Libya bidding to lure investment for oil sector
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Tripoli sets outs transparent bidding process for foreign firms to woo investment for sanctions-hit oil sector. By Hassen Zenati - TRIPOLI.
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Halliburton Co. , the world&#39;s  second-largest oil services company is seeking stakes in  emerging Gulf Arab firms to expand its operations in the  region, pan Arab daily Asharq al-Awsat reported on Monday.
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This oil company has the chops to make a good investment.
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Spanish construction group BTP Sacyr Vallehermoso said Sunday it had created a joint company with the Libyan government to bid for infrastructure contracts in the north African country.
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Occidental is the major winner of oil and gas licences in Libya, returning to the country after two decades.
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President Fidel Castro, in an announcement that raised eyebrows at energy companies, disclosed that oil deposits were discovered off Cuba.
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By Arkady Ostrovsky in Moscow, James Boxell in London and Doug,Cameron in Houston. Gazprom, Russia&#39;s state-backed gas monopoly, could team up with one of the major international oil groups in a bid for the
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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The private equity firm Colony Capital agreed to acquire control of Tamoil of Libya for 4 billion euros ($5.4 billion). The Libyan government will retain 35 percent of the company, which operates refineries and gas stations, Colony said. Tamoil, based in Switzerland and owned by the Libyan government under the name Oilinvest B.V., owns three refineries â in Germany, Italy and Switzerland â and 2,500 gas stations in Italy.
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After 20 years of isolation, Libya has become the destination of choice for hungry oil companies ready to cut any kind of deal to get a piece of the north African state's oil riches.
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US private equity firm Colony Capital  buys Libyan oil company Tamoil  in a deal valuing it at 4bn euros.
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As this Central Asian oil-producing nation prepares for critical parliamentary elections Sunday, both the government and opposition are trying to play the oil card to their own advantage.
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LONDON : Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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G.E. plans to participate in the countryâs âmassive focusâ on energy and will create a fund for infrastructure that could reach $1 billion.
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Libya is moving ahead with plans to modernise its oil industry and invited representatives from global companies to Tripoli on Sunday for talks.
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Private investment firm Colony Capital LLC has agreed to pay 4 billion euros ($5.4 billion) for Libya's European oil company Tamoil and Oilinvest.
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Pakistan plans to invite foreign investors to operate its new port of Gwadar, an unusual step for a country that has attracted little foreign capital.