Dangote Refinery Seeks Crude from Libya and Angola Amid Nigerian Supply Issues
LAGOS, July 21 – Dangote Refinery Seeks Crude from Libya and Angola Amid Domestic Supply IssuesThank you for reading this post, don't forget to subscribe! Nigeria’s Dangote refinery is negotiating with Libya and Angola to secure crude oil for its 650,000 barrels per day (bpd) plant, aiming to overcome domestic supply challenges, a senior executive revealed. Built by Africa’s richest man, Aliko Dangote, the $20 billion refinery on the outskirts of Lagos is Africa’s largest and aims to end Nigeria’s reliance on imported fuels. “We are talking to Libya about importing crude,” said Devakumar Edwin, a senior executive at Dangote refinery. Traders and shipping data indicate that Dangote is increasing gasoil exports to West Africa, capturing market share from European refiners.
Source:Libya Today
July 21, 2024 13:36 UTC
South Korea secures major nuclear reactor deal in Europe
South Korea’s Korea Hydro & Nuclear Power Co. has been selected to build two multibillion-dollar reactors in the Czech Republic, positioning South Korea as a potential leading supplier of nuclear reactors in Europe. Cost-competitive, comprehensive packagesSouth Korea’s nuclear industry has been recognized for its cost-competitive and comprehensive package offerings, which include equipment, construction, fuel supply, commissioning, maintenance and financing. South Korea’s rise in the nuclear sector is built on decades of strategic development. Since acquiring technology from U.S.-based Combustion Engineering in 1987, South Korea has domestically built 28 reactors, with four more planned by 2040. The nation’s first international export was to the United Arab Emirates in 2009, a project that, despite delays and cost overruns, solidified South Korea’s export ambitions.
Source:Libya Today
July 21, 2024 12:35 UTC
Renovation of Sirte’s Clock Square Completed, Highlighting City’s 2024 Development Efforts
The renovation and development of Sirte’s Clock Square have been completed, marking a significant milestone in the city’s ongoing reconstruction efforts. The project, led by the National Development Agency, aims to enhance the square’s aesthetic and historical value. This renovation is part of a broader initiative commemorating Sirte’s development efforts in 2024. The revamped Clock Square now serves as a symbol of the city’s progress in infrastructure and urban development.
Source:Libya Today
July 21, 2024 11:57 UTC
Türkiye’s Erdogan blasts Greek FM, censures for undermining bilateral relations
President Recep Tayyip Erdogan Sunday criticized Greek Defense Minister Nikos Dendias’ statements on Türkiye, stating that populists like Dendias are trying to undermine relations between the two countries. The Turkish president made these statements during his visit to the Turkish Republic of Northern Cyprus (TRNC) for the 50th anniversary of the Cyprus Peace Operation. Erdogan blasts Greek ministerReferring to the striking statements of Greek Defense Minister Nikos Dendias against Türkiye, President Erdogan said, “Mr. As everyone knows very well, Türkiye carried out the Cyprus Peace Operation for peace, as the name suggests, and peace was established because of this intervention,” he added. Erdogan stated that Israel has not implemented the decisions of the Court of Justice in the past and that Western countries, especially the U.S., have supported Israel.
Source:Libya Today
July 21, 2024 09:28 UTC
Libyan Korean Economic Forum to be held in Tripoli, November 2024
The Minister of Economy and Trade, Mohamed Al-Hwej, discussed with the Ambassador of South Korea to Libya ‘‘Jang Jihak’’ last Wednesday 17 July, at the Ministry’s Tripoli headquarters, ways to enhance cooperation. The meeting discussed the development of a mechanism for organizing a Libyan Korean economic forum in the capital, Tripoli, in November 2024, with the effective participation of major Korean companies, investors, and business owners in both countries under the supervision of the Ministry of Economy and Trade.It also included discussing the raising the level of trade and investment between the two countries, and opening prospects for developing bilateral relations in all fields. The Minister stressed the importance of activating the agreements and memoranda of understanding concluded between the two countries, strengthening the role of the private sector, facilitating the movement of business owners between the two sides, activating the investment partnership and working to solve the obstacles facing them. The meeting also reviewed the possibility of cooperation in the field of training to develop the performance of economic institutions in Libya, especially corporate governance, e-commerce, management of economic zones and free zones.For his part, the Ministry reported, Ambassador Zhang Jihak stressed his country’s desire to cooperate with the Libya and provide technical and advisory support in the fields of economy, trade, investment and development.Ministry of Oil and Gas denounces Egypt’s signing of agreement with South Korea to export Libyan oil without its knowledge (libyaherald.com)Minister of Labour opens new training departments at the Libyan Korean Vocational Training Centre (libyaherald.com)National Project for Rehabilitation and Reintegration signs agreement with Libyan Korean Training Centre on training (libyaherald.com)South Korea embassy to start processing visas from Tripoli ‘‘soon’’ (libyaherald.com)South Korea pledges $ 400,000 to Libyan Korean Centre’s vocational training (libyaherald.com)Libya to set up mechanism to facilitate return of contracted Korean companies (libyaherald.com)
Source:Libya Today
July 21, 2024 09:01 UTC
Department of State’s 2024 Investment Climate Statements: Libya has a difficult investment environment
The ICS revealed that Libya, despite the high potential for domestic and foreign investment in Libya due to its reconstruction needs, unmet consumer demand, and rich natural resources, the country still faces a difficult investment environment. Libya holds Africa’s largest (and the world’s ninth largest) proven oil reservesLibya holds Africa’s largest (and the world’s ninth largest) proven oil reserves and Africa’s fifth largest gas reserves. For instance, a group of southern protestors closed Sharara oil field, Libya’s largest, in January 2024. NOCThe National Oil Corporation (NOC), an independent, apolitical institution, continues to lay the groundwork for the long-term development and stabilization of the energy sector. Libya’s Investment Law of 2010Libya’s Investment Law of 2010 is the main legal framework for promoting foreign direct investment (FDI).
Source:Libya Today
July 21, 2024 08:11 UTC
Libya Is Surging The Tourism Industry With New Visa Free Travel Policy For 8 countries, Including Egypt, Morocco and Turkey
Libya Is Surging The Tourism Industry With New Visa Free Travel Policy For 8 countries, Including Egypt, Morocco and TurkeyReading Time: 5 minutesLibya, a land of ancient history and rich cultural heritage, is now more accessible to international tourists with its new visa-free entry policy. The countries benefiting from this visa-free policy are Algeria, Egypt, Jordan, Mauritania, Morocco, Syria, Tunisia, and Turkey. Rixos Al Nasr Tripoli: Offers upscale accommodations with various dining options, a spa, and extensive conference facilities. Benina International Airport (BENLocation: BenghaziFeatures: Second largest airport, key hub for domestic and international flights, newly renovated terminal. For those seeking a truly unique and unforgettable travel experience, Libya offers a compelling blend of history, culture, and natural beauty that sets it apart from more mainstream destinations.
Source:Libya Today
July 21, 2024 08:08 UTC
Libya: July Update
July 21, 2024: Turkey continues to maintain military forces in Libya and expects that its troops and mercenaries will remain in Libya as long as it takes to gain their planned economic and political cooperation from Libyans. It has been around since 2015, when it was formed in eastern Libya and proceeded to eliminate rivals, especially Islamic radical groups, throughout the country. Egypt, for the first time in centuries, finds hostile Turkish troops next door and is not pleased. The only obstacle is the Turkish forces that refuse to leave Libya. Turkey is looking out for Turkish economic interests and knows it is blocking efforts to hold national elections in Libya.
Source:Libya Today
July 21, 2024 05:59 UTC
Libya one of leading countries that supported Türkiye’s Peace Operation in Northern Cyprus: Ex-envoy
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Source:Libya Today
July 20, 2024 21:24 UTC
Fossil fuel extraction compatible with Paris Agreement, says Azerbaijan
Azerbaijan, the host of 2024’s global climate talks, suggested that continued fossil fuel extraction aligns with the goals of the Paris Agreement. New climate initiativesThe initiatives, which countries are encouraged to sign at the summit, include a range of climate action schemes. Voluntary contributions from fossil fuel-producing countries and companies, with Azerbaijan as a founding contributor will finance the fund. “To be 1.5 degrees Celsius-aligned is the goal,” Soltanov stated, emphasizing the need to differentiate between 1.5C alignment and hydrocarbon views. There is much to do.”COP29 in Baku is set to be a critical event as the world grapples with the balance between fossil fuel use and achieving climate goals.
Source:Libya Today
July 20, 2024 12:35 UTC
Turkish forces eliminate 19 PKK/YPG terrorists in Iraq, Syria
Turkish forces have neutralized 15 PKK terrorists in northern Iraq’s Hakurk and Asos regions, and four PKK/YPG terrorists in Syria’s Euphrates Shield and Peace Spring regions, said the Ministry of National Defense on Saturday. “In honor of those fallen, our nation and our homeland, we continue our relentless fight against terrorism. Our brave Turkish Armed Forces have eliminated 15 PKK terrorists in Hakurk and Asos and four PKK/YPG terrorists in the Euphrates Shield and Peace Spring regions,” the ministry affirmed its ongoing commitment to combating terrorism. “We remain dedicated to proactive and uninterrupted operations to eradicate terrorism at its source,” the statement added. The YPG is considered an extension of the PKK in Syria.
Source:Libya Today
July 20, 2024 10:42 UTC
Türkiye’s Tosyali to build world’s largest iron, steel plant in Libya’s Benghazi
Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB) signed a joint agreement in Istanbul to invest in an iron and steel factory in Benghazi. This deal, between Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB), includes direct reduced iron (DRI) and hot cast iron (HBI) plants. The agreement, structured under the Libyan Investment Law, establishes a joint venture dedicated to the iron and steel industry. Largest iron, steel production plant globallyThis strategic partnership is set to become one of Libya’s largest industrial projects. With a production capacity of 8.1 million tons per year, it will be the world’s largest iron and steel production plant.
Source:Libya Today
July 20, 2024 10:36 UTC
Saipem Wins Contract to Manage the Libya-Italy Undersea Gas Pipeline
Saipem Wins Contract to Manage the Libya-Italy Undersea Gas PipelineSaipem has been awarded a contract to ensure the supervision and the subsea intervention services of the GreenStream pipeline throughout the offshore and onshore sections at the Mellitah (Libya) and Gela (Sicily, Italy) terminals. The new contract, awarded by GreenStream BV, one of the leading midstream players in the Mediterranean Sea, merges the activities that Saipem has been undertaking for GreenStream since 2008 as to asset integrity, inspection, maintenance and emergency pipeline services, and expands them to cover a wider range of scenarios and customer’s needs. The activities will be managed by Sonsub, Saipem’s center of excellence for robotics, underwater technologies and services, and executed in coordination with the Saipem Engineering Hub located in Fano, Italy. Specifically, repair interventions in case of damage will be performed via the SiRCoS technology, a remotely operated repair system industrialized by Sonsub and qualified to operate in water depths of up to 2,200 meters. It also consolidates the long-term cooperation between Saipem and GreenStream BV, which in 2002 awarded the company a contract for the pipelaying of said pipeline, a project thanks to which Saipem achieved the record for the deepest pipelaying with anchors.
Source:Libya Today
July 20, 2024 05:13 UTC
Martha Kearney signs off last BBC Radio 4 Today show after six years at the helm
Oscar-winning actress Cate Blanchett will be her first guest on the show, which will celebrate nature and the power of the natural world. Kearney said: “After more than four decades in the news jungle, I’m escaping to the wild world of nature programmes. She will also begin presenting episodes of BBC Radio 4’s Open Country this spring. She has also won multiple awards including the The Television and Radio Industries Club (Tric) awards radio presenter of the year. This Natural Life is a BBC Audio Bristol production for BBC Radio 4 and BBC Sounds.
Source:Libya Today
July 19, 2024 23:01 UTC
Libya Weather Forecast, Friday, July 19, 2024
The weather bulletin about expected weather conditions in Libya, for Friday, 19 July 2024 as follows:1. - Wind: Moderate to active northwesterly speed. Al-Jufra - Sabha - Ghat - Ghadames – Hamada (South West of Libya):- Sky condition: Clear. - Wind: Moderate northeasterly to easterly speed. The Oases - Sarir - Tazirbo – Kufra (South East of Libya):- Sky condition: Clear.
Source:Libya Today
July 19, 2024 18:25 UTC