Oil hits highest levels since 2015 amid tightening markets, Saudi purge

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Business News

Business News
Released:  03/11/20172017-11-03
Word count:  178

Troubled Sebha airport, which was finally closed two and a half years ago after repeated violence disrupted flights and damaged the terminal building, is due to reopen in a week, Presidency Council deputy head Ahmed Maetig has said.

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Libya herald
Last week Maetig was assured by the Government of National Accord transport minister Milad Matou that the airport was ready to restart operations.

The interior ministry also confirmed that new security measures were in place. However, it added the caveat that local communities had to behave responsibly. In 2014, one of the airport’s several closures was forced by fighting between Tebus and Awlad Suleiman tribesmen. In 2012 an Afriqiyah pilot had to abort a landing at the last minute in the face of gunfire, apparently from wedding celebrations nearby.

In August management predicted the airport would reopen after Eid but said it was waiting for Libyan Airlines and Afriqiyah to confirm they would being flying in to Sebha. The Libyan Airports Authority has called publicly for them to return to the airport. However, it also said that initially movements would only be allowed during daylight hours.

Until Sebha reopens, passengers are still obliged to travel 60 kilometres north to Al-Shatti or 175 kilometres west to Obari. It was not possible to contact either Libyan Airlines or Afriqiyah to learn their plans.

Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
1 week ago

Oil & Gas News

Oil & Gas News
Released:  03/11/20172017-11-03
Word count:  398

SINGAPORE (Reuters) - Oil markets rose on Friday, supported by OPEC-led supply cuts which are tightening the market as well as by strong demand, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output.

Play
Reuters
Brent futures, the international benchmark for oil prices, were at $60.86 per barrel at 0524 GMT, up 24 cents, or 0.4 percent, from their last close. Brent has risen by 37 percent since its low in 2017 reached last June.

U.S. West Texas Intermediate (WTI) crude was at $54.83 a barrel, up 29 cents, or 0.5 percent, from the last close. WTI is 30 percent above its 2017-low in June.

The bullish market sentiment has been fueled this year by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to hold back 1.8 million barrels per day (bpd) in oil production to tighten markets.

While supplies are being withheld, oil demand is rising, especially in China, whose roughly 9 million bpd of imports has surpassed the United States as the world’s biggest crude importer.

“China’s oil demand growth appears to be accelerating,” U.S. investment bank Jefferies said.

Furthermore, global crude inventories, especially in the U.S., have drawn down as oil markets have been slightly undersupplied during the past quarters, although the outlook for next year is uncertain.

The pact to withhold supplies runs to March 2018, but there is growing consensus to extend the deal to cover all of next year. Analysts say that without an extension of the cuts, a supply glut could re-emerge, especially due to rising U.S. production.

“Our oil balance numbers imply a modest global drawdown of inventories in 2017, not nearly enough to reverse the large builds seen from 2014 to 2016. What’s more, our balance points to the resumption of global stock builds in 2018,” said Harry Tchilinguirian of BNP Paribas in a note.

Because of that, he said “we see no other option for OPEC and Russia than to agree to an extension of supply cuts past March 2018.” Tchilinguirian said rising U.S. output, which has jumped by more than 13 percent since middle of 2016 to 9.6 million bpd, was resulting in increased exports.

The Energy Information Administration (EIA) said this week that the latest U.S. crude oil export figures rose a record 2.1 million bpd. “With the U.S. oil surplus increasingly exported to Atlantic Basin markets and further ashore to OPEC’s hitherto captive markets in Asia, it may be difficult for Brent to hold on to $60 per barrel in 2018,” Tchilinguirian said.

BNP Paribas said it expected WTI and Brent to average $50 per barrel and $55 per barrel, respectively, in 2018.

Reporting by Henning Gloystein; Editing by Chrsitian Schmollinger
Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
1 week ago

Business News

Business News

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

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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. ITT/022/DRILL/17

 

Provision of 1200 HP Workover Rig Unit, Equipment and Materials for Onshore Wafa Field.

Scope of Work

MOG Company (Gas Div.) is requesting for a reputable Contractors to provide 1200 HP Workover Rig Unit, Equipment and Materials for Wafa Onshore Field.

Wafa Onshore Field is located in the block NC169A close to Libyan – Algerian border in the south western part of the Libyan side of Gadames Basin and about 160 km to the city of Gadames.

MOG intends to replace and install three (3) wells Electric Submersible Pump (ESP) and three (3) wells for Sucker Rod Pump (SRP) project due to depletion of fluid recovery and additional one (1) well mechanical woerkover.

*Well Casing Profile

•             Oil vertical well number of (1) to be completed cased hole. The casing profile is 18” 5/8  CP @ 500ft, 13”3/8 Csg @ 3600ft, 9”5/8 Csg @ 8600ft (top reservoir), 7”liner @ 8900ft completion with 3” ½ or ½ "4 tbg 13Cr.

•             Oil and Gas vertical wells number of six (6) to be recover from an existing well. The casing profile is 13” 3/8 CP @ 500ft, 9” 5/8 Csg @ 3600ft, 7” × 8/5  7” Csg @ 8600ft, completion with 3 ½ or 4 ½ tbg 13Cr.

 

*Rig Minimum Requirements

1.            Derrick or mast 300 mt

2.            Hook load capacity 650,000 Ibs

3.            With max number of lines 10 nr

4.            Crown block 400 mt

5.            Travelling block 295 mt

6.            Hook block 295 mt

7.            Swivel head 300 mt

8.            Top drive 400 mt

9.            Raking platform 10,000 ft 5”dp, 700 ft, 6 ½ “dc

10.          Rig floor set back 150 mt

11.          Rotary table capacity 400 mt

12.          Draw work main drum 400 mt

13.          Drilling line 105 mt

14.          Dead line anchor 125,000 Ibs.

The services includes the supply of all equipments, materials and personnel necessary to carry out all the operations required as the following:-

•             Mobilize / demobilized drilling unit and all related tools and equipments capable of carry out operations safely.

•             Preformed Workover Program

•             24 hours daily basis operations for tripping, workover with or without drill pipe

•             Repair, Maintenance, modify to the unit (excluding particular modifications) requested by company during shutdown case

•             Provide transport truck during rig move basis

•             Provide daily meals (eating and drinking) and accommodation for all company crews and contracting companies

•             Provision of necessary health care including (clinic, ambulance, doctor and first aid kit).

•             4 × 4 FWD pickup truck for company use

•             Rig move unit, personnel, equipments and / or materials inside the field or between locations.

 

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 (Gas Division) including (E-mail, Phone No., Mobile No. etc) stating expression of interest on the respective tender.

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:- 

  •        Copy of valid commerce registration and official registration certificate with Chamber of Commerce.
  •         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 shall be submitted in sealed envelopes and marked:

 

TENDER NO. ITT/022/DRILL/17

 

Provision of 1200 HP Workover Rig Unit, Equipment and Materials for Onshore Wafa Field.

 

Addressed to the " Contracts Department Manager "

( Gas Division ) to the following address:

Mellitah Oil & Gas Company ( Gas Division)

Dat El-Imad Complex, Tower 1 - 4th Floor

P.O. Box 91651 Tripoli-Libya

The prequalification submission Date not later than 26/11/2017

Soft Copy can be submitted to the following email address:-

PREQ-GAS@Mellitahog.ly

Important Notes:

1.            The prequalification’s’ 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 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 pre-qualified.

3.            Company will not be responsible for what' sever 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:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
1 week ago

Oil & Gas News

Oil & Gas News
Released:  02/11/20172017-11-02
Word count:  368

SINGAPORE (Reuters) - Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market.

Play
Libya herald
Brent futures, the international benchmark for oil prices, were at $60.56 per barrel at 0417 GMT, up 7 cents or 0.1 percent from their last close. Brent has risen more than 35 percent since its 2017-lows last June.

U.S. West Texas Intermediate (WTI) crude was at $54.30 a barrel, unchanged from the last settlement, but still some 30 percent above its 2017-low in June.

Traders said oil markets were being supported by falling U.S. commercial crude oil inventories despite rising output.

U.S. commercial crude oil inventories fell by 2.4 million barrels in the week to Oct. 27 to 454.9 million barrels, according to data from the Energy Information Administration (EIA) on Wednesday.

“U.S. crude inventories are back on a downward trend after disruptions from hurricane Harvey caused a small build,” said William O‘Loughlin, investment analyst at Rivkin Securities.

This came despite a 46,000 barrels per day (bpd) increase in production to 9.6 million bpd. U.S. crude output is now up over 13 percent since mid-2016.

The EIA said that a record 2.1 million bpd of U.S. crude was exported in the latest week.

Traders said this was due to WTI’s wide discount to Brent which makes overseas sales profitable.

Outside the United States, confident market sentiment has been fuelled by an effort this year lead by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to hold back about 1.8 million barrels per day (bpd) in oil production to tighten markets.

“With an extension of the OPEC-Russia deal likely to continue to at least late next year, prices have found ongoing support,” National Australia Bank said on Thursday.

Trade data shows that global oil markets have been slightly undersupplied during the past quarters, resulting in fuel inventory drawdowns.

The pact to withhold supplies runs to March 2018, but there is growing consensus to extend the deal to cover all of next year. Despite the generally bullish market sentiment, some analysts warned of too much confidence in higher prices.

“The overbought nature of the daily RSI’s (relative strength index).. has made both contracts (Brent and WTI) vulnerable to short-term profit taking on the headline-driven news,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Reporting by Henning Gloystein; Editing by Richard Pullin  
Comments:

We are broker firm in London-UK, we have direct Provider of BG/SBLC specifically for Lease and Purchase, The provider is tested and trusted. We have been dealing with the company for the past 6years. Interested Agent/Lessee should contact us for directives.If you have need for corporate loans, international project funding, etc. or if you have a client who requires funding for his project or business we have all available.

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

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

SIVAJOTHI GNANATHEEVAM
1 week ago

Oil & Gas News

Oil & Gas News
Released:  01/11/20172017-11-01
Word count:  376

SINGAPORE (Reuters) - Brent crude oil prices were near two-year highs on Wednesday as OPEC has significantly improved compliance with its pledged supply cuts and Russia is also seen keeping to the deal.

Play
Reuters
Brent futures LCOc1, the international benchmark for oil prices, were at $61.16 per barrel at 0045 GMT, up 22 cents, or 0.36 percent, since their last close and near the $61.41 a barrel two-year high from intraday trading on Tuesday. Brent is up almost 38 percent since its 2017-lows last June.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $54.65 a barrel, up 27 cents, or 0.5 percent, and close to February highs. It is up almost 30 percent since 2017-lows in June.

Bullish sentiment has been fuelled by an effort this year lead by the Organisation of the Petroleum Exporting Countries (OPEC) and Russia to hold back about 1.8 million barrels per day (bpd) in oil production to tighten markets.

While compliance was low during the first half of the year, supplies have been reduced significantly since.

OPEC’s October output fell by 80,000 bpd to 32.78 million bpd, putting adherence to its pledged supply curbs at 92 percent, up from September’s 86 percent.

Russia is also seen to be in compliance with cutting its output by around 300,000 bpd below October 2016 levels of 11.247 million bpd.

Trade data shows that global oil markets have been slightly undersupplied during the past quarters, resulting in fuel inventory drawdowns.

Factoring in supply disruptions in Iraq due to fighting and the United States as a result of hurricanes, the market looks slightly undersupplied going into next year, traders said.

What is unclear is how OPEC, Russia and the other countries involved in withholding production will exit the supply-cutting deal.

The pact runs to March 2018, and Saudi Arabia and Russia support extending the agreement to potentially cover all of next year.

Should participants after that return to full capacity and U.S. output also grow further, a supply glut could quickly return. “We could rapidly ... go from a predicted deficit of around 260,000 barrels to a surplus of close to 1.5 million barrels. Prices would undoubtedly collapse as a consequence,” said Matt Stanley, a fuel broker at Freight Investor Services. Another key factor will be U.S. output, which has risen by almost 13 percent since mid-2016 to around 9.5 million bpd. C-OUT-T-EIA

“U.S. crude oil production is 410,000 bpd below the April 2015 peak of 9.62 million bpd. We expect production to surpass this level before year-end,” Barclays bank said.

Reporting by Henning Gloystein; Editing by Joseph Radford
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  01/11/20172017-11-01
Word count:  163

If the National Oil Corporation (NOC) can bring 11 new offshore gas wells on stream as planned in the course of next year, it may find it has largely escaped the supply disruptions brought about by armed gangs sabotaging gas pipelines in one cause or another.

Play
Libya herald
NOC said this week that it hoped that the first of the new gas wells being worked up in its Bahr Al-Salam field in the Gulf of Sirte would start producing by next May.

The gas and condensates, the discovery of which was announced in April, will be delivered to the Mellitah complex, a NOC joint venture with Italy’s Eni which takes much of the gas by sub-sea pipeline to Sicily. This, said a NOC spokesman will sustain the Mellitah facility “for the years to come”.

Indeed it is Libya’s offshore oil and gas fields that have produced the one constant in its export earnings. Oil from the Bouri field is pumped into a floating storage tanker safely away away the coast, from which it is loaded onto tankers.

The gas is more problematic since it has first to be landed and cleaned at Mellitah before the greater part of it is exported to Europe via the sub-Mediterranean Green Stream line
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Oil & Gas News

Oil & Gas News

SINGAPORE (Reuters) - Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising U.S. shale output dragged.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $60.78 per barrel at 0343 GMT. That was 12 cents below their last settlement, but still not far off the highest level since July 2015 reached earlier this week and up some 37 percent since their 2017-lows last June.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $54.05 a barrel, 10 cents below their last close. But that was still near their highest level since February and up around 28 percent since 2017-lows marked in June.

Despite generally upbeat market sentiment, some analysts were cautious after several days dominated by strong price rises. “U.S. shale output could keep a lid on prices over the medium to long-term,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

WTI’s $6.7 per barrel discount to Brent CL-LCO1=R is a result of rising American crude production C-OUT-T-EIA, which is up almost 13 percent since mid-2016 to 9.5 million barrels per day (bpd), making U.S. crude exports highly profitable.

There are also technical chart indicators that warrant caution, analysts said.

“The relative strength indexes (RSI) on both contracts are at overbought levels. These could leave oil vulnerable to short-term corrections lower,” said Jeffrey Halley, senior market analyst at future brokerage OANDA.

An RSI is a trading momentum indicator in which a value of over 70 points is seen to be overbought. Brent’s current RSI is at 70.12 points.

The bullish market has been fuelled by an effort led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to hold back about 1.8 million barrels per day (bpd) in oil production to tighten markets and prop up prices.

The pact runs to March 2018, but Saudi Arabia and Russia have voiced support to extend the agreement.

OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on Nov. 30.

“The fear of oversupply could easily turn to a fear of undersupply if inventories keep declining like they have been and demand continues to grow,” said William O‘Loughlin, investment analyst at Rivkin Securities.

Reporting by Henning Gloystein; Editing by Editing by Joseph Radford
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  31/10/20172017-10-31
Word count:  840

The London High Court has ordered that Zambia compensates Libya $380million for nationalizing Zamtel.

Play
UkZambians
This is a matter in which the Libyan Investment Authority (LIA), the investment arm of the Libyan government dragged the Zambian government to court for abruptly reversing the sale of Zamtel without compensation.

The Libyan company owned a 75 percent share of Zamtel while the Zambian government owned 25 percent.

According to the Financial Times of London, the Libyan Investment Authority reportedly pursued similar action against Chad, Rwanda and Niger.

In the report, the LIA claims that the four countries took advantage of “Libya’s political turmoil to nationalise assets belonging to the country’s $66 billion sovereign funds” following the eight-month long conflict that brought a brutal end to Muammar Gaddafi’s 40-year rule.

At the beginning of 2011, LAP Green Networks, a subsidiary of LIA, held stakes in nine telecoms operators across sub-Saharan Africa, including Chad’s Sotel Tchad, Oricel in Côte d’Ivoire and Gemtel Telecom in South Sudan.

On 2 May, Niger’s parliament voted to nationalise telecoms asset Sonitel, pulling back from a privatisation agreement to sell a 51% stake to LAP Green for $62.16m.

In January, then President Michael Sata seized a 75% stake in telecoms company Zamtel that LAP Green had purchased for $257m during a privatisation exercise in 2010.

LAP Green challenged the government’s actions in court and was asking for $480m in compensation.

The Financial Times quoted Hassan Bouhadi, chairman of the LIA as saying the legal action related to technology assets in the four countries named. “The LIA is determined to regain what was squandered from the Libyan people,” Bouhadi Mr. said recently.

On Friday, Finance Minister Felix Mutati told Parliament in a ministerial statement that the court had ruled that Zambia should compensate LAP Green for seizing Zamtel from the Libyan sovereign fund in 2012.

Mr. Mutati did not give details over which court made the order nor payment timeline.

The company was sold in 2010 by the Rupiah Banda administration for US$394 million on grounds that it had failed to recapitalise the business.

In 2012, the PF administration under President Michael Sata forcefully took over Zamtel’s operation from LapGreen Network claiming that the 75% shares the company owned were corruptly sold by the previous administration.

Lap Green Networks denied any wrongdoing in the manner it acquired the company and said it would challenge the country’s authorities in the courts of law. LapGreen Network then took the matter to the Lusaka High Court, where the government failed to defend its decision to repossess the company.

Instead, officials decided to enter a consent judgement to compensate LapGreen Network its initial investment in Zamtel amounting to US$252 million plus interest, calculated at 8%, and other charges.

The total amount payable to LapGreen Network came to US$382 million.

According to the settlement agreement, the government was supposed to make an initial payment of US$114 million in November 2016, followed by biannual payments of US$35 million in February 2017 and August 2017 respectively.

The opposition, the Forum for Democracy and Development (FDD) issued a statement through its spokesperson Antonio Mwanza demanding the government inform Zambians why it has failed to pay LapGreen Network and how it plans to settle the issue.

Almost three years ago, a Zambian High Court allowed Lap Green Networks to take the matter to the London Court as it was considered neutral ground after the Libyan company expressed concern that it would not be given a fair hearing in Zambia.

The court’s decision came after all foreigner directors of Zamtel were deported from Zambia.

In 2012, President Sata constituted a commission of inquiry to investigate how Zamtel was sold to the Libyans.

The Zambian government has failed to make public a report by the Commission of inquiry into the sale of Zamtel.

However, a leaked copy of the Commission Report however shows irregularities in the manner in which Zamtel was sold, alleging that Lap Green and RP Capitals, which was appointed as financial advisor, bribed senior Zambian government officials.

The Zambian government has repeatedly said it can only compensate Lap Green Networks for its investment in Zamtel, but that it will never surrender back the company to the Libyans.

In 2014, the Zambian government agreed to repay the US$103 million loan that Lap Green Networks obtained from China’s ZTE in 2011 for the expansion of Zamtel network.

The loan was obtained by Lap Green Networks in 2011 from ZTE in order to implement Zambia’s Global System for Mobile Communication (GSM) phase IV and Universal Mobile Telecommunication System (UMTS) projects.

The repayment of the $103 million loan was considered to be the first step in compensating Lap Green over its investment in Zamtel. Secretary to the Cabinet Rowland Msiska instructed the Secretary to the Treasury to secure a loan from China’s Import and Export Bank (EXIM) to pay back the loan to ZTE on behalf of Lap Green.

Dr. Msiska however, refused to discuss why the Zambian government decided to pay back the loan, and why it has decided to do so while the case was still in court.

“Government does not discuss its plans and programs in the media,” Msiska had said.

Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  30/10/20172017-10-30
Word count:  341

SINGAPORE (Reuters) - Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended.

Play
Reuters
Brent crude oil futures, the international benchmark for oil prices, were at $60.40 per barrel at 0236 GMT, 4 cents above their last settlement but still close to their highest level since July 2015 and up more than 36 percent since their 2017 lows last June.

U.S. West Texas Intermediate (WTI) crude futures were up by 5 cents, or 0.1 percent, at $53.95 a barrel.

“With strong compliance to OPEC’s production curbs already supporting prices, comments from the Saudi Arabian Crown Prince that suggested the production cut agreement should be extended added to gains,” ANZ bank said.

The Organization of the Petroleum Exporting Countries (OPEC) plus Russia and nine other producers have agreed to hold back about 1.8 million barrels per day (bpd) to get rid of a supply glut. The pact runs to March 2018, but Saudi Arabia and Russia, who are leading the effort, have both voiced their support to extend the agreement.

OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on Nov. 30.

While OPEC and its partners are withholding supply, U.S. production has risen almost 13 percent since mid-2016. As a result WTI is trading at a steep discount of around $6.50 per barrel against Brent, which has made U.S. crude exports to the world attractive.

Confidence in the oil market is evident in the way financial traders have positioned themselves.

Hedge funds and other money managers raised their bullish wagers on U.S. crude futures and options in the week to October 24, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

The speculator group raised its combined futures and options position in New York and London by 15,041 contracts to 280,634 during the period.

Despite this, some analysts were cautious, pointing to technical chart indicators.

“We note that both contracts’ (Brent and WTI) relative strength indices (RSI) are both approaching over-bought levels. This may imply that crude has risen enough in the short term and some consolidation is required,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Reporting by Henning Gloystein; Editing by Sonali Paul and Kenneth Maxwell
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  30/10/20172017-10-30
Word count:  162

The third edition of the Waddan ‘‘TeTe’’ Desert Rally will be held from 2-4 November, organizers confirmed.

Play
Libya herald
Speaking from Waddan, the rally’s Media Committee member Ali Omar told Libya Herald that the event will start from Waddan town centre, in the central Jufra region in Libya, about 250 km south of Sirte and 650 km south east from the capital Tripoli. The race ends about 25 km south of the desert town which has a population of around 28,000.

About 40 4-wheel drive vehicles and motorbikes will take part in the desert rally race across the sandy dunes, but another 300 vehicles and 600 hundred enthusiasts are expected to turn up, Omar added.

Omar said race participants this year were all Libyan but hoped that in the future international racers will participate. ‘‘Te Te’’ was the name of an old river in the region, Omar explained.

He stressed that accompanying the rally will be a variety of other cultural and sports events including poetry, traditional horse display, parachuting, kiting, sand dune skiing, a remote-control plane display, s-a-side football, and a dates and traditional food exhibition.
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

Business News

Business News
Released:  27/10/20172017-10-27
Word count:  56

TRIPOLI, Oct 26 (Reuters) - Libya’s National Oil Corporation (NOC) said on Thursday that it hoped the first of 11 gas wells being developed in its Bahr al-Salam offshore field would start producing by May 2018.

Play
Reuters
The development is aimed at ensuring current production levels of gas and condensates sent to the Mellitah Complex on Libya’s northern coast are sustained “for the years to come”, the NOC said in a statement.

Mellitah is a joint venture between the NOC and Italy’s Eni .

(Reporting by Aidan Lewis; Editing by Sandra Maler)  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  27/10/20172017-10-27
Word count:  349

SEOUL (Reuters) - Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts.

Play
Reuters
International benchmark Brent crude futures LCOc1 were up 10 cents, or 0.17 percent, at $59.40 a barrel at 0210 GMT. Brent is now a third above 2017 lows touched in June and at levels last seen in mid-2015.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.64 per barrel, virtually unchanged from their last close, but up by a quarter from their June 2017 low.

WTI has been weaker relative to Brent as rising U.S. output has capped prices in the United States.

“Oil raced higher overnight with Brent finishing in sight of the magical $60 a barrel mark, spurred on by Saudi remarks supporting the oil production cut through to the end of 2018,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Saudi Arabia’s Crown Prince Mohammad bin Salman told Reuters on Thursday that the kingdom would support extending the output cut in a bid to stabilise oil demand and supply.

The Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC producers including Russia have pledged to curb their production by around 1.8 million barrels per day (bpd) until the end of March to drain a global supply glut. OPEC will meet on Nov. 30 in Vienna and is expected to discuss extending that agreement.

Oil prices have hovered near their highest for this year in recent weeks amid signs of a tightening market, talk of an extension of the cuts, and geopolitical risks in Iraq and Iran.

“Prices for both Brent and WTI are now approaching important recent range tops. My rhetorical self is bullish longer term and my system is already long,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Although the rising likelihood that OPEC will extend its output cuts raises expectations for a balanced market, U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.

U.S. crude production C-OUT-EIA rose by 1.1 million bpd to 9.5 million bpd in the week ended Oct. 20, according to U.S. Energy Information Administration (EIA) data.

Reporting by Jane Chung; Additional reporting by Henning Gloystein; Editing by Sonali Paul and Tom Hogue
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  26/10/20172017-10-26
Word count:  162

TOKYO (Reuters) - U.S. oil prices extended declines on Thursday after government data showed a surprise climb in U.S. crude inventories.

Play
Reuters
NYMEX crude for December delivery CLc1 was down 2 cents at $52.16 a barrel by 0107 GMT, after ending the last session down 29 cents, or 0.6 percent.

London Brent crude for December delivery LCOc1 was down 1 cent at $58.43. It settled Wednesday up 11 cents, supported by comments from Saudi Arabia’s energy minister on Tuesday reiterating the country’s determination to end a three-year supply glut.

Brent hit an intraday high of $58.74 on Wednesday, moving back toward a 26-month peak marked in late September.

U.S. crude inventories rose by 856,000 barrels last week, U.S. Energy Information Administration data showed on Wednesday. Analysts had expected a decrease of 2.6 million barrels. [EIA/S]

Gasoline stocks fell by 5.5 million barrels, compared with expectations in a Reuters poll for a drop of 17,000 barrels, helping push up U.S. gasoline futures.

Distillate stockpiles, which include diesel and heating oil, fell by 5.2 million barrels, versus expectations for an 860,000-barrel drop, the EIA data showed.

Reporting by Osamu Tsukimori; Editing by Joseph Radford  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Business News

Business News

Mellitah Oil & Gas B. V. (Gas 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. ITT/019/MAIN/17

Upgrade of Gas Pressure Reducing Station and Metering System at Ar-Ruways Gas Station.

 

Scope of Work

The project scope is to upgrade the Gas Pressure Reducing Station and the Fiscal Metering System at Ar-Ruways Gas Station, the required work shall include the following:-

•           To carry out all  detailed Engineering works

•           Procurement and  installation of equipments 

•           Pre-commissioning and commissioning

•           Final Tests with Present of the Third Party as a witness.

•           Issuing all required certifications.

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 (Gas Division) including (E-mail, Phone No., Mobile No. etc) stating expression of interest on the respective tender.

2.         The Participating bidders must be having the necessary licenses, 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 and certificates of experience in the field of work to be implemented and any additional information that will enhance the potential of the applicant.

   

5.         The bidder should have a minimum three years of experience related to the scope of work for this Tender.

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

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

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

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

7.3   Company’s HSEQ Procedures list.

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

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

9.         In case of Joint Venture Companies / agreements;   bidder must clearly & define the expected role of each entity in this project, especially in Project management, Engineering, procurement, delivery, Installation and commissioning services.

The required Legal documents from participating companies are as follows:

Local Companies:- 

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

          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)

          All Solidarity parties should be registered in Libya.

          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 shall be submitted in sealed envelopes and marked:

TENDER NO. ITT/019/MAIN/17

 Upgrade of Gas Pressure Reducing Station and Metering System at Ar-Ruways Gas Station.

Addressed to the " Contracts Department Manager"

( Gas Division ) to the following address:

Mellitah Oil & Gas Company ( Gas Division)

Dat El-Imad Complex, Tower 1 - 4th Floor

P.O. Box 91651 Tripoli-Libya

The prequalification submission Date not later than 08/11/2017

Soft Copy can be submitted to the following email address:-

PREQ-GAS@Mellitahog.ly

 

Important Notes:

1.         The prequalification’s 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 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 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:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  25/10/20172017-10-25
Word count:  385

TOKYO (Reuters) - Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined to end a supply glut.

Play
Reuters
Brent crude LCOc1, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas Intermediate crude CLc1 was trading down 4 cents at $52.43.

Saudi Arabia’s Energy Minister Khalid al-Falih said on Wednesday the focus remained on reducing oil stocks in industrialised countries to their five-year average and raised the prospect of prolonged output restraint once an OPEC-led supply-cutting pact ends.

The Organization of the Petroleum Exporting Countries (OPEC), plus Russia and nine other producers, have cut oil output by about 1.8 million barrels per day (bpd) since January. The pact runs to March 2018, but they are considering extending it.

“OPEC is holding a line on the production cuts,” said Tony Nunan, oil risk manager at Mitsubishi Corp in Tokyo. “Even though shale (output) is now rebounding, the stocks are drawing, and now we’re heading into the winter season, so the market is strong.”

U.S. crude stocks rose by 519,000 barrels last week, industry group the American Petroleum Institute said on Tuesday. That compared with analysts’ expectations for a decline of 2.6 million barrels. [API/S] [EIA/S] Gasoline inventories fell by 5.8 million barrels, compared with analysts’ expectations for a 17,000 barrel decline. Distillate fuel stockpiles, which include diesel and heating oil, fell by 4.9 million barrels, compared with expectations for an 860,000 barrel drop, the API data showed.

Following the large drop in gasoline stockpiles, U.S. gasoline futures RBc1 rose as high as $1.7383 per gallon, the most since Sept. 26. The profit margin for gasoline over WTI RBc1-CLc1 climbed to as much as $18.60 a barrel, the highest in a month.

The U.S. Energy Information Administration will release official government inventory data later on Wednesday. The disruptions to exports from Iraq, OPEC’s second-largest producer, as Iraqi pro-government paramilitaries fight against Kurdish separatists have also provided support to oil prices.

Crude oil flows through the Iraqi Kurdistan pipeline to Turkey’s port of Ceyhan were up slightly at 300,000 bpd on Tuesday, about half the level before the Iraqi takeover of Kirkuk.

“The situation is Iraq is pushing prices up a little bit, but it’s going to be different than before because the higher the prices go, the more the shale can rebound,” Nunan said.

Reporting by Osamu Tsukimori; Editing by Joseph Radford and Christian Schmollinger  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

We have a direct provider of fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds,specifically for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.

The Leased Instruments includes: BG’s, Insurance Guarantees, MTN, (SBLC) Standby Letters of Credit and Third Party Guarantees such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

Regards Graham David John

FINANCIAL LEASING SERVICES LIMITED

Email: graham.joh@qualityservice.com

Email: gr.joh@yandex.com

PHONE: +44-7509530038

FAX: +44-7507272020

David Graham
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  24/10/20172017-10-24
Word count:  371

TOKYO (Reuters) - Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC’s second-biggest producer Iraq and a projected extended fall in U.S. commercial oil stocks.

Play
Reuters
London Brent crude for December delivery was up 5 cents at $57.42 a barrel by 0258 GMT after settling down 38 cents on Monday. U.S. crude for December delivery was up 5 cents at $51.95.

Iraqi oil exports have fallen more than 200,000 barrels per day (bpd) so far this month, as shipments from both north and south of the country declined.

“The market is currently weighing supportive materials more, such as the Kurdistan situation, the slowdown in shale-related (U.S.) rig counts and the possible extension in OPEC (output) cuts,” said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.

Crude oil exports through the Iraqi Kurdistan controlled-pipeline to the Turkish port of Ceyhan rose 13 percent to 288,000 barrels per day (bpd) on Monday afternoon, but that was still less than half normal levels due to tensions in the region, a shipping source told Reuters.

Iraq could still boost southern exports in the rest of October and plans to do so. Iraqi Oil Minister Jabar al-Luaibi said on Saturday southern exports were increasing by 200,000 bpd to make up for the northern shortfall.

U.S. Secretary of State Rex Tillerson urged the Iraqi government and the Kurdistan region on Monday to resolve their conflict over Kurdish self-determination and disputed territories through dialogue.

The drop in supplies from Iraq comes as the Organization of the Petroleum Exporting Countries, Russia and other producers are cutting output by about 1.8 million bpd until March 2018 in an effort to drain a glut and support prices.

In September OPEC and non-OPEC countries achieved the highest compliance on planned cuts since the deal kicked off in January - at a rate of 120 percent - helping reduce oil stocks further at Organisation for Economic Cooperation and Development nations, OPEC said.

Meanwhile U.S. crude inventories likely fell by 2.5 million barrels last week, while gasoline and distillate stockpiles each probably fell by at least 1.5 million barrels, a preliminary Reuters poll showed on Monday ahead of data by the Industry group the American Petroleum Institute later in the day.

The U.S. oil rig count fell seven to 736 in the week to Oct. 20, the lowest level since June, Baker Hughes data showed on Friday.

Reporting by Osamu Tsukimori; Editing by Joseph Radford and Kenneth Maxwell  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Business News

Business News

Under the slogan of ‘‘The role of businessmen and sovereign institutions in supporting e-payment solutions’’ a workshop was held in Tripoli this week on the role of e-payments.

Play
Libya herald
The workshop was co-organized by Tadawul Tech and the Assaray Trade and Investment Bank (ATIB) and sponsored by the Ministry of the Economy, the Central Bank of Libya and the General Union of Chambers of Commerce, Industry and Agriculture.

The privately-owned Tadawal, which says it provides the biggest network of e-payment solutions in Libya, was promoting its Merchant (Tajer) e-payment service card.

The organizers said that they were increasing e-payment services in the framework of ongoing development and creation of new banking products and services and in an effort to create a paradigm shift in Libya in e-payment services. Tadawul said that it aimed at completing the electronic payment loop, in partnership with the privately-owned ATIB.

Highlighting the importance of cashless e-payments services, the organizers stressed the need for Libya to switch to the use of e-payment and Tadawul’s role in creating a fully secured environment in the electronic payment cycle starting from the consumer, to the dealer, to the wholesaler and then to the bank.

At the workshop panel discussion, ideas and solutions were presented between businessmen, a trading company, the ATIB bank and the central Bank of Libya. Discussions took part on how to take advantage of the Merchant card and how it can be used by traders as an option with full efficiency and security in the bank payment cycle, providing daily consumer necessities on a 24-hour basis.

The organizers also confirmed that this service will benefit all traders and businessmen in providing secure, fast and integrated electronic payment procedures.

It will be recalled that Libya is currently going through acute economic problems, including high inflation and cost of living and a huge cash crisis. The cash crisis is caused by the state’s deficits and political insecurity which has led to merchants and businesses hoarding their money at home rather than depositing it into their banks.

The Libyan Audit Bureau and Central Bank of Libya had launch a nationwide campaign to encourage e-payment services through the use of Point of Sale Machines (POS). However, distribution/take-up of POS machines as well as debit cards has for various reasons been quite slow, with most merchants, especially smaller ones, still preferring to deal in cash.

Moreover, merchants who have installed POS machines are surcharging anything from 20-40 premium for the service. This they tell Libya Herald is the premium they themselves have to pay middlemen or corrupt bank employees in order to gain access to cash in their own bank accounts.

On the other hand, many smaller suppliers who deal only in cash still needed to be paid in cash, which meant that the e-payment loop was not complete across suppliers, merchants and consumers – thereby still creating the need for cash. Many small business and individual traders are not registered entities – operating in the black market, and therefore have or prefer not to have a bank account or debit card.

Tadawul hopes to close that loop and bypass the need for cash in Libya – which is still very much a cash-based society and with a sizeable black market sector.

The banking sector in Libya, with its 42-year Qaddafi-era centralized welfare state legacy, is quite archaic and is in need of deep reform to bring it on a level with its peers in say Tunisia or Egypt. Banking laws need total updating and the CBL’s grip on the private banking sector needs to be reviewed in order to allow the private sector to flourish and lead economic innovation and growth in the country.
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

We have direct, verified and geninue providers of Bank Guarantee (BG) and Standby Letters of Credit (SBLC) bank instrument to facilitate your projects and businesses. If you are a potential Investor or Principal looking to raise capital, we will be happy to answer any question that you have about this opportunity and to provide you with details regarding these financial services.

Our BG/SBLC Financing can help you get your project funded, by providing you with yearly renewable buy and lease bank instruments. We work directly with the providers of these instruments. Lease and Buy 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.We provide a safe, secured and quality financail services from top rated issuing banks in all our transactions ensuring we confidently reach the finish line of each transactions.

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 for more information.



Regards. Jamesolsen Terrazas Skype: cpt_young1 email: info.iqfinanceplc@gmail.com

jamesterra
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  23/10/20172017-10-23
Word count:  393

SINGAPORE (Reuters) - Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.90 at 0131 GMT, up 15 cents, or 0.26 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.13 per barrel, up 29 cents, or 0.56 percent.

“Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices,” said William O‘Loughlin, investment analyst at Rivkin Securities.

“U.S. production was also recently impacted by a hurricane for the second time in as many months and the number of U.S. drilling rigs declined for the third week in a row,” O‘Loughlin said.

The amount of U.S. oil rigs drilling for new production fell by seven to 736 in the week to Oct. 20, the lowest level since June, General Electric Co’s (GE.N) Baker Hughes energy services firm said on Friday. RIG-OL-USA-BHI

Much will depend on demand to guide prices, with the U.S. market tightening, flows from Iraq reduced due to fighting between government forces and Kurdish militant groups, and production still being withheld as part of a pact between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers to tighten the market.

In the main growth areas of Asia, consumption remains strong especially in China and India, the world’s number one and three importers.

China’s oil demand remains voracious, hitting a January to September average of 8.5 million barrels per day (bpd).

“Three main factors are driving China’s insatiable appetite for crude: declining domestic production, increased access to imports and exports for independent refiners, and building up the strategic petroleum reserve,” Britain’s Barclays bank said.

India’s fuel thirst is also increasing. India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.

The country’s September imports stood 4.2 percent above this time last year and about 19 percent more than in August, ship-tracking data from industry sources and Thomson Reuters Analytics showed.

Given the tightening oil market conditions, many analysts expect prices to rise further.

“We will see oil prices higher by 10 percent by the end of the year. We have started to accumulate strong positions within the oil sector,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

Reporting by Henning Gloystein; Editing by Kenneth Maxwell  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Oil & Gas News

Oil & Gas News
Released:  20/10/20172017-10-20
Word count:  449

SINGAPORE (Reuters) - Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets.

Play
Reuters
Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.45 at 0639 GMT, up 22 cents, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.54 per barrel, up 25 cents, or 0.5 percent. The higher prices came after a more than 1 percent fall in prices the previous day.

This was put down to profit-taking following four days of straight gains, but also to a sudden market slump which spooked traders after the veteran but outgoing governor of China’s central bank warned of a “Minsky moment”, a reference to excessive optimism about economic growth fueled by vast debt and speculative investment.

“I think he is trying to warn people that we can’t keep running...at that rate because it implies an ongoing increase in China’s debt-to-GDP ratio and sooner or later that must slow down,” said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

TIGHTENING MARKET

Much of that concern had dissipated by Friday, however, and analysts said there were indicators of a tightening oil supply and demand fundamentals.

“Oil market has moved into modest under-supply and we expect this will persist at least through the end of the year,” U.S. investment bank Jefferies said.

U.S. commercial crude oil stocks have dropped 15 percent from their March records, to 456.5 million barrels, below levels seen last year. C-STK-T-EIA

Part of this drawdown has been due to rising exports as a result of the steep discount of WTI crude to Brent, which makes it attractive for American producers to export their oil. CL-LCO1=R

Additionally, crude futures price curves are in backwardation, which makes it attractive to sell produced oil immediately rather than store it for later dispatch.

RBC Capital Markets said, “a strong indicator that global inventories are being run down will be when the market starts relying on U.S. exports to fill deficits.”

That moment may have arrived.

Shipping data in Thomson Reuters Eikon shows that overseas U.S. crude oil shipments have soared from virtually zero before the government loosened export restrictions in late 2015 to around 2.6 million barrels per day (bpd) in October.

“Physical bottlenecks are unlikely to kick in until waterborne (U.S.) exports approach 3.2 million bpd,” RBC Capital Markets said.

Exports have been boosted since a production cut led by the Organization of the Petroleum Exporting Countries (OPEC) has been in place since January this year, and which OPEC wants to expend beyond its current expiry date at the end of March 2018.

“Our expectation is that OPEC (and partners including Russia) will extend production cuts through the end of 2018,” Jefferies bank said.

Reporting by Henning Gloystein and Vidya Ranganathan; Editing by Kenneth Maxwell  
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago

Business News

Business News
Released:  20/10/20172017-10-20
Word count:  105

The Beida-based Central Bank of Libya is understood to have taken delivery today of a consignment of brand-new one dinar coins minted for it in Russia. This is the first time the modern dinar has been issued as a coin.

Play
Libya herald
The majority of one dinar bank notes in circulation in the east of the country is now dirty and tattered and often stuck together with transparent tape.

The eastern CBL has not said how many of the new coins have been sent from Moscow, which since May 2016 has been supplying it with a total of LD 4 billion of new banknotes. The “Russian ” dinars are of a different design from the main Libyan banknotes and have not included any one dinar bills.

The CBL in Tripoli, after first rejecting these notes, later relented. It is not yet clear how they will react to the new coin.
Comments:

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

SIVAJOTHI GNANATHEEVAM
2 weeks ago

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact...bgsblc.syed@gmail.com Skype....bgsblc.syed

syed serajul
3 weeks ago
Find out what contracts are on offer in Libya
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