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Archive for May 30th, 2014

Posted by admin On May - 30 - 2014 0 Comment

BY PATRICK MARKEY AND AHMED ELUMAMI TRIPOLI Thu May 29, 2014 Libya stumbled deeper into chaos on Thursday uncertain over who runs the country after rival prime ministers both claimed legitimacy in a confrontation threatening to turn into violence among rival factions. Even by Libya’s tumultuous standards, the North African oil producing state has veered closer to its most dangerous  [ Read More ]

Posted by admin On May - 30 - 2014 0 Comment

By Nigel Wilson May 29, 2014 The protracted oil dispute between federalists in eastern Libya and the central government has cost the country £10.8bn in lost oil trade. Since rebel groups seized oil ports in the east of the country in July 2013, production has plummeted from around 1.5 million barrels and is currently operating at about a fifth of  [ Read More ]

Posted by admin On May - 30 - 2014 0 Comment

By Benoit Faucon Libya hopes to offer more flexible and less punitive oil licenses next year, based on a new hydrocarbons law currently being drafted, the chairman of the country’s national oil company said Thursday. Foreign companies frequently complain that punitive contractual terms, on top of serious security issues, are a barrier to investing in Libya’s vast oil resources. NOC’s  [ Read More ]

Posted by admin On May - 30 - 2014 0 Comment

By Moutaz Ali Tripoli, 30 May 2014 The date of the elections for Libya’s new parliament has been set for 25 June after the General National Congress (GNC) approved the date proposed by the Higher National Electoral Commission (HNEC). Libyans living abroad will be able to vote on 21 or 22 June, at polling stations in 13 countries. The number  [ Read More ]