Libya Business News
Thursday, March 30, 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 Oil & Gas

Progress on Libya-Tunisia Oil Deal

15th April 2013
in Oil & Gas
Progress on Libya-Tunisia Oil Deal
Share on FacebookShare on Twitter

Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] (pictured), and Tunisian Minister of Industry, Mehdi Juma, have approved plans to supply Tunisia with Libyan crude oil and oil products, reports Libya Herald.

A deal to supply Tunisia with cheap Libyan oil was agreed last May.

They also agreed to set up a joint committee to oversee the project, and another to oversee electricity supplies between the two countries.

The ministers also reviewed the Skhira refinery project, with the Tunisian Minister pushing to speed up the project, and saying that a formal agreement committing Libya to provide his country with oil should be signed.

The $2-billion, 120,000-barrel-a-day Skhira project was first awarded to Qatar Petroleum in 2007, but plans were shelved when changing fuel prices made it uneconomic. However in late 2010, the Qaddafi regime’s prime minister, Al-Baghdadi Al-Mahmoudi announced Libya would take it over and provide Libyan oil as feedstock.

This plan was then derailed by the revolutions in both countries, but last year the Qatari government announced that it was rejoining and reviving the project. However, it said that that costs had escalated and a second partner was needed.

The refinery is to produce petrol and diesel as well as petroleum coke, bitumen and gasoil for domestic consumption as well as exports. It is envisaged that the capacity of the complex will eventually rise to 250,000 b/d and that most of the feedstock will come from Libya.

However, Arusi pointed out that while Libya would continue to support projects already agreed between the two countries, the Libyan oil industry was being restructured and a larger role for the private sector in major projects was now expected.

Last December, Canadian energy company Sonde has announced that it has reached an agreement with the Joint Oil Company, equally owned by Libya and Tunisia, to enter a second phase of exploration under the Exploration and Production Sharing Agreement in the Gulf of Gabes.

(Source: Libya Herald)

Tags: CanadaGulf of GabesJoint Oil CompanyQatarQatar PetroleumrefineriesSkhiraSondeTunisia

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.