NOC holds launch event for Benghazi oil conference in October

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Business News
NOC holds launch event for Benghazi oil conference in October
Released:  07/05/20182018-05-07
Word count:  60

The National Oil Corporation (NOC) held an official launch event last Saturday for the Benghazi International Forum and Exhibition of Oil and Gas 2018 which will be held in Benghazi from 9 to 11 October.

Libya herald
The NOC states that there will be participation of major local and international companies at the event.

The six axes of the conference will be:



1-Exploration, production and development of reserves.

2-Maintenance and projects.

3-Refining and petrochemicals.

4-Health, safety, environment and sustainable development.

5-Digital innovation in the oil and gas industry.

6-Optional topics related to the oil and gas sector.
Comments:

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Sir

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Robert Glen
4 weeks ago

Sir/Ma

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Kindly contact me if you have projects that need funding through this

Martin Steffens Email: marts.capitalfinance@gmail.com Skype: marts.capitalfinance@gmail.com

WE FINANCE ALL PROJECT WITH BG, SBLC
1 month ago

Dear Sir/Ma,

We have direct providers for BG/SBLC specifically for Sale/Lease, at leasing price of (0.5 + X)% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

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SIVAJOTHI GNANATHEEVAM
1 month ago

Business News

Business News
Released:  22/06/20182018-06-22
Word count:  322

Over 3,000 bulls are set to be exported to Libya in the coming weeks by Cork-based Curzon Livestock, according to the company’s CEO James Horgan.

Play
Agriland

Speaking to AgriLand, he outlined that Friesian bulls – weighing between 400kg and 500kg – along with continental bulls – weighing between 500kg and 600kg – are being sought to fill the contract.

Buying is set to commence this week, with Horgan explaining that the bulls will set sail in the middle of July. Bulls must be under 24 months of age to be eligible for this contract, he added.

Along with this consignment of bulls, the exporter stated that approximately 500 Friesian in-calf heifers will depart Irish shores for Libya.

It is expected that about 4,000 head of cattle will travel to Libya as part of this order.

Horgan indicated that this contract could form the basis of “regular” and “consistent” shipments of Irish cattle to Libya.

He also told AgriLand that Curzon Livestock – a company with decades of experience in the livestock exporting business – was in the process of negotiating a contract for the Turkish market.

Curzon Livestock, which is headquartered in Douglas, Co. Cork, specialises in the trading and transport of livestock globally.

Calf exports

Meanwhile, there has been a huge increase in the number of calves exported from Ireland by live export means during the first five months of the year, figures from Bord Bia show.

Calf exports increased by more than 35% between January 1, 2018, and the week ending May 27, 2018.

Overall, there were 128,673 calves exported from Irish shores during 2018 so far. This figure represents an increase of 34,345 calves compared to the corresponding period during 2017, when 94,328 calves were exported.

Bord Bia figures also indicate that the total number of calves exported during the same period in 2015 and 2016 stood at 79,191 and 65,784, respectively.

Comments:

Business News

Business News

Mellitah Oil & Gas B. V. (oil Division) intends to inviting local specialized companies only that have established themselves in the ability & competence to carry out the required work, by presenting two (2) files as follows:

Play
NOC

 

 

;      File for Legal and Financial documents.

;      File for Technical documents includes (Technical profile, experience ,CV,….etc.)

 

For the purpose of evaluation and pre-qualification in order to select suitable and eligible companies to participate in the following tender:

 

Tenders Nos-894/895/896

          Tender No. (894))

Catering and Cleaning Services for Abu Attifel Filed

Tender No. (895)

Catering and Cleaning Services for Bouri  Filed

          Tender No. (896))

Catering and Cleaning Services for El Feel Filed

 

 

Scope of Work

Provision of Catering and cleaning services for Company’s onshore & offshore Locations. as mentioned above

 

QUALIFICATION REQUIREMENTS:

Interested companies for the above tender must satisfy the stipulated requirements and submit all required information and documents below. Taking into consideration that failure to submit these documents will render automatic disqualification:

1.      Letter on Company's letterhead Addressed to the Contracts Department Manager (Oil Division) stating expression of interest on the respective tender, the letter should contained company email, phone number & mobile for quick contact if needed 

2.      The Participating bidders must be having all legal documents and registered in Libya to be valid for not less than six (6) months from the date of the announcement, The capital of the company shall not be less than (1.500.000) million five hundred Libyan dinars.

3.      Curriculum Vitae of staff assigned for this work

4.      Company Profile with full details of similar contracts performed with relevant and verifiable Reference List of Clients, current activities to be carried out and any additional information that will enhance the potential of the applicant /consortium.

5.      The bidders shall have advance knowledge of local and international environmental regulations to perform the work activities.

6.      Health , Safety, Environment & Quality (HSEQ): The bidders shall provide the following:

6.1 Company's approved HSE manual attached with the company's approved HSEQ policy.

6.2  Certificates of Health, Safety, Environmental and Quality systems (ISO-9001, ISO- 14001 & OSHAS-18001)

6.3   Company's HSEQ Procedures list .

7.      Submission of Company's Financial Status documents turnover for the last (3 years) accredited and approved by external financial auditor.

8.      Mellitah Oil & Gas has the right to exclude any file does not meet the above stipulated requirements.

 

The required Legal documents from participating companies are as follows:

Local Companies:- 

       Original copy of valid commerce registration and official registration certificate with Chamber of Commerce.

       Original copy of Valid Business License. 

       Original copy of Valid Tax Certificate.

       Company Establishment Contract with the company's objectives.

       The participating Bidder registered activity should be agreed with Scope of work of Service or project that will be implemented.

Important Note:-

       Permissible to company will award one of the three sites in which the applicant has participated despite the fact that he has won all of them, According to company Special appreciation.

 

 

Joint Venture Companies and agreements:-

A)      J.V Companies     

Submission of documents indicating the establishment of a joint venture company in accordance with the legislation and regulation in Libya, whether between two parties (local and foreign) or two local parties, in addition to other legal requirements that mentioned in the item of local company.

 

 

 

B)      The Agreement (Solidarity)

       The agreement shall be ratified by the competent authorities (contract editor)

       The agreement shall include the commitment of the solidarity parties together or individually to carry out all the required works and services. 

       The agreement should clarify the legal representative for the parties.

       Cannot be submit separate offer by one of the participants or in solidarity with another contender to participate in the tender.

Foreign Companies

 

Matching with the same above mentioned conditions and requirements for local companies, in addition to submit a valid permission from Libyan Ministry of Economy to open foreign company branch.

Notes:

 

One hard copy & one soft copy (CD) of the Prequalification Documents containing the above stated requirements Hard copy & CD shall be submitted in sealed envelopes and marked:

TENDERS NO s. 894/895/896

Provision of Catering and cleaning services Company’s on shores and offshore   Locations.

Addressed to the " Contracts Department Manager "

( Oil Division ) to the following address:

Mellitah Oil & Gas Company (Oil Division)

Dahra Building

P.O. Box 346, Tripoli-Libya

The prequalification submission Date not later than Sunday 08/07/2018

Or Soft Copy should be submitted to the following email address:-

Pre-Qualification ( PRE-Q@Mellitahog.ly)

 

Important Notes:

1.      The pre qualifications’ request is not an invitation to tender. Company is neither committed nor obligated to undertake the work described above or to issue any call for tender or to include any respondent to this invitation on the final 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 pre-qualified.

3.      Company will not be responsible for what's ever 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

Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Business News

Business News

The National Oil Corporation (NOC) has met with the Malaysian company Bionas to better understand how the latest technological advances can be applied to the extraction of biofuel from the Jatropha tree to help combat desertification, as well as providing an additional renewable energy source.

Play
NOC
Such energy sources can be used to support the economies and UN sustainable development programmes in the Great Green African Belt region (from the Red Sea in the East to the Atlantic Ocean to the West of the continent). The Malaysian company also showcased technology used in the processing of sewage and water associated with the oil production process, thereafter converted to alternative energy and agricultural fertilizer, both contributing to addressing problems associated with global warming.

The presentation included a snapshot of how these processes could be applied in Libya in view of the importance of its strategic location in the region, in addition to the economic potential to reduce the phenomenon of desertification, illegal migration and to address key environmental problems following successful implementation in other geographies around the world.

The presentation was attended by NOC’s Chairman of the Board of Directors, Eng. Mustafa Sanalla, a representative of the Presidential Council of the Government of National Accord, Abdulsalam Qajman, Mr Jadallah Hamad Aokali, NOC Board Member, Mr Khaled Bukhatwa, General Manager of the General Department of Safety, Environment, Security and Sustainable Development, Eiad Azinad Petroleum Industries Manager and directors from key departments within NOC.

Mr Sanalla stressed NOC's keen interest in supporting and encouraging all technologies that help create sustainable development and positive environmental change, and raise the environmental performance of the corporation and its subsidiary companies. He added that this is especially important when such projects produce economic returns that help to raise the standard of living and create new renewable energy and sustainable development jobs.
Comments:

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Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Business News

Business News

China delivered US$ 6 million of medical aid to Libya and anticipated increased cooperation with Libya.

Play
Libya herald
The revelation was made by Libya’s Presidency Council Minister of Health Omar Bashir al-Tahir after signing a receipt for the supplies in a meeting with China’s Chargé d’affaires Wang Qimin at the Chinese embassy for Libya.

Al-Tahir undertook to distribute the medical supplies to those who need it and said that “The economic downturn in Libya is only a temporary phase which we hope will soon pass. Libya needs comprehensive community development as it is characterized by its geographical location and has a strategic oil stockpile’’.

“We undertake to distribute this assistance from the state of China to Libyan hospitals where there is a high turnout of patients and also to hospitals in cities that have suffered from clashes”, he added.

Chargé d’affaires Wang Qimin, disclosed that there is “substantial cooperation on the horizon” which the two countries will exchange.

Stressing his country’s support for the “Stability Plan in Libya,” he added, “this plan will be a motive for the return of Chinese companies to Libya, because we will develop relations between our two countries very much, especially on the health side.”

“China annually offers its support to Libya by carrying out training programs on the health side, and after stabilization we will provide our support through experts specialising in the treatment of many diseases and also through medical products because we are committed to the quality of medical products exported abroad.”

In the same vein, the Minister of Health expressed his “great appreciation” for the efforts made by the Chinese state through its “supporting” positions for the Libyan people in the many areas, stressing that Chinese medical industries matched their European counterparts in quality while at the same time, they were characterized by low prices compared with European-origin products.
Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

News Releases

News Releases

تتقدم اسرة الموقع باطيب التهاني وأصدق التمنيات بمناسبة عيد الفطر المبارك اعاده الله باليمن و الخير و البركات

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LBTV Team
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Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Business News

Business News
Released:  14/06/20182018-06-14
Word count:  113

The Libyan Investment Authority (LIA) has announced that, together with the National Oil Corporation (NOC), it has extended the previous agreement with MEDCO Energy for the exploration of plot 47.

Play
Libya herald
The LIA statement released on Sunday said that ‘‘as the initial explorations resulted in a production capacity of up to 25,000 barrels per day and with the extension of the agreement, this figure is likely to increase with the completion of exploration of other wells in the plot’’.

In the statement, the Director-General of Medco, Faisal Sheeta, said that the company had begun the process to complete the project immediately after the NOC signs the extension of the agreement putting into force.

It will be recalled that the oil exploration agreement had been signed in 2009 between the LIA, the NOC and Medco Energy of Indonesian for the purpose of exploring oil wells in plot 47.
Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Business News

Business News

The 1st Libyan-European Oil & Gas Summit is the event to bring the Libyan oil and gas industry together with interested European investors, industries and service providers.

Play
libyaogs.com
Libya holds the largest oil reserves in Africa and is currently positioning itself to become a major oil and gas producer again. This represents a great chance to network with the heads of Libya’s oil and gas corporations and will connect industry professionals who have an interest in establishing business in Libya.


During these two days of the summit, conference attendees will receive insight into Libya’s current economic situation and will examine Libya’s significant oil and gas potential. Most importantly, attendees will have the opportunity to present, discuss, prepare, and establish business relations with Libya’s top oil and gas executives, even in private meetings.

Can you afford to miss out on this event?

Register today to secure your seat at the 1st Libyan-European Oil & Gas Summit.




The Libyan oil and gas industry, intending to re-vitalize and expand oil and gas production, is searching for capable and reliable partners for support, cooperation, and sustainable development. European business partners are in need of information, access, and network to efficiently do business in Libya.

The program will focus on the business opportunities and investment potential for European companies with Libya’s important oil and gas sector. Furthermore, it will address the overall security and economic situation of Libya’s oil and gas sector, as well as the potential investment and business opportunities for international partners and contractors, the future development of the oil and gas fields, and the capacity-building by improving organisational, managerial and operational excellence.

Therefore the program will represent the following topics:

Business Opportunities and Challenges in Libya Global Market Trends – Libya in Focus Gas Potential /IOR / EOR Opportunities in Libya Schlumberger Engagement History in Libya Equinor New Strategy and Libya Development Plan Revitalization of Libya’s Oil & Gas Infrastructure Development through Early Production Facilities (EPF) in Libya – North Hamada Field Development Revamping Damaged Fields, Pipelines, Harbors Examples of Successful Cooperation with NOC Case Studies: Experience in Libya Zallaf Libya Exploration and Production – Fast Track Field Development Urgent Technology Needs & Investments Oilfield Security Investment and Financial Security

Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Business News

Business News
Released:  12/06/20182018-06-12
Word count:  150

TRIPOLI, June 10 (Xinhua) -- Libya's UN-backed Prime Minister Fayez Serraj on Sunday held talks with a high-level Maghreb delegation to discuss joint cooperation and opportunities.

Play
Xinhua
The information office of the prime minister said in a statement that Serraj met in Tripoli with the delegation of economic chambers of the Arab Maghreb Union, and stressed the importance of activating the institutions of the union.

"The Maghreb countries have great opportunities in the Libyan market, as well as the quality of their products. They are easy to reach, considering that time is an important factor in trade," Serraj said.

The Maghreb delegation stressed importance of cooperation with Libya, as well as convening joint high committees to develop an ideal framework for joint cooperation, the statement said.

The delegation also announced that preparations are underway to hold a forum of Maghreb businessmen early next year in Tripoli.

The Maghreb delegation is holding a two-day working visit to Libya to discuss opportunities for cooperation between the five countries of the Arab Maghreb Union, Morocco, Algeria, Tunisia, Libya and Mauritania.
Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Business News

Business News
Released:  11/06/20182018-06-11
Word count:  204

Libya’s central bank will charge fees on foreign currency transactions as the oil-rich nation attempts to bridge a wide gap between the official and black market rates that has created a liquidity crisis and hurt business activity.

Play
Bloomberg
The proposal is a key feature in a three-pronged plan that also includes tackling a subsidy program and a mechanism to help offset the impact of economic reform efforts on the population, the central bank said in a statement on its website. No other details about the plan were provided in the statement.

The effort comes as the North African nation with Africa’s largest proven crude reserves struggles to revive its economy amid a conflict between rival militias, parallel governments and an overall collapse in security. The dinar’s exchange rate on the black market is around 6.2 dinars to the U.S. dollar compared with the official rate of around 1.36 dinars to the dollar.

Macron Brokers Libyan Consensus on December Elections

The central bank has already worked to reduce the foreign-exchange rate arbitrage by easing restrictions on foreign currency transfers that had primed the black market. At the same time, officials are looking into reports of companies smuggling hard currency out of the country.

Central bank Governor Sadiq Al-Kabir and other officials agreed at a U.S. organized meeting in Tunisia this month on an economic reform plan that includes devaluing the dinar and raising fuel prices, the Libya Herald reported on June 6.
Comments:

Dear, Sir/Ma.

We offer Legitimately FC and SS Bank Guarantee (BG) and Standby Letter of Credit (SBLC) alongside a number of other Bank Instruments specifically for Lease with the option of sale optionally available from a certified financial group. We deliver cautious of the time line required for the completion of transactions and other intermediaries are welcome to deal. Other financial instruments such as MTN, CD, DLC, PB are also available. For genuine and Serious inquiry of any form please kindly contact me via the details below.

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com

Regards SIVAJOTHI GNANATHEEVAM

SIVAJOTHI GNANATHEEVAM
2 days ago

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Business News

Business News
Released:  08/06/20182018-06-08
Word count:  196

Libya’s National Oil Corporation (NOC) has appointed Imad Ben Rajab as its interim head of international marketing department, the state company said on Friday.

Play
Reuters
Ben Rajab has been serving as a senior official in the NOC’s marketing department and has been a member of Libyan delegations at recent meetings of the Organization of the Petroleum Exporting Countries.

NOC said Ben Rajab was replacing Ahmed Shawki in an interim capacity, and that he had “the experience, the know-how and the skills needed to lead the international marketing department”.

It did not say how long Ben Rajab would hold the new role or say if he was likely to move into the position permanently.

Shawki, who was the general manager of the international marketing for the past seven years, would work as a consultant for NOC, the company said.

Libya’s oil production has been severely affected by conflict since 2013, two years after Muammar Gaddafi was toppled in an uprising.

Output fell as low as 200,000 barrels per day (bpd) due to blockades and security problems before recovering to around 1 million bpd in the past year.

With support from Western powers, NOC in Tripoli has fended off attempts by a parallel office in eastern Libya to sell oil independently.

Reporting by Ahmad Ghaddar and Aidan Lewis Editing by Edmund Blair/David Evans
Comments:

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

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2 weeks ago

Business News

Business News
Released:  07/06/20182018-06-07
Word count:  973

An economic reform plan for Libya was agreed at a meeting in Tunis yesterday. The meeting was organized by the US embassy to Libya and was attended by the US Chargé d’Affaires, Stephanie Williams.

Play
Libya herald
The Libya Economic Dialogue meeting was the 8th such meeting which was attended by two members of the Presidency Council (PC), Ahmed Maitig and Fathi Majbri, together with Tripoli-Central Bank of Libya Governor (CBL), Saddek Elkaber. Majbri is the PC member in charge of the budget and economic affairs.

Notably, the Tripoli-based Audit Bureau, which usually attends, did not attend. It has had a fallout with the CBL which it accuses of being directly responsible for Libya’s economic austerity. The Audit Bureau together with the PC and CBL has been jointly responsible for approving Libya’s budget. It is not clear if its absence will reduce the likelihood of the success of these reforms. However, over the years the Audit Bureau has been bullish in pushing the CBL for proactive economic reforms.

The meeting agreed on four main economic measures designed to ease pressure on state spending and help alleviate the current economic burden on Libyan citizens, and especially the poorer sections of Libyan society.

These four measures are:

1) The reduction of subsidies on fuel and increasing its price from the current LD 0.15 a litre (about US$ 0.11¢ a litre at the official exchange rate).

2) The increase of the amount of the foreign currency annual allowance at the official rate of exchange, currently set at $500 per person.

3) The reactivation of the child allowance which has been frozen due to lack of state funds.

4) The devaluation of the Libyan dinar.



An ambitious target was set for the implementation of the plan, with the economic reforms planned to be in place by the end of July 2018. The increase in the annual foreign currency allowance and the reactivation of the stalled Child Allowance were meant to mitigate the effects of the reforms, especially those of fuel subsidies.

It will be noted that none of these agreed measures are new or a surprise. They have been discussed ad nauseam in Libya at various occasions and events organized by various bodies over the years. They had also been discussed at several of the previous economic dialogue sessions in Tunis, without result.

The Audit Bureau’s 2017 annual report which alleged wrongdoing and corruption in a number of state entities was also discussed at the meeting.

At the end-of-meeting press conference, CBL Governor El-Kabber said that ‘‘The march of economic reforms and the suffering endured by the Libyan citizen are deep and our pursuit and our endeavours today culminated in a series of reforms that we affirm.

Of course, what we have arrived at today is the best that could be achieved in view of the current Libyan circumstances, and we really hope that we will move beyond this stage and that, with all the reforms, we may, as far as possible, raise the suffering of the Libyan citizen.

We are all working together to fix what can be repaired hopefully according to the subject schedule we are optimistic about the results of these treatments’’, concluded El-Kabber.

In her concluding remarks, US Chargé d’Affaires, Stephanie Williams. said ‘‘We congratulate the Libyan participants for their work to formulate a budget and coordinate on fiscal and monetary policy. We are pleased by the participation today of representatives from the Ministries of Finance and Planning, the Central Bank of Libya, the Libyan House of Representatives, the High State Council and the National Oil Corporation. With the consolidated national budget for 2018 in place, the institutions that matter most to the daily lives of Libyans are in a place to receive funding, including schools and universities, community health centers and clinics, and municipal services like water and electricity. The next step will be to ensure that budget disbursements are made on a consistent basis and with full transparency, so that the Libyan people receive the crucial services they deserve.

The international community represented here today by the U.S., British, French, German, Italian, European Union, IMF, World Bank, and UN missions to Libya all share a concern for the economic situation in Libya, the critical importance of economic stability, development, and stronger growth, and the importance of government institutions to deliver public services to Libyan citizens. Economic reform is not easy under any circumstances. The challenges Libya currently faces are particularly difficult, but this makes reform even more essential. Structural changes are necessary to stabilize Libya’s economy, to put your country on the path to prosperity, and address the daily hardships that Libyans continue to face. We are encouraged by the commitment of Libya’s political and economic leadership to address these challenges and reach agreement on the financial arrangements, but more must be done to address exceptionally difficult circumstances Libyans continue to face on a daily basis.

We believe that progress on economic reforms will support stabilization and improve the lives of all Libyans. We urge institutions and communities to come together to protect Libya’s natural resources and distribute Libya’s wealth fairly to communities making legitimate demands for basic infrastructure and services.

With elections on the horizon, the Libyan people will be able to exercise their voice and vote for leaders who can be good stewards of Libya’s wealth. We urge all political leaders, ministers, and Libyan government officials entrusted with public resources to manage them judiciously, increase transparency, and minimize fraud, waste, and abuse of power. As noted in the 29 May 2018 Paris declaration, Libya’s institutions, including the Central Bank, must unify in order to effectively implement the change the country requires.

Lastly, I want to thank our colleagues from the international community, International Monetary Fund, and World Bank for supporting and providing their expertise and feedback on Libyan economic policy. Your participation today reaffirms the international community’s efforts, led by UN Special Representative of the Secretary-General for Libya Dr. Ghassan Salamé, to build a more secure, stable, and prosperous future for all Libyans’’, Stephanie Williams concluded.

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2 weeks ago

Business News

Business News
Released:  06/06/20182018-06-06
Word count:  431

TUNIS, June 5 (Reuters) - The governor of Libya’s central bank in Tripoli said on Tuesday that officials in the capital had reached agreement on enacting key reforms, including to fuel subsidies and the exchange rate, by the end of July.

Play
Reuters
Libya is a major oil producer and was once one of the wealthiest countries in the region, but its economy has been crippled by conflict and political division over the past five years.

With international support, the National Oil Corporation and central bank in Tripoli have retained control over oil production and revenues, which have partially recovered in the past year.

However, it remains unclear to what extent any reforms enacted in Tripoli can take effect across the whole country since eastern Libya is controlled by rival authorities with their own central bank.

Recent attempts to rein in the deficit and the informal economy by cutting huge fuel subsidies and public salary spending and by limiting the spread between the official and black market exchange rate have come to little.

Speaking in Tunis after the eighth in a series of Western-backed dialogue meetings on Libya’s economy, Tripoli central bank governor Sadiq al-Kabir said there was agreement among participants on tackling deep-rooted economic distortions.

“A series of reforms have been reached, the most important of which concern fuel subsidies and the exchange rate,” he said, without giving further details.

Kabir said practical steps would be addressed after the end of the holy month of Ramadan, in mid-June, and that following this, “at the most after six weeks the decisions for implementation will be ready”.

“We hope that it will be a leap forward for Libya and contribute to alleviating the suffering of Libyans as much as possible.”

Libya’s official exchange rate has stood unchanged at 1.4 dinars to the dollar, while a dollar buys around 7 dinars on the black market, allowing those with access to dollars to make vast profits.

The Tunis meeting grouped together senior members of the internationally recognised government in Tripoli, Western diplomats and representatives from the International Monetary Fund and World Bank.

It comes after the Audit Bureau in Tripoli published allegations last month of widespread waste and corruption in western Libya in a report that ran to more than 900 pages, increasing public pressure on the government and Kabir, whom Libya’s eastern-based parliament has tried to replace.

The Audit Bureau did not report on eastern regions.

“We urge all political leaders, ministers, and Libyan government officials to manage them judiciously, increase transparency, and minimise fraud, waste and abuse of power,” the ambassadors of France, Germany, Italy, Britain, the United States and the European Union said in a joint statement after the Tunis meeting.

“Libya’s institutions, including the central bank, must unify in order to effectively implement the change the country requires.”

(Editing by Gareth Jones)
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SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  05/06/20182018-06-05
Word count:  990

Societe Generale SA will pay about $1.3 billion to resolve a probe into the bribery of Libyan officials and settle a U.S. investigation into interest-rate manipulation, drawing a line under two of the French bank’s biggest legal headaches.

Play
Bloomberg
SocGen will pay $585 million to resolve charges with U.S. and French law enforcement agencies related to the Libya investigation and $275 million for violations arising from helping rig benchmark interest rates including the London InterBank Offered Rate. The bank will also pay about $475 million to the U.S. Commodity Futures Trading Commission to settle the Libor probe, according to a statement on Monday from the regulator.

Legg Mason Inc., a Maryland-based investment management firm, was also penalized Monday for having a role in the Libyan bribery matter, agreeing to pay $64 million in a resolution with the Justice Department.

The SocGen settlement is one of the largest against a financial institution under the Trump administration, which inherited investigations into activities including the sale of crisis-era mortgage bonds. The CFTC’s penalty against the bank, at nearly half billion dollars, was larger than all the penalties doled out by the regulator this past fiscal year. The agency must turn over all of that to the U.S. Treasury.

In the Libyan case, SocGen entered into a deferred prosecution agreement with the Justice Department, and one of its units, SGA Societe Generale Acceptance NV, is scheduled to plead guilty Tuesday in federal court in Brooklyn to a charge of conspiring to violate the U.S. Foreign Corrupt Practices Act, according to a Justice Department statement. Half of the $585 million criminal penalty will be paid to France’s Parquet National Financier.

“For years, Société Générale undermined the integrity of global markets and foreign institutions by issuing false financial data and by fraudulently securing contracts through bribery,” Acting Assistant Attorney General John Cronan said in a statement. “Today’s resolution -- which marks the first coordinated resolution with France in a foreign bribery case -- sends a strong message that transnational corruption and manipulation of our markets will be met with a global and coordinated law enforcement response.”

SocGen announced earlier Monday that it had reached agreements in principle with U.S. authorities and the Parquet National Financier. Legal provisions allocated to the Libor and Libyan matters fully cover the penalties, the bank said in a statement before market hours. SocGen has yet to resolve a U.S. probe into whether the bank facilitated transactions in violation of economic sanctions.

SocGen joins lenders including Deutsche Bank AG and Royal Bank of Scotland Group Plc that paid billions of dollars in fines to settle such charges. For Chief Executive Officer Frederic Oudea, at SocGen’s helm since 2008, resolving the issues removes an important area of uncertainty for the bank as he works to meet ambitious 2020 targets for profitability and revenue growth.

“It’s good news for SocGen,” said Francois Chaulet, who helps manage about 500 million euros at Montsegur Finance in Paris. “It should reduce concerns over their legal risks.” Shares Rise

SocGen rose 0.7 percent to 37.81 euros in Paris trading. That came after news of the settlement and a report in the Financial Times on Sunday that the bank is considering a merger with Italian rival UniCredit SpA. SocGen denied there are any discussions of a tie-up.

Talks to end the Libor and Libyan probes, started under President Barack Obama, intensified over recent months, and Didier Valet, appointed deputy CEO at the start of 2017, stepped down on March 14 as the bank worked to resolve the matter. His departure was to help avert restrictions that could be placed on SocGen’s U.S. businesses, a person familiar with the matter said in March. Broader Shakeup

Rather than just replacing Valet, SocGen went for a broader management shakeup. Deputy CEO Severin Cabannes is taking over Valet’s investment-banking responsibilities, while SocGen also appointed three new deputy CEOs. That followed a disappointing first quarter for the bank in its key equity trading division.

U.S. prosecutors had collected documents suggesting that SocGen executives were aware that its bankers were submitting fake U.S. dollar Libor rates, Bloomberg News reported in November. The misleading numbers made bank borrowing costs look lower than they actually were.

The Libya probe marked the first time that the French authorities had partnered with the Justice Department in a case of such magnitude and complexity. Under a 2016 French law, the country’s prosecuting authorities received expanded powers to fight financial misbehavior, including a new settlement procedure.

The French authorities’ involvement shows a change of tack toward the country’s own banks. France bristled in 2014 at U.S. plans to levy as much as $10 billion in fines against BNP Paribas SA for sanctions violations, and then-President Francois Hollande raised what he called stability-threatening penalties with President Barack Obama.

In 2016, France stopped cooperating with U.S. information requests in the SocGen matter after deciding that doing so could hurt the country’s economy and threaten its national interest, three people familiar with the situation previously told Bloomberg.

L’Agence Française Anticorruption was tapped with making sure SocGen complies with its responsibilities under the Justice Department resolution. Legg Mason Settlement

Legg Mason entered into a non-prosecution agreement with the Justice Department after admitting that one of its units, Permal Group Ltd., partnered with SocGen during the Libyan bribery scheme, which ran from 2004 to 2010, according to a Justice Department statement.

While the improper payments to a Libyan broker were made by SocGen, Legg Mason’s Permal, which managed Libyan investment funds, made $31.6 million from the transactions, according to prosecutors.

“The misconduct by former employees of the legacy Permal business that the government found was totally unacceptable,” Legg Mason Chairman and CEO Joseph Sullivan said in a statement. “It violated our high standards, our long-held core values and our ‘no-chalk’ culture.”

Sullivan said Legg Mason has cooperated with the U.S. investigation for more than seven years and expects to soon resolve a related inquiry by the Securities and Exchange Commission. The company, in its statement, said it expects all matters relating to the Libyan conduct to be resolved for about $71 million.

— With assistance by Benjamin Bain
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SIVAJOTHI GNANATHEEVAM
2 weeks ago

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SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  04/06/20182018-06-04
Word count:  151

Legg Mason Inc. has set aside $67 million as part of an expected resolution of a Foreign Corrupt Practices Act investigation into activities of a hedge fund unit that managed money for the Libyan government of Moammar Al Qaddafi.

Play
Bloomberg
Negotiations to close investigations of Legg Mason’s Permal Group are expected to be completed “shortly,” the Baltimore-based asset management firm said in a filing on Wednesday.

“The matter does not relate to any of our or our affiliates’ current business activities or client relationships and has focused on the actions of former employees of Permal who left that firm four or more years ago,” the firm said its fiscal year-end filing. It declined to comment beyond the filing.

Legg Mason said it accrued a $67 million charge for the year ended March 31, including $31 million earned by Permal managing money for Libya. The investments were made in calendar years 2005 to 2007 and terminated no later than 2012. In 2016, Legg Mason combined Permal with EnTrust Capital, another alternative asset management affiliate, to form EntrustPermal.

Qaddafi seized control of Libya in a 1969 coup d’etat and ruled until he was captured and killed by rebels in 2011.
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2 weeks ago

Business News

Business News
Released:  01/06/20182018-06-01
Word count:  1007

Managers of top international companies, national leaders and opinion-makers of all sorts gathered last week for the St. Petersburg International Economic Forum in Russia.

Play
al-monitor
Among a dozen public and closed panels, one session was dedicated to Libya’s reintegration into the world economic system. The panel brought together the foreign minister for the Libyan Government of National Accord, Mohamed Siala, Russian Deputy Foreign Minister Mikhail Bogdanov and the head of the Russian contact group for intra-Libyan resolution, Lev Dengov.

The meeting is perhaps indicative of Russia’s changing perception of Libya and its lengthy civil war. Moscow has long seen Libya’s situation as one of chaos resulting from the NATO-led intervention in 2011; as a result, Libya is unable to be integrated into the world economy. All this means that economic connections cannot be built and that high-level foreign officials generally cannot discuss anything substantial with Libyan representatives. If Libya is serious about building its future, and if Russia is to become a partner in that endeavor, they both must start working toward stability to develop trade and re-establish economic ties with others.

Libyan leaders appeared to be making progress in this effort at a May 29 summit in Paris.

Moscow’s changing attitude is evident in the latest statistics for trade between the countries. The 2011 revolution had almost ceased economic cooperation between the two countries. More than a dozen major projects in oil production, construction, nuclear energy and health care halted. In 2016, the countries’ trade fell to $74 million, and exclusively involved Russian agricultural exports. The next year, however, although the assortment of goods remained virtually the same, trade almost doubled, reaching $135 million.

In the first quarter of 2018, Libya’s grain imports from Russia dropped 54% from the same period in 2017. In 2018’s first quarter, grain made up 46% of total Russian exports to Libya, but the range of products grew. Metals made up about one-third of Russian exports to Libya, and chemicals, about 10%; Russia previously exported neither of these commodity groups to Libya.

According to Dengov, major Russian corporations, mostly oil and gas companies such as Tatneft, are interested in returning to the Libyan market. Due to security issues, operating in the country is difficult, requiring constant interaction between Russian entrepreneurs and local Libyan authorities, including government officials, tribal chiefs and municipal leaders. It appears that on Russia’s end, these issues are most likely to be settled in part by Dengov himself.

Dengov also mentioned that last month, “representatives of Libyan security services” visited Moscow to meet with their Russian counterparts. “The Libyans expressed interest in deliveries of Russian security systems,” Dengov said, but gave no details.

Some other countries also appear to be changing their views of Libya. Some Western countries, UN officials and Libyans themselves expect the instability to end soon through evolving discourse. This emerging optimism is only partly driven by hopes of implementing the peace plan drawn up by UN Special Envoy Ghassan Salame.

As shown in a May 2018 report by Russia’s Valdai International Discussion Club (to which this author contributed), analysts believe the transformative period in the Middle East is over, and “current trends in political, social and economic development will determine the regional picture for the years, if not decades, to come.”

Moscow believes that even before political conflicts are resolved, all parties have an opportunity to revive their economic relations with Middle Eastern countries, including first and foremost through economic reconstruction in Syria and regular trade with Libya.

The main problem here is that reviving economic relations calls for adapting to the current situation. And if adaptation turns to complacency and the situation grows stagnant, paradoxically, it can impede conflict resolution and political normalization. Such danger exists now in Libya.

Today, there are at least three main potential approaches to settling the conflict. The first is the aforementioned UN plan, which involves organizing a National Conference this summer, holding elections later this year or in early 2019 and adopting a constitution — most likely after the election.

The second approach is what Egypt proposes: consolidating Libya’s military groups as a first measure preceding the country’s political unification.

The third idea, promoted mostly by numerous foreign nongovernmental organizations, implies “grass-roots consolidation” — building the government structure from the basic level of local communities and tribes, and rebuilding the country’s social and economic integrity.

Obviously, all three visions complement one another. But skeptics ask: What happens if none of the proposals works?

After all, grass-roots consolidation is time consuming, considering Libya’s vast experience with failed elections and broken agreements. So is unifying the military, a process that constantly turns out to be dependent on politics and unable to break any deadlock.

In this situation, maintaining a balance between the country’s demands for economic development and the need to preserve Libya’s national interests is crucial. It’s also important to note that while such reconstruction is a positive idea, it can’t be easily implemented in a number of areas, including the financial system, education, health care and food security.

Here, Russia sees a role for itself, particularly in education and health care.

When Moammar Gadhafi led Libya, Russian companies signed an agreement with the government to create an integrated system of telemedicine: using telecommunications to remotely diagnose illness and prescribe treatment. Currently, this project is likely to be restarted, as the necessary international laws were created in recent years and Russian specialists have received important experience by working in politically unstable regions.

As for education, Russia’s government declared last year that it aims to have 710,000 foreign students from various countries enrolled in Russian universities by 2025, compared with 220,000 in 2017, and foreign students taking Russian online courses “should grow from 1.1 million to 3.5 million.” Moscow will invite Libyan students to Russia and, depending on the security situation, might open university branches in Libya. Russia also is developing large-scale remote education programs to implement in both countries’ schools.

Moscow believes cooperation in health care and education can allow Russia to promote its long-term interests in North Africa. This would also help Libyan leaders address the challenges of reintegrating their country internationally, which in the long run is likely to become an important tool for building peace.

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Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Sir/Ma

Are you having one or two difficulties from other financial instrument lender? i want you to take a chance with us you will never regret your partnership with our firm..We have a direct genuine provider for BG/SBLC,MTN,LC,CD,DLC BOND specifically for lease,Our lease rate is (5)% x%. X% IS Lessee broker's Commission and he determines his commission, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to Mr. SIVAJOTHI GNANATHEEVAM should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker?

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

For all inquires Contact:

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com Skype ID: leasingmandate

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News

Mellitah Oil & Gas B. V. (oil Division) intends to inviting local ,Foreign specialized companies that have established themselves in the ability & competence to carry out the required work, by presenting two (2) files as follows:

Play
NOC

 

             File for Legal and Financial documents.

             File for Technical documents includes (Technical profile, experience, CV, etc.)

For the purpose of evaluation and pre - qualification in order to select suitable and eligible companies to participate in the following tender:

 

Tender No-884

 

Maintenance Services for Rescue & Fire Fighting Vehicles of  Mellitah (Oil Division) Onshore Fields & Tripoli Bases.

 

 

Scope of Work

Scope of work :

•             To perform a thorough Preventive Maintenance on Company Onshore Fields & Tripoli Base’s Rescue & Fire Fighting Vehicles.

•             To perform a thorough Corrective Maintenance on Company Onshore Fields & Tripoli Base’s Rescue & Fire Fighting Vehicles.

•             To provide equipment’s, special tools, materials, spare parts & personnel to perform the services required

 

 

QUALIFICATION REQUIREMENTS:

Interested companies for the above tender must satisfy the stipulated requirements and submit all required information and documents below. Taking into consideration that failure to submit these documents will render automatic disqualification:

1.            Letter on Company's letterhead Addressed to the Contracts Department Manager (Oil Division) stating expression of interest on the respective tender, the letter should contained company email, phone number & mobile for quick contact if needed 

2.            The Participating bidders must be having all legal documents and registered in Libya to be valid for not less than six (6) months from the date of the announcement.

3.            Curriculum Vitae of staff assigned for this work

4.            Company Profile with full details of similar contracts performed with relevant and verifiable Reference List of Clients, current activities to be carried out and any additional information that will enhance the potential of the applicant /consortium.

5.            The bidders shall have advance knowledge of local and international environmental regulations to perform the work activities.

6.            Health , Safety, Environment & Quality (HSEQ): The bidders shall provide the following:

6.1 Company's approved HSE manual attached with the company's approved HSEQ policy.

6.2  Certificates of Health, Safety, Environmental and Quality systems (ISO-9001, ISO- 14001 & OSHAS-18001)

6.3 Company’s HSEQ Procedures list.

7.            Submission of Company's Financial Status documents turnover for the last (3 years) accredited and approved by external financial auditor.

8.            Mellitah Oil & Gas has the right to exclude any file does not meet the above stipulated requirements.

 

The required Legal documents from participating companies are as follows:

Local Companies:- 

             Original copy of valid commerce registration and official registration certificate with Chamber of Commerce.

             Original copy of Valid Business License. 

             Original copy of Valid Tax Certificate.

             Company Establishment Contract.

             The participating Bidder registered activity should be agreed with Scope of work of Service or project that will be implemented.

 

Joint Venture Companies and agreements:-

A)           J.V Companies      

Submission of documents indicating the establishment of a joint venture company in accordance with the legislation and regulation in Libya, whether between two parties (local and foreign) or two local parties, in addition to other legal requirements that mentioned in the item of local company.

B)            The Agreement (Solidarity)

             The agreement shall be ratified by the competent authorities (contract editor)

             The agreement shall include the commitment of the solidarity parties together or individually to carry out all the required works and services. 

             The agreement should clarify the legal representative for the parties.

             Cannot be submit separate offer by one of the participants or in solidarity with another contender to participate in the tender.

 

Foreign Companies

 

Matching with the same above mentioned conditions and requirements for local companies, in addition to submit a valid permission from Libyan Ministry of Economy to open foreign company branch.

Notes:

 

One hard copy & one soft copy (CD) of the Prequalification Documents containing the above stated requirements Hard copy shall be submitted in sealed envelopes and marked:

TENDER NO. 884

Rescue & Fire Fighting Vehicles Maintenance Services for Mellitah ( Oil Division ) Onshore Fields & Tripoli Bases.

Addressed to the " Contracts Department Manager "

( Oil Division ) to the following address:

Mellitah Oil & Gas Company (Oil Division)

Dahra Building-fifth floor – Green side 

P.O. Box 346, Tripoli-Libya

The prequalification submission Date not later than Wednesday  20/06/2018

 Or Soft Copy should be submitted to the following email address:-

Pre-Qualification ( PRE-Q@Mellitahog.ly)

 

 

Important Notes:

1.            The pre qualifications’ request is not an invitation to tender. Company is neither committed nor obligated to undertake the work described above or to issue any call for tender or to include any respondent to this invitation on the final 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 pre-qualified.

3.            Company will not be responsible for what's ever 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 

Comments:

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Sir/Ma

Are you having one or two difficulties from other financial instrument lender? i want you to take a chance with us you will never regret your partnership with our firm..We have a direct genuine provider for BG/SBLC,MTN,LC,CD,DLC BOND specifically for lease,Our lease rate is (5)% x%. X% IS Lessee broker's Commission and he determines his commission, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to Mr. SIVAJOTHI GNANATHEEVAM should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker?

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

For all inquires Contact:

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com Skype ID: leasingmandate

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News

The Tripoli-based Central Bank of Libya has confirmed its decision to freeze public spending for non-essential sectors until an investigation is carried out into allegations that it has mismanaged public funds.

Play
Libya herald
The confirmation came indirectly in a clarification statement issued yesterday. The clarification statement said that with reference to what was issued by the CBL on 24 May (which it had not officially published) regarding suspending disbursements of public funds except for salaries and subsidies and urgent disbursements that would reduce burden on citizens.

The CBL, however, stressed that it would not suspend the approved letters of credit or family allowances. This confirmation came as a relief as the black – market exchange rate of the dollar had immediately shot up as a result of the 24 May leaked letter.

It will be recalled that on 24 May an unconfirmed leaked letter from the CBL had started to circulate. This publication could not get any official confirmation of the letter. Yesterday’s statement by the CBL confirmed the letter by reference to it.

The CBL letter was addressed to the Presidency Council, the House of Representatives, the High State Council, the Attorney General’s Office, the High Judiciary Council and the Administrative Control Authority. The Audit Bureau was not included.

In the 24 Mat letter, the CBL said that it was forced to take this action as a result of the accusations by the Audit Bureau in its 2017 Annual Report of mismanagement of public funds. The CBL said that it was its duty to suspend non-essential disbursements in the interest of safeguarding public funds.

To this end, it called upon the relevant entities to investigate the claims made in the Audit Bureau report.

This latest statement by the CBL is part of an ongoing political tug-of-war between the Tripoli-based CBL and the Tripoli-based Audit Bureau. It caused by the political and legitimacy vacuum in Libya caused by the country’s political split and weakness of institutions.

It will be recalled that both the CBL and Audit Bureau do not fall under the control of the Tripoli executive – the Faiez Serraj-led Presidency Council. Their heads are appointed by the Libyan parliament – the House of Representatives (HoR) in Tobruk. The relative weakness of the HoR and its inability to enforce its decrees in western Libya has left a vacuum for both the CBL and Audit Bureau – which has led to their ongoing battle to establish boundaries of responsibility.

Equally, because by Libyan law the state budget can only be passed by the legislature, the HoR in Tobruk, the CBL and Audit Bureau have had increased powers in approving the temporary/emergency ‘budget’ (called Financial Arrangements under the 2015 Libyan Political Agreement) in the face of the HoR’s refusal to approve a budget.
Comments:

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Sir/Ma

Are you having one or two difficulties from other financial instrument lender? i want you to take a chance with us you will never regret your partnership with our firm..We have a direct genuine provider for BG/SBLC,MTN,LC,CD,DLC BOND specifically for lease,Our lease rate is (5)% x%. X% IS Lessee broker's Commission and he determines his commission, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to Mr. SIVAJOTHI GNANATHEEVAM should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker?

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

For all inquires Contact:

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com Skype ID: leasingmandate

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  29/05/20182018-05-29
Word count:  197

TRIPOLI, May 29 (Xinhua) -- Libya has won two international lawsuits against a Portuguese company and a Lebanese one respectively, demanding financial compensation totaling 88 million Euros (102 million U.S. dollars).

Play
Xinhua
The justice ministry's lawsuit department said in a statement Monday that it won an lawsuit before the International Chamber of Commerce in Paris filed by Portuguese company Way 2 B against the Libyan Department for Development of Administrative Centers, claiming a financial compensation of 60 million Euros (69 million dollars) for damages suffered in Libya during the 2011 uprising.

The Portuguese company claimed the contracting authority had violated the terms of a contract to build two university complexes. The Court rejected the company's claims against the Libyan department.

The Department for Development of Administrative Centers is the largest Libyan institution responsible for implementation of infrastructure projects in the country.

The lawsuit department also said that it won another lawsuit filed by a Lebanese company seeking 28 million Euros (32 million dollars) of compensation. The company claims to have supplied a Libyan field hospital in 2011 without any proving documents.

The lawsuits department of the Libyan ministry of justice was established under Law No. 87 of 1971. The department represents the government and handles lawsuits filed against the country inside and abroad.

The Libyan audit bureau a few days ago said foreign companies abroad have filed 142 lawsuits against Libya since 2011, demanding compensation of 9 billion Euros (10.5 billion dollars).
Comments:

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Sir/Ma

Are you having one or two difficulties from other financial instrument lender? i want you to take a chance with us you will never regret your partnership with our firm..We have a direct genuine provider for BG/SBLC,MTN,LC,CD,DLC BOND specifically for lease,Our lease rate is (5)% x%. X% IS Lessee broker's Commission and he determines his commission, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to Mr. SIVAJOTHI GNANATHEEVAM should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker?

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

For all inquires Contact:

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com Skype ID: leasingmandate

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News

BENGHAZI, Libya, May 27 (Reuters) - Production at Libya’s Arabian Gulf Oil Company (AGOCO) has returned to normal levels at 250,000 barrels per day (bpd) after output losses caused by power supply problems because of high temperatures, an official from the company said on Sunday.

Play
Reuters
Production had fallen to less than 150,000 bpd on Wednesday after unusually hot weather caused the power supply problem.

(Reporting by Ayman al-Warfalli Writing by Aidan Lewis Editing by David Goodman)
Comments:

Dear Sir/Ma,

We provide BG/SBLC for lease (5)%+x%. X% and the best purchase price 40+2 Fresh cut and slightly seasoned BG, from AA rated Banks in Europe and HK. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these instruments. Leased Instruments can be obtained at minimal costs to lessor compared to other banking finance options. This offer is open to both individuals and corporate bodies.

The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects., we fund 100% of the face value of the financial instrument. Inquiries from agents/ brokers/ intermediaries are also welcome. If you are interested in seeking to raise finance for your business/projects in this way, please contact me for more information. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!

Robert Glen
1 week ago

Sir/Ma

Are you having one or two difficulties from other financial instrument lender? i want you to take a chance with us you will never regret your partnership with our firm..We have a direct genuine provider for BG/SBLC,MTN,LC,CD,DLC BOND specifically for lease,Our lease rate is (5)% x%. X% IS Lessee broker's Commission and he determines his commission, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

All inquires to Mr. SIVAJOTHI GNANATHEEVAM should include the following minimum information so I can quickly address your needs:

Complete contact information: What exactly do you need? How long do you need it for? Are you a principal borrower or a broker?

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.

For all inquires Contact:

Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com Skype ID: leasingmandate

SIVAJOTHI GNANATHEEVAM
2 weeks ago
Find out what contracts are on offer in Libya
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