Libya Business News
Friday, March 31, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Construction & Engineering

AMEC talks to Libya on oil, reconstruction

24th October 2011
in Construction & Engineering, Investment, Oil & Gas
AMEC talks to Libya on oil, reconstruction
Share on FacebookShare on Twitter

 British engineering firm AMEC is ready to move workers back into Libya as its new rulers attempt to restore oil production and rebuild the conflict-torn country’s infrastructure, AMEC’s chief executive said. Foreign firms evacuated expatriate employees from the north African country as it descended into civil war in late February. The end of fighting last week has focused attention on the vast business opportunities there.

The company, which designs and builds infrastructure for the oil and gas, nuclear and renewable energy sectors, sees more opportunities than before in Libya because of the expected scramble to get oil out back on track and the need to diversify its sources of income, he said.

CEO Samir Brikho, said  “Now is the time for Libyans to create a vision on using income from oil to achieve maybe by 2020 an economy not depending on oil and gas like it is today.”

He was speaking on the sidelines of a business forum in Jordan where company executives played up the outlook for a Middle East rocked by popular uprisings and a wave of protests this year that, in the short term at least, made for a more unpredictable business environment.

Brikho said AMEC’s business in the Middle East had been growing by 25 percent per year and the potential of the region had not diminished. With governments seeking to diversify away from burning oil to create electricity, the company plans to focus on gas, nuclear power services and renewable energy. 

AMEC is focusing its expansion on the Middle East, Australasia and Latin America and the industries of oil and gas, subsea engineering, underground mining, water and nuclear services. It spent 100-120 million British pounds per year on acquisitions between 2007 and 2010, rising to 261 million pounds in 2011, mostly on smaller purchases.

(Source: Reuters)

Tags: AMECRenewablesRepatriation

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.