicals maker by sales, whose products range from catalytic converters and car coatings to insulation foams, said it was suffering as a result of a slowdown in China, its main growth market, and a slight decline in sales and volumes in debt-laden Europe.

"Our forecast is especially supported by the resumption of our crude oil production in Libya. It is unlikely that the earnings from our chemicals business will match the level of the previous year," Chief Executive Kurt Bock told Reuters.

"The uncertainties have increased quite dramatically over the last couple of months," Bock told Reuters Insider TV, adding the biggest surprise has been the weakness in the Chinese market.

In response, the company is slowing hiring in China and has cut inventory levels to shore up cash flow. It is also speeding up cost-cutting across the group, but will continue to invest in Asia as planned because long-term growth projections remain intact, Bock said.

Asia, which accounted for almost 20 percent of BASF sales last year, has proved a headache for other global players.

Brazil's Vale, the world's largest producer of iron ore, on Wednesday cited China's economic slowdown as second-quarter profit tumbled. Engineering conglomerate Siemens on Thursday said major orders from China were becoming rare.

BASF shares were 1.2 percent lower at 55.49 euros at 0925 GMT, underperforming the STOXX Europe 600 Chemicals Index's 0.2 percent decline.

"We remain cautious due to industry sentiment remaining negative and volatile, and the resulting expectation of cautious management guidance for the back half of the year," Bernstein Research analysts said in a note to investors.

LIBYAN OIL

Before last year's armed conflict in Libya, BASF's oil and gas unit was the second-largest foreign oil company in the North African country after Italy's ENI.

After some setbacks in ramping up production there in the first quarter, BASF managed to continuously produce crude oil in Libya throughout the second quarter, it said.

Output is now at 80,000 barrels per day, and only bottlenecks in the country's pipeline infrastructure are keeping BASF from churning out its maximum capacity of 100,000 barrels.

The group also said it still expected group sales to rise this year even as sales volumes in most of its chemicals and plastics businesses declined in the second quarter.

BASF's earnings before interest and tax (EBIT), adjusted for one-off items, rose by more than 11 percent to 2.5 billion euros ($3.03 billion), surpassing the 2.3 billion euro average estimate in a Reuters poll of analysts.

U.S. peer DuPont said this week it expected 2012 earnings to come in at the bottom of its prior forecast range, due in part to economic uncertainty around the globe.
Comments:

Business News

Business News
Released:  27/07/20122012-07-27
Word count:  514

Libya is regaining its competitive edge selling crude to Europe after steeply cutting price formulas to avoid a repeat of the forced production cuts it faced in June because of a stand-off over pricing with buyers.

Play
Reuters-Business Live
Demand for Libyan crude has been lackluster at best in the last few months as lifters have been complaining for six months that official selling prices (OSP) have been too high and ignoring market trends.

"All our term clients without any exception were not comfortable at all with our OSPs since June," said a senior marketing official at Libya's National Oil Corporation (NOC).

The high OSPs have particularly disappointed big trading houses, which provided the rebel forces with fuel throughout last year effectively helping them to win a civil war.

The pricing stand-off reached its peak last month when a major glut in Europe sent prices for sweet light crude grades, similar to Libyan oil, to record lows.

Buyers of Libyan oil had minimised purchases to such lows that NOC was forced to cut oil output by a fifth or 300,000 barrels per day.

"OSPs were part of the story but there were other factors like protests and power shortages, which have more effect on production rates then prices," the NOC official added.

Europe, the main destination for Libyan crude, has been facing a glut of high quality crude oil grades for much of this year, with a struggling refining industry and falling United States imports due to the shale oil boom.

Spot prices on Algeria's Saharan Blend and Kazakh CPC Blend hit a floor in June when they traded at dated Brent minus $3.30 and minus $4.35 a barrel, respectively.

At that time Libya kept official selling prices for its benchmark Es Sider crude stubbornly high, over $5 a barrel more expensive than CPC and close to $4 a barrel above Saharan Blend.

Buyers could not justify lifting the crude and re-selling could only be achieved at unprofitable discounts, up to $1 a barrel below OSPs.

At least one Mediterranean refiner with a large refining system was approached by NOC in June to take additional July cargoes, at a time when traders had to stop as they have no refining assets and ability to absorb unsold barrels.

Demand Returns

A month later, buyers find themselves scrambling for Libyan cargoes after the country steeply cut OSPs for August. Some cargoes have been selling at premiums to the OSPs.

"The OSPs make Libyan by far the refiner's choice," said one trader.

Es Sider, was largely sold out only a few days after the August OSP was cut by $1.60 a barrel down to dated Brent minus $1.30. Other grades, including Libya's prized El-Sharara, were chopped by over two dollars.

A sharp correction was expected after NOC organised meetings in Istanbul in June with some of its lifters like Total, BP, BB Energy, ConocoPhillips and Saras to discuss the non-lifting.

"They should have lowered the OSPs months ago," said another trader. Sellers are expected to push up prices and test refiners' tolerance, but also to remain attuned to the market, he added.

NOC is expected to increase September OSPs in line with recovering sweet grades but a return to consistently over-reaching levels is not anticipated, several sources said.

"July was too high and August is too cheap," said a third trader.

[source: Business Live]
Comments:

Business News

Business News

At the beginning of this year, the EU-Libya Chamber of Commerce was launched in order to help companies throughout the European Union that wished to establish themselves in Libya on a one to one basis. What follows is an interview KAREN DABROWSKA, The Tripoli Post's UK correspondent carried with the organisation's Director General, Mr Claudio Cassuto who first outlined a brief history of the Chamber and explained the aims and objectives why...

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Tripoli Post
Mr Cassuto said it had been a concept that he gave a lot of thought to prior to the launch, adding that he had been engaged with another organisation working on transition countries till January of this year. Then it seemed like a good moment to launch the organisation because none of the national chambers connected with Libya seemed to provide the service that the Chamber wanted to provide.

“Our unique selling point was that it would not have members. It would help companies throughout the EU that were wishing to establish themselves in Libya on a one to one basis. They would them become associates - clients that we could continue to work with.

He went on to say that “the reason for not having membership was that we did not want to provide the services that many other chambers were providing like organising trade missions. We wanted to keep it as a boutique and work on a one-to- one basis.

As a longer term strategy we wanted to be able to help the Libyans, be it official government departments or large companies, in Libya do road shows within the EU countries. This was something none of the other existing chambers were doing.”

He said that they have already had an approach from the Jeddah Chamber of Commerce and Industry saying that they would like to help some Saudi companies enter the Libyan market and possibly even open an office in Tripoli for Saudi companies. Their main concern was security. They also wanted to see a road show come to KSA. The interview then continued on a quastion and answer format

Who are some of your other clients?

By organising the Libya Post Revolution Investment & Infrastructure Summit 2012 we are in contact with companies who may want to participate and they may ultimately become associates. These companies include Coco Cola, Qatar Petroleum, Aramco, Alcatel-Lucent (a major energy company) and General Electric.

Can you tell the Tripoli Post about the summit?

The investment summit will provide the earliest opportunity to assess the economic opportunities which Libya presents across a wide spectrum of sectors central to its reconstruction programme. Since the termination of the old regime, a new society has emerged, one with fresh needs and aspirations particularly in relation to civil and commercial infrastructure, upgrading to establishing new policies and entities.

There is a newly emerged security environment, and space open in the NGO sector, and a total healthcare modernisation and expansion programme, as well as media and publishing.

While ongoing infrastructural projects are being renegotiated and gradually resumed, companies both re-entering the Libyan market, and those that are considering it for the first time, should use this timely and high-level networking summit to meet the newly elected public sector decision makers.

Delegates will be able to gain a first hand an insight into the new administrative and legal/regulatory procedures, and from dialogue and discussion with key stakeholders learn how to engage in successful business and investment strategies in Libya.

Not much publicity has been given to a recent IMF mission that predicted encouraging trends - economic growth of 116.6 percent in 2012 after a contraction of 60 percent in 2011. Furthermore, the IMF report foresees that this growth will slow in 2013 to 16.5 percent, and will reach around 13.2 percent in 2014”.

Post summit we hope to organise road shows in European capitals which we know well: Paris, London, Berlin, Frankfurt, Milan. Many countries do that but Libya has never got to the stage where it has held road shows abroad to attract investors.

Has there been a lot of interest in the summit?

Quite a lot of interest, although there was some resistance to commit ahead of the elections. Now that these are out of the way successfully and world leaders have commented positively on the process and outcome, we anticipate confirmations to speed up. Also the speaker list from Libya can now be updated and changed in accordance with new appointments although we are encouraged by those who already promised to make presentations.

Outside of Libya each of the top Maghreb Officials at the Commission, Bernardino Leo and the EIB, Alain Nadeau have confirmed, alongside the Former Italian Foreign Minister Prof. Gianni de Michelis, and Baroness Symons of Vernham Dean.

We are hoping that the Libya Rapporteur for the European Parliament, Madame Ana Gomes, will be able to fit it into her agenda. So we will have the three top people in terms of anything to do with the EU and Maghreb. We are working with international financing institutions to see if they can send representatives: the World Bank, the International Finance Corporation, the African Development Bank and the Islamic Development Bank.

This is a major undertaking. Do you have a big staff?

We are a very small organisation. We have two people in Libya and four in the EU. We are looking for more representations within the EU but we want to remain small. It is a very niche, clearly defined and specialised activity. We will remain small and try and be complimentary and not competitive with existing organisations.

How do you see the future of Libya in terms of trade relations with the EU?

It depends on the final outcome post elections and how quickly a new government will settle in and declare clearly defined policies with clear deadlines, how funds will be unlocked and distributed to various ministries and how those funds are likely to be spent. We will then see which large companies can fulfil those needs and secure those contracts.

They could be different from the traditional ones from Italy and Spain. Italy’s trade with Libya accounted for just over 16% in 2012. Next was France with nearly 7%. The UK didn’t even feature – it was probably 2%. Post 2010 that situation may change.

I suspect that countries like Turkey, China and Asia in general may be making efforts to gain more market share. In 2010, 10% of China’s and Turkey’s trade was with Libya. The trade statistics in 2013 may look very different from what they were in 2010.

Can you tell The Tripoli Post about your background and your association with Libya?

One of my earliest jobs was with an economic publication that became part of the Financial Times. I was very active in organising Financial Times conferences world-wide. This led me to become a founding partner of the conference organising company that is based in Brussels and worked very closely to promote what is now the euro.

When the euro was launched we started operating with transition countries, the next ones to join the EU: central Europe and south eastern Europe, then the Balkans, and we did an event in every single country right down to newly-independent Kosovo.

Up to 2007 until now we worked on the EU neighbourhood policy which looked at countries like Romania, the Ukraine, Russia, Georgia, Azerbaijan and also the Maghreb region which brought me into contact with Libya for the first time in 2009.

The next year we decided to hold a summit there and it was a very, very difficult event to put together. No one would make decisions and the Leader was saying “I don’t want it now, I don’t want it here”. Somebody near the top was saying that it was going to be in Tripoli, then it was going to be in Sirte, then Seif Al Islam was going to open it.

It did however take place. Despite all the obstacles we had two Ministers, the Governor of the Central Bank and quite a lot of private sector speakers. There was a very big turn-out with 200 or more senior decision-makers from 25 countries. So that led me to believe there was a future in Libya. The revolution happened. There was a two-year gap and nothing could be done. Then I got the idea of the Chamber and me running it.

There was also a long historical connection. My late father was based in Cairo at the time of the Italian-Libyan war and because he was a journalist he was asked by the Italian government whether he would be a mediator and channel information across from prisoners of war back to their parents.

I have a box of letters and scripts that I hope will be translated and put in a museum or an archive and I wanted to complete that circle.

Some of the documents are very touching. The parents did not know if their son was still alive, still alive or their whereabouts, they wanted to send anything they could especially money so a couple of lira, which was a lot of money in those days, was often enclosed in an envelope for onward transmission. So I would simply like to be able to complete the circle.

For further info log on to www.eulibyacc.org [source: Tripoli Post]
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Find out what contracts are on offer in Libya
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