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Wintershall to immediately Resume Oil Production in Libya, Adds 160,000bpd
Libyan National Oil Corporation has announced that it reached an agreement with Wintershall of Germany on immediately resuming oil production that will increase output to a million barrel per day by end of next month.

EU Extends EUBAM Mission in Libya, Approves €17M Budget
The Council of the European Union has extended the mandate of the planning mission EUBAM Libya until 21 August 2017. It also approved its budget of €17 million.

Production at Sarir Oilfield Suspended Due to Blockade at Hariga Terminal in Libya
A protest over wages that has shut the eastern Libyan oil terminal of Hariga has forced the operator of the Sarir oil field to suspend production of 100,000 barrels per day.

Libyan National Oil Corporation Leaders Agree to Unify Sector
In a positive development, NOC’s top officials have agreed on unifying the major corporation management and put an end to the rivalry over who has the legal right to export Libyan oil. Observers believe the agreement could have other positive political and economic developments in the country.

LIA to Hold Libya Trade and Investment Forum in London in October 2016
The Libyan Investment Authority to hold a forum on trade and investment in October this year aiming at matching international investors and businesses with opportunities in Libya, and to discuss potential co-investment opportunities with the private sector on key infrastructure and business projects in Libya.

Libya Exports 1.5 Million Barrels of Oil from Hariga Oil Port
Libyan oil exports have picked up some esteem as two tankers on Wednesday left the eastern oil port of Al-Hariga in Tobruk carrying 1.5 million barrels of oil for the large world market.

Oil Protests Cost Libya $30 Billion in Lost Revenues, Central Bank
Libya has lost $30 billion in revenues as a result of ten months of protest at oilfields and terminal closures. Oil income stands at one billion Dollar a month now comparing to four to five billions per month before.

NOC Chairman: Higher Production Output and Safety are Highest Priorities of Libya Oil Officials
Based on the security challenges that the Libyan Government is dealing with, resuming production whilst ensuring human resources safety are areas of utmost priority for the officials at the Libyan National Oil Corporation, its chairman says.

Excellent Libyan-Austrian economic relationship
Libya is recognized as an important Austrian trading partner. Preliminary trade figures for Libyan-Austrian trade in 2013 identify Libya as Austria’s 48th most important trading partner in the world, and more outstandingly 3rd in Africa.

Poor financial resources hold back innovative SMEs in Libya
Libya’s economy is being held back by a lack of funds for small and medium-sized enterprises (SMEs) according to a new study by Nottingham Trent University.

Libya to Start Developing Oil Regions, Cities
A long awaited and needed move to develop the regions and cities where oil and gas is produced in Libya is said to start soon and practical steps worth billions of dollars have been taken.

International Libya Conference in Istanbul in February
A Maltese entrepreneur, John C. Grech, who is chairman of FIMBank Group in Malta, is to chair the Libya Trade & Infrastructure Finance Conference organised by the UK-based event and publishing house Exporta which is due to take place in Istanbul, Turkey on February 6.

Libya Oil Minister Says Current Production Over 650,000 BPD, A Big Jump in Months
Libyan oil production has reached over 650,000 bpd on Tuesday and NOC chairman expects oil production will reach its normal level of over 1.5 million barrel per day in a few weeks.

KPMG to Launch New Member Firm in Libya as of the New Year
As of January 1, KPMG, which has been operating in the Libyan market for the past seven years through a local representative firm, is launching its new member firm in Libya. KPMG has long intended to upgrade its presence in Libya to a full-service member firm.

USLBA Applauds Signing of US-Libya Trade Agreement
The US-Libya Business Association (USLBA) has welcomed the signing of a bilateral Trade and Investment Framework Agreement (TIFA), which calls for the creation of the US-Libya Council on Trade and Investment (The Council).

The Bifocal: a new column in The Tripoli Post
  More Stories  
  EU Extends EUBAM Mission in Libya, Approves €17M Budget  
  Production at Sarir Oilfield Suspended Due to Blockade at Hariga Terminal in Libya  
  Libyan National Oil Corporation Leaders Agree to Unify Sector  
  LIA to Hold Libya Trade and Investment Forum in London in October 2016  
  Libya Exports 1.5 Million Barrels of Oil from Hariga Oil Port  
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More Featured Articles
Wintershall to immediately Resume Oil Production in Libya, Adds 160,000bpd
Libyan National Oil Corporation has announced that it reached an agreement with Wintershall of Germany on immediately resuming oil production that will increase output to a million barrel per day by end of next month.

EU Extends EUBAM Mission in Libya, Approves €17M Budget
The Council of the European Union has extended the mandate of the planning mission EUBAM Libya until 21 August 2017. It also approved its budget of €17 million.

 

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