Emma's Feed
Oct 5, 2011

Exclusive: Libya’s NOC seeks $6 billion in sanctions debts

LONDON (Reuters) – Libya’s top oil body is pursuing international oil firms for unpaid bills worth around $6 billion, a source in the National Oil Corporation (NOC) told Reuters this week, as it seeks to resume work after wartime paralysis.

Negotiations to recoup the unpaid money will put to the test relations between the OPEC member and its Gaddafi-era partners who are seeking to rebuild ties with the new administration.

Oct 1, 2011

Libyan Jew returns home after 44-year exile

TRIPOLI (Reuters) – In the walled old city of Tripoli, Libya’s independence flag pokes through crumbling buildings and a gang of children wielding toy pistols tear through dusty alleyways.

In these run-down streets stands the empty, faded peach-colored Dar Bishi synagogue.

Sep 29, 2011

Conoco buys Libyan oil, 1st of U.S. majors -sources

LONDON, Sept 29 (Reuters) – ConocoPhillips became
the first U.S. major to buy Libyan oil following the end of
international sanctions in a move to help the country restore
normal oil trade after seven months of civil war.

Trading sources told Reuters that tanker Hellas Warrior,
which loaded 381,000 barrels of Sarir and Mesla crude, was
bought by Conoco for delivery to France’s Mediterranean port of
Fos/Lavera, and one source said it was destined for Germany’s
MIRO refinery.

Sep 28, 2011

Libya’s Agoco plans restarts at three oilfields

LONDON (Reuters) – Benghazi-based oil firm Agoco said it planned restarts at three more Libyan oilfields in east and west Libya by mid-October, boosting output to 350,000 barrels per day (bpd).

Oil is slowly starting to flow again after seven months of fighting and, if fresh projections prove correct, may beat the expectations of analysts who think it could take three years to reach pre-war output levels.

Sep 23, 2011

Libya NTC faces credibility test at Gaddafi strongholds

TRIPOLI (Reuters) – Libya’s new government said it had tightened its grip on oasis towns which sided with Muammar Gaddafi, but faced a tough fight to take two remaining strongholds loyal to the ousted leader and bolster its credibility.

Forces of the National Transitional Council (NTC) said they controlled a string of desert towns in Libya’s deep south, although they said Gaddafi loyalists were still holding out in pockets of at least one oasis.

Sep 23, 2011

How to win business in Libya

BENGHAZI, Libya (Reuters) – In August, as rebels fought forces loyal to President Muammar Gaddafi, two representatives of a British business consortium took a “rather long and arduous ferry journey from Malta” to the North African country.

“To describe it as a ferry would be very polite,” according to an executive at a London-based global engineering company, whose interests the two men represented. “I think it was a trawler.”

Sep 23, 2011

Special Report: How to win business in Libya

BENGHAZI, Libya (Reuters) – In August, as rebels fought forces loyal to President Muammar Gaddafi, two representatives of a British business consortium took a “rather long and arduous ferry journey from Malta” to the North African country.

“To describe it as a ferry would be very polite,” according to an executive at a London-based global engineering company, whose interests the two men represented. “I think it was a trawler.”

Sep 23, 2011

Secrets of a “super-fixer” in Libya

BENGHAZI/LONDON (Reuters) – Flanked by two colleagues, a 60-something Englishman quietly worked the lobby of Benghazi’s Tibesti Hotel last week, targeting people likely to be the power brokers in a new Libya.

Approached by a Reuters reporter, the man declined to give his name or even shake hands, describing himself as “a very private person.”

Sep 22, 2011

Gaddafi’s ex-premier jailed after fleeing Libya

TRIPOLI (Reuters) – Libya’s neighbor Tunisia jailed Muammar Gaddafi’s former prime minister on Thursday, and Libya’s new rulers said they were tightening their grip on the desert towns where Gaddafi himself may be hiding.

In the highest profile detention of a Gaddafi associate to date, a Tunisian court sentenced ex-prime minister Al Baghdadi Ali al-Mahmoudi to six months in jail on charges of illegally entering the country on Wednesday evening.

Sep 21, 2011

Libya proposes ex-Eni executive for oil minister

TRIPOLI, Sept 21 (Reuters) – Libya’s interim prime minister
has proposed a former executive from Eni become
minister for oil, highlighting the Italian firm’s leading role
in an oil industry desperate for a quick restart after seven
months of war.

Abdul-Rahman Ben Yezza, who has worked in the National Oil
Corporation as well as Eni, was named by interim Prime Minister
Mahmoud Jibril as the proposed candidate for the new ministry, a
copy of Jibril’s proposal, seen by Reuters, showed.