Libya Interviews

Jumhouria Bank: Leading the Libyan Banking Space, Maintaining Top Position

editor@marcopolis.net (Jacques Yétérian) — Mon, 08 Jul 2013 00:00:00 +0000

Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya

Jumhouria Bank is the largest bank in Libya and was the result of a merger between Al Ummah Bank and Jumhouria Bank. Now we have a total capital of about 1 billion Libyan dinar and total assets for 2012 of 33 billion Libyan dinar on the balance sheet and 12 billion dinar off the balance sheet for a total of about 44 billion Libyan dinar.

National Oil Corporation of Libya (NOC) hopes to reach oil production of 1.7 MBD by the end of 2013

editor3@marcopolis.net (Ben Novak) — Thu, 01 Aug 2013 00:00:00 +0000

Dr. Nuri A. Berruien, Chairman of the Board, National Oil Corporation (NOC) of Libya

Libya has two large refineries and it needs to improve the performance of these to decrease the gasoline imports, which currently stand at 80% of the overall oil consumption in Libya. NOC Chairman Dr. Beruuien anticipates there will be three big refineries built in Libya, however it will be the private sector that will play a major role in these investments. 1955 petroleum law of Libya is being revised and NOC is also reviewing their EPSA models to encourage investment in Libya. NOC hopes for an oil production of 1.7 million barrels per day by the end of 2013 while the operating costs remain very low - close to US $5.5 per barrel. Dr. Berruien expects more oil discoveries in Libya as many areas have not been fully explored yet.

Libyan Capital Markets: Expecting Double Digit Growth

editor@marcopolis.net (Jacques Yétérian) — Sun, 02 Jun 2013 00:00:00 +0000

Dr. Ahmed M. Karoud, General Manager of Libyan Stock Market

Only 5% of our economy was in the private sector before. The government is going to set a new law for private companies in Libya, this is expected in May 2013.

Libyan Investments: Latest Analysis of Investments in Libya

editor3@marcopolis.net (Ben Novak) — Fri, 03 Jan 2014 11:03:46 +0000

Khaled Al Bakory, CEO of Privatization and Investment Board (PIB)

Most of companies from all over the world are concentrating on investments in the oil sector of Libya. However, the country has, according to Al Bakory, other attractive investment opportunities, particularly in the health and transportation sector. The aim of Privatization & Investment Board of Libya has been to attract variety of investment projects, including tourism and transportation.