Libya

imported 2024-03-17 17:43:07

Libya to Spend LYD 1.5 billion on ICT Investment Projects in 5 Years

In 2013 two major contracts for the modernization of the two mobile operators are signed. For Libyana the estimated costs of the upgrade is LYD 230-250 million and approximately the same amount for Almadar, the second largest mobile operator in Libya. Eng. Usama Siala, Minister of Communications and Informatics of Libya, explains the telecom investment road-map for 2013-2014.

National Oil Corporation: Libya will be Producing Oil for Another 50 Years

Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), discusses the future for National Oil Corporation, the largest oil company in Libya. With the fall of the Qaddafi regime, “For the first time, we have been operating differently from the past. NOC has greater independence, unlike in the past under the old regime when the government would interfere with the industry and make dictates that are not conducive to a good business environment. This is all gone,” explains Dr. Berruien.

Oil in Libya: Production to Reach 2 million Barrels by 2015

Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), talks about oil in Libya and oil production in Libya. According to Dr. Berruien, “National Oil Corporation has technically exceeded 1.6 million barrels of oil per day but in actuality we are averaging about 1.5 million barrels of oil per day because of some strikes which are affecting our oil production levels. We have established the capability to produce more than 1.6 million and hopefully by the end of the year, we will be close to 1.7 million barrels per day of oil.”

Airlines in Libya: EU Flying Ban

One of the major challenges for airlines in Libya is the EU ban of flights from Libya. For the past few years the Libya’s Civil Aviation Authority (LYCAA) has been trying to revoke the bank that is putting the strain on both 2 local airlines. As a result of this, Libyan Airlines is currently wet-leasing aircraft and flight-deck staff to service its European routes.

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