Tag Archives | OAPEC

APICORP uses Libya as Gateway to Africa

In an interview with Al-Arabiya TV, the CEO of Arab Petroleum Investments Corporation (APICORP), Ahmad bin Hamad Al-Nuaimi (pictured), said the company plans to increase its share of the Libyan market, with a view to expanding from there into the African continent. He said APICORP, the Multilateral Development Bank of the Organisation of Arab Petroleum […]

APICORP Expands Energy Trade Finance Services to the Arab World and Beyond

Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC), has just announced the signing of a trade finance services agreement with JP Morgan Treasury Services. This deal enables APICORP to significantly expand its range of trade finance services to energy companies. […]

Libyan Oil Production Exceeds 1 Million Barrels a Day, NOC Chairman Says

Libya, holder of Africa’s biggest oil reserves, is now pumping “more than a million” barrels a day, the chairman of its state-run National Oil Corp. said. The country will resume normal oil production by the middle of next year, Nuri Berruien told reporters in Cairo today, where he is attending a meeting of the Organization […]

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