Serraj in cooperation talks with Omani government and businessmen

View Videos sort by date sort by channel
Page

Oil & Gas News

Oil & Gas News
Released:  09/11/20172017-11-09
Word count:  442

SINGAPORE (Reuters) - Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.

Play
Reuters
However, traders said a price rally that has pushed up Brent crude by over 40 percent since July may have run its course due to increases in U.S. supplies and some indicators of a demand slowdown.

Brent futures LCOc1 were at $63.58 per barrel at 0516 GMT, up 9 cents, or 0.1 percent, from their last close, but over $1 off the more than two-year high of $64.65 reached earlier this week.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.87 per barrel, up 6 cents, or 0.1 percent, but also some way off this week’s more than two-year high of $57.69 a barrel.

Key support was coming from efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold supplies in order to tighten the market and prop up prices.

OPEC will discuss output policy during a meeting on Nov. 30, and it is expected the group will extend the current cuts beyond their expiry in March 2018.

“With the OPEC/non-OPEC deal extension beyond March 2018 a certainty, prices may become stronger and temporarily reach the $65-$70 per barrel range in 2018,” said energy consultancy FGE.

Despite this, many analysts say the strong price rally of the past months has likely run its course, at least for now.

U.S. crude stockpiles C-STK-T-EIA rose 2.2 million barrels in the week to Nov. 3, to 457.14 million barrels, the Energy Information Administration said on Wednesday, contrary to analysts’ expectations for a decrease of 2.9 million barrels.

U.S. crude production C-OUT-T-EIA inched up 67,000 barrels per day (bpd) to 9.62 million bpd, the highest on record.

And output is set to rise further. Texas issued 997 oil and gas drilling permits last month, up nearly 17 percent versus the same month a year ago, the state’s energy regulator said on Wednesday.

On the demand side, global oil demand remains strong, although the latest figures from top importer China came in below expectations.

“At 7.34 million bpd, China crude oil imports dipped to the lowest level since October last year... The trend could continue for the rest of the year,” Barclays bank said, although it added that it expected demand growth to pick up again in 2018.

Key for the last weeks of the year is whether traders remain confident about their huge bets on further price rises, or whether they sell out of these positions, satisfied with recent strong gains.

“It doesn’t matter how bullish the fundamentals are ... when an asset goes vertical there is always room for a pullback and consolidation of recent price moves. That’s where oil prices find themselves this morning,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.

Reporting by Henning Gloystein; Editing by Richard Pullin and Christian Schmollinger  
Comments:

Business News

Business News
Released:  09/11/20172017-11-09
Word count:  111

Libya-based Bank of Commerce and Development (BCD) has signed for Finastra’s front-end software to launch a new online and mobile banking platform.

Play
Bankingtech
Finastra (formerly Misys) will provide its Fusionbanking Essence Digital Channels and Teller solutions to BCD. They will integrate with the bank’s core banking system, Equation, which is also supplied by Finastra.

The two parties are long-standing partners – BCD has been using the Equation core and the Trade Innovation trade finance system for many years.

The bank will also roll out Fusionbanking Essence Islamic to support its foray into Shari’ah-compliant finance.

Wissam Khoury, managing director MEA at Finastra, observes “there is a pressing demand for Islamic finance products and services in Libya, in line with the direction the local authorities are taking to fully support Shari’ah standards and principles”.
Comments:

Business News

Business News

Plans dating back to 2013 to boost the water supply in Tobruk with the installation of a fourth evaporator at the town’s desalination plant are back on track with the Beida-based interim government of Abdullah Thinni approving a LD 29-million letter of credit (L/C) for international water technology company VA Tech Wabag.

Play
Libya herald
The contract for a fourth evaporator was given in 2013, but the political crisis prevented it from being implemented.

According to CEO of the Austrian branch of Wabag, Mahmut Gedek, the fourth evaporator will have nothing to do with the existing plant which was built by France’s SIDEM between 1997 and 2000. It has seen a significant reduction in output because of maintenance problems since the revolution. The new evaporator, with a production capacity of 13,333 cubic metres of water a day, will have its own new seawater intake.

Once the L/C is issued, Wabag says that the work should take no more than 18 months. “We have the designs and the engineering stage is completed,” he said, explaining that it was now a matter of purchasing the equipment, installing it and bringing it on-stream.

The cost of the project, at almost LD 29 million, was set at a fixed rate of some €17 million.

“We are committed to the Libyan market,” added Gedek who stressed that, despite the situation, business continued.

“We have on-going projects in the country and have a local network and the organisation to build other projects,” he said. Among those on the books the just completed industrial water plant for Tripoli West power station.

Other Libya contracts include a demineralisation plant for the power plant at Tobruk as well as an electrochlorination-plant for Tobruk and another for Derna power station. At the latter, commissioning works are ongoing and should be completed by end of the year, Wabag noted.
Comments:

Oil & Gas News

Oil & Gas News
Released:  08/11/20172017-11-08
Word count:  412

SINGAPORE (Reuters) - Oil markets dipped on Wednesday as Chinese crude imports fell to their lowest level in a year, although traders said that overall markets remained well supported largely due to OPEC-lead supply cuts.

Play
Reuters
Traders said the market was eyeing growing tensions in the Middle East with concern, keeping a cautious tone on trade.

Brent futures LCOc1, the international benchmark for oil prices, were at $63.55 per barrel at 0434 GMT, down 14 cents, or 0.2 percent, but still not far off a near two-and-a-half year high of $64.65 a barrel reached earlier this week.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.99 per barrel, down 21 cents, or 0.4 percent, from their last settlement, but also still not far off the $57.69 a barrel reached earlier this week - the highest since July 2015.

China’s October oil imports fell sharply from a near record-high of about 9 million barrels per day (bpd) in September to just 7.3 million bpd in October, data from the General Administration of Customs showed on Wednesday. That’s their lowest level since October 2016.

Despite this, oil markets remain well supported, traders said.

This is largely due to an ongoing effort lead by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold supplies in order to prop up prices.

With crude still more than 40 percent up since June, oil-consuming industries that benefited from comparatively low prices are now starting to feel the pinch.

“2016 was a record year for profits,” said Brian Prentice, partner at aviation services firm Cavok.

“Unfortunately, I think the record is behind us. Much of the profits were driven by very low oil prices that we experienced the entire year,” said Prentice. “And while fuel prices are still low, (Brent) oil is back up to $60 a barrel and I think it is going to put downward pressure on airline profits and margins in the coming years.”

Beyond supply and demand fundamentals, traders were closely eyeing escalating tensions in the Middle East.

“Lebanese Prime Minister Saad Hariri’s resignation and a missile launch by pro-Iran Yemeni Houthis on Riyadh increase the risk of a regional conflict,” political risk consultancy Eurasia Group said.

The resignation on Saturday of the Saudi-allied Lebanese prime minister Saad al-Hariri, announced from Riyadh and blamed on Iran and Hezbollah, is seen by many as the first step in an unprecedented Saudi intervention in Lebanese politics.

Saudi air defence forces intercepted a ballistic missile fired towards Riyadh on Sunday. Saudi Arabia accuses arch-foe Iran of supplying missiles and other weapons to Houthi militia in Yemen. Iran denies the charges and blames the war in Yemen on Riyadh.

Reporting by Henning Gloystein and Jamie Freed; Editing by Richard Pullin and Kenneth Maxwell
Comments:

Business News

Business News
Released:  07/11/20172017-11-07
Word count:  207

The Central Bank of Egypt (CBE) says that it repaid $250 million of the controversial five-year $2-billion interest-free loan given by Libya to Egypt in March 2013. The repayment was made on Wednesday.

Play
Libya Herald
According to CBE deputy governor Rami Abul-Naga, its brings to $1.5 billion the total repayments paid on the loan. There would be two further payments totalling $500 million made next year to complete the repayment, he added. He did not say, however, if the payment was made to the Central Bank of Libya in Tripoli or to the parallel institution in Benghazi.

The loan was controversial when it was announced. It was made by Ali Zeidan to Egypt’s Muslim Brotherhood (MB) government headed by the the subsequently overthrown president, Mohamed Morsi, and was seen as having been engineered by the MB in Libya acting in the interests of the movement in Egypt.

In what was seen as a move to counter the criticism, Zeidan himself said at the time that the $2 billion was “not a loan but an investment”, while Central Bank of Libya governor Sadek Elkaber described it as “ a deposit”.

Through its MB connections, the Morsi government also secured a $1-billion loan from Turkey a few months earlier. There was also $3 billion in loans and deposits from Qatar. According to the CBE, it also paid off the last $200 million on the Turkish loan this week. The Qatar funds are reported to have been fully paid back.  
Comments:

Oil & Gas News

Oil & Gas News
Released:  07/11/20172017-11-07
Word count:  417

TOKYO (Reuters) - Oil prices largely held on to gains on Tuesday after posting the biggest rise in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and rising tensions between the kingdom and Iran.

Play
Reuters
U.S. West Texas Intermediate (WTI) crude CLc1 was down just 4 cents at $57.31 a barrel by 0607 GMT. The contract surged 3 percent on Monday, the biggest percentage gain since late September.

Brent crude futures LCOc1 were down 5 cents at $64.22. On Monday, they closed 3.5 percent higher, also their biggest percentage gain in about six weeks. Both benchmarks hit their highest since mid-2015 during the session.

Saudi Crown Prince Mohammed bin Salman moved to shore up his power base with the arrest of royals, ministers and investors, including billionaire Alwaleed bin Talal and the powerful head of the National Guard, Prince Miteb bin Abdullah.

The arrests, which an official described as part of “phase one” of the crackdown, are the latest in a series of dramatic steps by Prince Mohammed to tighten his grip at home.

Tensions between Saudi Arabia and Iran also rose further. The Saudi Arabia-led military coalition fighting against the Houthi movement in Yemen said on Monday it was closing all Yemeni air, sea and land crossings.

The move came after a missile was fired toward Riyadh on Saturday. Saudi Arabia and its Gulf allies have said they see Iran as responsible for the Yemen conflict and, on Monday Saudi Foreign Minister Adel al-Jubeir said his country reserves the right to respond to Iran’s “hostile actions”.

Iranian Foreign Minister Mohammad Javad Zarif said Saudi Arabia was blaming Tehran for the consequences of its own “wars of aggression”. “A potential conflict could limit significant supply out of the region,” Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers, said in an email. “We see WTI above $60 and may even see Brent above $70 by the end of the year.”

Despite the moves by the Saudi heir, analysts said they do not see Saudi Arabia, the world’s largest oil exporter, changing its policy of boosting crude prices for now.

Saudi Energy Minister Khalid al-Falih said that while there is “satisfaction” with a production-cutting deal between the Organization of the Petroleum Exporting Countries and other producers led by Russia, the “job is not done yet.”

OPEC is expected to extend a cut of around 1.8 million barrels per day into the whole of 2018.

U.S. drillers cut eight oil rigs last week, the biggest reduction since May 2016, helping to support prices. While supplies are tightening, analysts said demand remains strong.

Speculators increased their bets on gains in the price of Brent to a record high.

Additional reporting by Jane Chung in SEOUL; Editing by Kenneth Maxwell and Richard Pullin
Comments:

Oil & Gas News

Oil & Gas News
Released:  06/11/20172017-11-06
Word count:  412

SINGAPORE (Reuters) - Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.

Play
Reuters
Brent futures LCOc1, the international benchmark for oil prices, hit $62.44 per barrel early on Monday, their highest level since July 2015. Brent was at $62.27 per barrel at 0230 GMT, up 20 cents, or 0.3 percent from the last close and 40 percent above June’s 2017 lows.

U.S. West Texas Intermediate (WTI) crude CLc1 hit $56.00 per barrel in early trading, also the highest since July 2015, and was at $55.79, up 15 cents, or 0.3 percent from the last settlement. WTI is a third above its 2017 lows. (bit.ly/2j3AahN)

Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah.

RBC Capital Markets said in a note that although the “purge represents a stunning political development in Saudi Arabia,” it expected “no immediate changes” in the oil policy of Saudi Arabia, which is the world’s biggest exporter of crude oil.

“MBS seems strongly committed to anchoring the OPEC agreement deep into 2018 and moving ahead with the Aramco sale,” RBC said.

Bin Salman’s reforms include a plan to list parts of giant state-owned oil company Saudi Aramco next year, and a higher oil prices is seen as beneficial for the market capitalisation of the future listed company.

In oil fundamentals, traders said that there were ongoing signs of tightening market conditions.

U.S. energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016.

The decline in U.S. drilling activity comes as the Organization of the Petroleum Exporting Countries (OPEC) and a non-OPEC group lead by Russia have pledged to hold back about 1.8 million barrels per day (bpd) in oil production to tighten markets.

The pact to withhold supplies runs to March 2018, but there is growing consensus to extend the deal. While supplies are tightening, analysts say demand remains strong.

“Synchronous global economic growth and new supply disruptions are creating the most constructive oil price environment since ... 2014,” Barclays bank said.

The British bank said it was raising its average Q4 Brent price forecast by $6 per barrel to $60 per barrel. ”The surprisingly strong macro backdrop and the accelerated inventory drawdown mean that these slightly higher price levels are likely to be sustained through Q1 of next year.

Barclays said it raised its full-year 2018 forecast by $3 per barrel to $55 per barrel. (bit.ly/2h8UbPZ)

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
2 weeks ago

Business News

Business News
Released:  06/11/20172017-11-06
Word count:  187

The British have said that they are reopening an embassy in Tripoli after quitting Libya along with most other foreign diplomats in the violence that followed the Libya Dawn takeover of the capital in 2014.

Play
Libya herald
No timing nor other details have so far been given. When the British pulled out in 2014 and relocated their envoys to Tunis, they had been operating the embassy out of Tripoli Towers.

The chancellory and ambassador’s residence had formerly been in Zawiyat Al-Dahmani. This building was attacked and burnt out in a May 2011 attack following a NATO airstrike aimed at Qaddafi. By that time, British diplomats had been withdrawn from the country.

This August, British foreign secretary Boris Johnson, on his second visit to Libya joined UK ambassador Peter Millett in hoisting the British flag at the building.

Diplomatic sources suggest however that UK envoys will be returning to neither of these locations but give no clue as to where the British mission will be located.

The UK will follow the Italians and the Turks in returning to the capital. The Dutch have also indicated that they intend to reopen their embassy. UNSMIL has already moved back. There are reports that the EU Integrated Border Assistance Mission (EUBAM) is also planning to return, though not to its former headquarters in the old Peacock Hotel in Tajourah.
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
2 weeks ago

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.

Play
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
2 weeks 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
2 weeks 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:

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/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
2 weeks 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
2 weeks 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
3 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
3 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
3 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
3 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
3 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
3 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
3 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
3 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
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
Share the link for
Page
  • 1
  • ...
Page
  • 1
  • ...
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...