LIBYA

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Verenex shareholders approve Libya takeover deal

Shareholders of Verenex Energy Inc (VNX.TO) overwhelming approved the C$317 million ($299 million) sale of the small Canadian oil explorer on Friday to a Libyan sovereign wealth fund, ending an international takeover battle that saw Libya block a richer offer from China.

Egypt eyes solar power exports, costs too high now

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Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.
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Libya to make four IPOS in 2010, sell state firms

Libya plans to sell shares in four state companies in initial public offerings (IPOs) in 2010, including two telecom firms, an iron and steel company and a bank, the chairman of the Libyan Stock Market said on Sunday.
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Italian orchestra creates multicultural Mozart

An Italian orchestra mainly composed of migrants brings a multicultural version of Mozart's The Magic Flute to Rome on Wednesday to open the city's arts festival amid a debate over a crackdown on illegal migration.
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Libya to buy Canadian oil producer Verenex

Verenex Energy Inc, a Canadian oil producer focused on Libya, said on Friday it had entered into an agreement to be bought by a Libyan sovereign wealth fund, after the collapse of a deal reached with China.
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Britain's Brown to hold phone talks with Obama

British Prime Minister Gordon Brown and U.S. President Barack Obama will speak on Thursday for the first time since Lockerbie bomber Abdel Basset al-Megrahi's release and will discuss the global economy and Afghanistan.
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CNPC cancels Verenex deal; Libya eyes takeover

Verenex Energy Inc said on Tuesday the international arm of China National Petroleum Corp ended a C$446 million ($417 million) agreement to acquire the Canadian oil producer after Libya's government refused to approve the deal.
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UK denies putting Libya first in IRA victims' row

The row over Britain's relations with Libya took a new turn on Sunday as Gordon Brown denied he had shied away from pressing Tripoli to compensate families of IRA victims who say Libya supplied the guerrillas with arms.
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BP warned UK of risk in delayed Libya prisoner deal

British oil major BP Plc told the UK government two years ago that slow progress in concluding a Prisoner Transfer Agreement with Libya threatened a multi-billion dollar exploration deal it was negotiating.
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Brown denies double-dealing in Lockerbie case

British Prime Minister Gordon Brown said on Wednesday that his government had put no pressure on Scotland to release the Lockerbie bomber early to improve Britain's trade links with Libya.
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Aerobatics, fireworks as Gaddafi's Libya turns 40

Italian aerobatic jets, paragliders with fireworks, dancers and an equestrian fantasia electrified Tripoli on Tuesday night when Libya marked 40 years since a bloodless coup brought Muammar Gaddafi to power.
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Lockerbie bomber release linked to oil deal: report

Britain agreed to include Lockerbie bomber Abdel Basset al-Megrahi in a prisoner transfer deal with Libya because of overwhelming interests shortly before an oil deal was sealed with Tripoli, a newspaper reported on Sunday.
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Verenex says talks with Libya continue

Verenex Energy Inc. said on Tuesday its agreement to be bought by China for $460 million remained in effect and talks to resolve its impasse with Libyan authorities continue.
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Russia's Tatneft discovers oil in Libya

Russian mid-sized oil firm Tatneft (TATN3.MM) said on Tuesday it had successfully drilled a well on an oil block of Libya's Ghadames Basin, some 345 kilometres (214 miles) south of Tripoli.
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Scottish minister defends Lockerbie bomber release

Scotland's justice secretary Monday defended his decision to free the Lockerbie bomber on humanitarian grounds in the face of severe criticism from the United States government and relatives of U.S. victims.
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Gaddafi hugs Lockerbie bomber; Britain denies deal

Libyan leader Muammar Gaddafi hugged the convicted Lockerbie bomber and promised more cooperation with Britain in gratitude for his release, while London and Washington condemned his hero's welcome home.
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UK condemns celebrations for Lockerbie bomber

Britain on Friday condemned celebrations in Tripoli to mark the return of the Lockerbie bomber, and scrambled to deflect international fallout from the decision to free him on humanitarian grounds.
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Obama calls Lockerbie bomber release a mistake

The United States strongly condemned Thursday's decision by Scottish authorities to free a terminally ill Libyan convicted of the 1988 Lockerbie plane bombing, saying there was no justification for his release.
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Lockerbie bomber sent home to Libya to die

A former Libyan agent jailed for life for the 1988 Lockerbie bombing that killed 270 people flew home on Thursday after Scottish authorities released him on compassionate grounds because he is dying of cancer.

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