Latest Libya Stories

Text of report by state-owned Libyan TV on 26 August [Newsreader] Sources from the Libyan civil aviation authorities said that primary information about the Sudanese hijacked plane which landed this evening at the Al-Kufrah airport to the south- east of Libya indicate that the plane had originally taken off from the Sudanese Niyala airport with 95 passengers on board. The sources told the Al-Jamahiriya News Agency's (Jana) correspondent that the Sudanese civil aviation authorities indicated...

Excerpt from report by state-owned Libyan TV on 14 August The Great Jamahiriyah and the United States of America this afternoon in Tripoli signed an agreement regarding the settlement of legal proceedings and civil actions from both sides for past damages. The agreement was signed from the Libyan side by secretary of the two Americas affairs at the General People's Committee for Foreign Liaison and International Cooperation, and from the American side US Assistant Secretary of State David...

Libyan Leader Mu'ammar al-Qadhafi yesterday, Wednesday 13 August 08, received US Assistant Secretary of State David Welch who delivered a written message from US President George Bush, Libyan TV reported at 1230 gmt on 14 August 08. In the message, Bush is said to have praised the level of bilateral relations, as well as Qadhafi's peace efforts, particularly in Africa, Darfur, and efforts to bring the Sudanese- Chadian ties back to normal, Libyan TV said. Foreign media today reported that...

Excerpt from report by Portuguese newspaper Diario de Noticias website on 7 August Galp [Portuguese oil and gas company] is going ahead with the exploration and production of oil and gas in Libya. The board of directors yesterday approved the setting up of a joint company with Lap-Libya Africa Investment Portfolio, for the exploration of oil and gas in that country, Galp sources told Diario de Noticias. Galp and Lap Libya will hold equal 45 per cent shares of the capital while Lap...

MOSCOW _ It was a surprise the like of which we have not seen since the exchange of dissidents for spies in the Soviet era. Arriving in Moscow for talks with Vladimir Putin on July 31, Libyan Prime Minister al-Baghdadi Ali al-Mahmoudi brought on his plane Alexander Tsygankov, the head of LUKoil Overseas in Libya, who had been imprisoned 8 months ago in that country on charges of industrial espionage. What makes it more remarkable is that Prime Minister Putin had tried to clear up this...

The prime minister of Libya, on a visit to Moscow, said his country plans to buy arms from Russia. The minister, al-Baghdadi Ali al-Mahmoudi, met Thursday with his Russian counterpart, former President Vladimir Putin, the Novosti News Agency reported. We are committed to continuing cooperation in the military-technical sphere, among others, especially since the Libyan leadership has confirmed its interest in buying quality products from the Russian defense industry, Putin said. Putin and...

MOSCOW. July 30 (Interfax) - Russian Railways (RZD) (RTS: RZHD) is ready to start implementing its $2.2 billion contract in Libya, while Gazprom (RTS: GAZP) and Tatneft (RTS: TATN) have already launched their operations at oil and gas fields in this country, a source in the Russian government told Interfax. "RZD is getting ready to begin its $2.2 billion contract for construction of the railway between Sirt and Benghazi," the source said the day before the working visit to Russia...

LOS ANGELES, July 24, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE: OXY) announced net income of $2.297 billion ($2.78 per diluted share) for the second quarter of 2008, compared with $1.412 billion ($1.68 per diluted share) for the second quarter of 2007. Core results for the second quarter of 2008 were $2.300 billion ($2.79 per diluted share), compared with $943 million ($1.12 per diluted share) for the second quarter of 2007. See the attached schedule for a...

Libya and Portugal have signed two new agreements to increase co-operation in the oil and gas industry and for the expansion of bilateral trade, according to the Libyan state news agency Jana. The accords include a framework agreement to promote collaboration in oil and gas exploration, drilling, distribution, refining and other downstream activities. The news agency said that the two countries have also signed a memorandum of understanding that sets out the terms for investment by the...

Total has confirmed that an agreement has been signed for Repsol operated blocks NC115 and NC186 with Libyan National Oil Corporation in the Murzuq basin, onshore Libya, some 700 kilometers south of Tripoli. Total has a 30% equity share in Block NC115 alongside Repsol (40%) and OMV (30%) and holds 24% in Block NC186 alongside Repsol (32%), OMV (24%) and StatoilHydro (20%). The agreement provides for an extension of the contracts to 2032, by 15 years for Block NC115 and by 10 years for...