LIBYA

International Business Times Logo

Oil hits record over $100 on OPEC supply concerns

Oil prices surged more than 4 percent on Tuesday to hit a record over $100 a barrel on expectations OPEC will keep production levels steady when it meets next month. News Nigerian oil delta rebel leader Henry Okah had died raised worries about supplies from the OPEC country, but a spokesman for the government later said he was alive and in custody.

France's Sarkozy defends Gaddafi visit, despite row

International Business Times Logo
President Nicolas Sarkozy defended a visit by Muammar Gaddafi on Monday, just hours after his top human rights official said France was not a doormat on which the Libyan leader could wipe off the blood of his crimes.
More news
International Business Times Logo

Darfur peace talks to begin without key rebels

Delegations gathered in Libya on Saturday to launch talks to end 4-1/2 years of conflict in Sudan's Darfur region but the absence of key rebels cast doubt on whether negotiations could produce any meaningful deal.
International Business Times Logo

OPEC agrees to raise output

Saudi Arabia persuaded OPEC to raise oil output by 500,000 barrels per day on Tuesday in a gesture to consumer nations worried by the economic impact of $77 oil and rapidly diminishing fuel stocks.
International Business Times Logo

Sarkozy sets stamp on French power merger

The planned merger of Gaz de France and Suez to create one of Europe's largest energy groups has once more underlined President Nicolas Sarkozy's determination to keep a firm hold on French industrial policy.
International Business Times Logo

U.S. authorities step up probes of European banks: report

The U.S. Justice Department and other authorities have stepped up investigations into several large European banks for violating sanctions against Iran, Libya, Cuba and Sudan, the Financial Times reported in its online edition.
International Business Times Logo

Edison to invest well above 4.5 bln euros by 2013

Italy's Edison plans to invest more than 4.5 billion euros ($6.17 billion) by 2013 mostly in gas, foreign activities and renewable energies, the utility's Chief Executive told a newspaper on Sunday.
International Business Times Logo

Libya close to arms deals with France

Libya is set to buy anti-tank missiles and radio systems from European aerospace and defense group EADS, days after a visit to Tripoli by President Nicolas Sarkozy, the French government said on Friday.
International Business Times Logo

Sarkozy in Senegal to push African aid agenda

Nicolas Sarkozy arrived in Senegal on Thursday on his first visit as president to sub-Saharan Africa to underscore France's ties with ex-colonies and promote the diplomatic priority of African development.
International Business Times Logo

OPEC Basket Price Falls to $55.99 Thursday

The OPEC crude basket price, a daily reference level based on the prices of 11 crudes - dropped to $55.99 on Thursday from $56.23 the previous day.
International Business Times Logo

Gaddafi Criticizes Lybia's Oil, Imports Dependence

Libya's leader has reprimanded the country over its over-dependence on foreign imports and oil. He has urged the economy to improve its manufacturing sector and increase productivity.
International Business Times Logo

Opening the Libyan Marketplace

Since Tripoli gave up its nuclear arms programs in 2003, Libya has seen progress in the number of foreign investments being made in the country, the result of an environment that encourages market orientated reforms meant to reintegrate the country into the international economic fold.

Pages

  • Prev
  • 125
  • 126
  • 127
  • 128
  • 129

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.