Libya could soon join Nigeria to supply crude oil to Ghana.
A deal has been struck between the two leaders, President Atta Mills and Muammar al Qadafi of Libya on the sidelines of the 13th Ordinary Summit of the African Union in Libya, after the government expressed seriousness about the need for assistance to access crude oil on good terms.
Brazil's construction company Odebrecht believes that Libya will maintain for many years its current growth potential, driven by the country's economic opening and oil exports. The Brazilian company, currently undertaking two large works in Tripoli, says that it is in the country to stay.
"Libya is a country that has much potential, one that is already being realized and will continue to be," said the CEO of Odebrecht in Libya, Daniel Villar, in an interview at the company's headquarters in Tripoli. "The country is on the opposite direction of the world crisis, it has accumulated lots of reserves and is not indebted," he added.
TAB Energy – a subsidiary of Bahrain-based investment firm Capital Management House (CMH) and Libya-focused private equity group Tuareg Capital – has won a second major contract from global energy giant Shell.
The 2010 World Economic Forum will be held in Marrakech next October, Moroccan Prime Minister Abbas El Fassi announced Monday (June 8th) in Rabat, after signing a memorandum of understanding with the WEF. Over 12,000 businessmen, government officials and civil society activists are expected to discuss Euro-Mediterranean co-operation, MAP reported.
Indonesia is ready to sink foreign boats fishing illegally in the country`s waters, Marine Resources and Fisheries Minister Freddy Numbery said here on Tuesday.
He said firm action was needed to deter foreign boats from continuing to poach in Indonesian waters.
"We are glad the House`s Commission IV supports us in this," he said at a meeting with the House commission.
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