 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
|
|||||||||||||
|
|
||||||||||||
|
|||||||||||||
|
 Home MEC Projects Due Diligence Newsletters
Links Publications AFF Energy Access AIM GPF WEG Ambassadorial Service Photo Gallery Analytical Group Contact Spanish welcome |
|
Libya Business Review: April 2008 April 2008 Libya Business review Libya Business Update Monitoring the latest news
25th April 2008 Dear Reader,
I am pleased to attach the latest monthly Libyan Business Review. The Libyan Business Review provides a concise monthly review of major developments so that you are able to identify potential opportunities.
This month lays the focus on different deals between Libya and Russia. Russia wrote off $ 4.5 bill of Libya’s cold war debt. Furthermore the world’s largest producer of natural gas Gazprom and the Eni of Italy are preparing to pipe gas from Libya to Southern Europe.
If you would like to learn more about this newsletter or forthcoming events, or perhaps would like to suggest an event or article for inclusion in the next edition, please do not hesitate to contact me at inquiries@meconsult.co.uk
Kind regards,
Anke Seger, Editor. MEC International Ltd. Tel: 020 7591 4816, Fax: 020 7591 4801 Email: admin@meconsult.co.uk www.meconsult.co.uk
A R T I C L E S Fault stops oil production off Libyan coast(April 24, 2008)Production has been suspended at an oil platform run by energy firm Total off the Libyan coast after a mechanical fault occurred on Thursday, the Libyan National Oil Corporation (NOC) said.
Merger mania spreads to Libya(April 24, 2008)
Libya’s two state-owned carriers, Afriqiyah Airways and Libyan Airlines, are to be merged and privatised as part of a government initiative to shake up the country’s air transport sector, following years of sanctions.
Alcatel to build $60 mln Libya WiMax network(April 23, 2008)Alcatel-Lucent will build a WiMax network in Libya costing 70 million dinars ($59.68 million) to bring wireless Internet to the north African country’s towns and cities, company officials said on Wednesday.
Russia, Libya Discuss Gas Cartel(April 22, 2008) Russian President Vladimir Putin, on one of his final foreign trips, has held talks with Libyan President Moammer Gaddafi about the idea of building an organisation of major natural gas producers. Preparing the Ground for the New Tripoli International Airport(April 20, 2008)
Al Shames Holding Company last week on Sunday evening organized a high profile business presentation at Corinthia Bab Africa hotel.
Economies Can Cope With Higher Oil Price, Libya Says(April 19, 2008)
The global economy can cope with rising crude prices, which may climb to as high as $120 a barrel in the coming week, Libya’s top oil official said.
Russia, Libya seal debt accord, plan arms deals(April 17, 2008)
Russia agreed on Thursday to write off $4.5 billion worth of Libya’s Cold War-era debt in return for military and civilian contracts between the north African country and Russian companies, officials said.
Gazprom chief says focused on upstream in Libya(April 16, 2008)
Russian gas monopoly Gazprom’s priority in Libya is exploration and production but it also wants to develop opportunities in infrastructure including pipelines, the company’s head said on Wednesday.
Russia seeking tighter economic relations with Libya(Aril 16, 2008)
President Vladimir Putin of Russia will oversee the signing of deals worth more than $10 billion on a trip to Libya that seeks to gain market share for Russian companies as the country opens to the world after years of international sanctions, the Kremlin has said.
Russia Railways says it seals Libya contract(April 16, 2008) State-controlled Russian Railways has finalised a 2 billion euro ($3.16 billion) contract with Libya to build a stretch of line from the cities of Sirte to Benghazi, the company’s head said on Wednesday. Railways head Alexander Yakunin, speaking to reporters on a visit to Libya with Russian President Vladimir Putin, said the contract would be signed on Thursday. "The document is ready for signing," he added. The venture would take four years to complete and involve Libyan subcontractors, he said without elaborating. The coastal cities are more than 500 km (310 miles) apart. (Reporting by Oleg Shchedrov; Writing by William Maclean; Editing by Brian Moss) Libya and Dubai to Set Up $3b Investment fund(April 15, 2008)
Libya and Dubai have reached an agreement to set up a $3 billion joint investment fund to finance projects in Libya and the UAE, Libyan officials said yesterday.
The officials named a $500 million joint real estate and tourism firm, a $400 million bank and water desalination plants among the projects.
Chairman of the administrative committee attends in a wide range meeting to discuss reorganizing & encouraging investment in Libya.(April 15, 2008)
Chairman of the administrative committee attends in a wide range meeting to discuss reorganizing & encouraging investment in Libya at domiciles of GPC held on Monday 14/04/2008 and led by Vice PM Eng. Embarek Alshamekh And Dr. Shokri Ghanem, and many other senior positions chairmen and directors in investment encouraging related sectors.
Sahara Bank and BNP Paribas organize first Trade Finance Conference in Libya(April 12, 2008)
The conference presents the expertise available from the two partners and provides a forum to share best practices and discuss the many opportunities now available for the Libyan corporate sector. Reflecting the growing weight of international transactions in Libya, Sahara Bank and BNP Paribas will organize additional conferences in 2008, focused on strengthening the competitiveness and profitability of Libyan companies in national and international markets.
Libya to redefine all contracts with oil companies(April 10, 2008)
The Libyan government says it will review all future contracts with oil companies in a bid to reap more benefit for the country, a senior Libyan government official "Libya is going back to renegotiate all its oil contracts," Libya’s national representative at the African Petroleum Producers’ Association, Seddigui N. Ismail said in an interview at the APPA meeting in Yaounde last week.
Gazprom and Eni prepare to join forces to pipe natural gas from Libya to Europe(April 9, 2008)
Gazprom of Russia, the world’s largest producer of natural gas, and Eni of Italy are preparing to join forces to pipe natural gas from Libya across the Mediterranean to Southern Europe. The ambitious deal would enable Russia to diversify its energy sources but also further increase Europe’s dependence on Gazprom, which is state-controlled.
Tripoli International Fair Officially Opened(April 8, 2008)
Both local and foreign investors have been urged to take advantage of the open business opportunities found in the Great Jamahiriya.
Al Ghurair Investments Signs Joint Venture Agreement with NOC, Eyes Refinery in Hambantota (March 29, 2008)
TransAsia Gas International and Star Petro Energy, subsidiaries of Dubai based Al Ghurair Investments have signed a joint venture agreement with the National Oil Corporation (NOC), Libya for the upgrading and revamping of Ras Lanuf refinery in Libya worth US$ two billion.
Lockerbie Lawyer Optimistic About U.S.-Libya Accord on Claims (March 28, 2008)
The U.S. and Libya are close to resolving compensation claims related to 1980s terrorist attacks that are blocking full relations and deterring American investment in the oil-rich nation, U.S. officials and a victims’ lawyer said.
Layas: Libya May Seek New Tamoil Partner
|
|
New Study on Sovereign Wealth Funds Available
MEC International Ltd. Granville House 132-135 Sloane Street London SW1X 9AX Tel: 020 7591 4816 Fax: 020 7591 4801 e-mail : mec(at)meconsult.co.uk |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
