Malta signs energy procurement agreement with Libya

OPM_Libya_oil_gas_deal

Monday, 2, September, 2013 Malta News

The Government said in a statement today that “the relationship between Malta and Libya took a quantum leap today with the signing of the memorandum of understanding, which is crucial and beneficial for both countries.”

The deal was announced during a joint press conference between the Maltese Prime Minister Joseph Muscat and his Libyan counterpart Mr Ali Zeidan Mohamed.

Malta will be supplied by Libya with an amount of oil products, including processed and crude oil, diesel, petrol, jet fuel and LPG, with favourable terms and conditions. The agreement will be implemented as soon as oil production in Libya resumes under normal conditions, “in the near future.”

T”his is a very concrete measure by which this Government will make sure that Enemalta is on a sound footing and will help shield Maltese consumers and industries from excessive fluctuations in the world market. It will help us stabilise the price of fuel for the benefit of our economy and of our families. This is a ground breaking memorandum of understanding on which puts forward a number of key agreements which the details will be discussed in the next Joint Commission Meeting in Tripoli,The Prime Minister, Dr Joseph Muscat said.

The agreement also specifies that in the medium to the long term Malta becomes a centre from which Libya can service Europe in the energy sector. “The Maltese Government is resetting the policy objectives of our country.” The Prime Minster said that “now that the interconnector is in place Malta looks forward to become a juncture to the south whereby it can become an energy hub from which Libya can supply energy to Europe.”

“Another important step forward is the agreement to consider joint activity to exploring the potential for oil and gas in disputed areas between our two countries. This goes also hand in hand with an initiative with our Italian partners in the northern part of our territory,” the Prime Minister said.

“Malta will serve as a centre for servicing the Libyan oil and gas industry when it comes to the English Language. The Government will transform the Ta’ Giorni centre and make all the necessary upgrades in the equipment so that Malta can help servicing oil and gas industry in Libya with English Language capabilities.”

The Prime Minsiter explained that Malta now has an energy policy which includes a number of projects that are necessary to Malta in order to ensure Enemalta is a sound institution. “In this manner, Malta will not be totally reliant on the world market for the first time in 22 years.”

He added that this agreement is a “huge step forward which will make Malta’s tourism sector more competitive.”

Dr Muscat pointed out that “if Libya is not in a position to supply us with the refined product, Malta will be able to take the equivalent in crude oil and then make the necessary arrangement ourselves.”

The Prime Minister voiced his concerns about the illegal immigration situation and Mr Zeidan explained that after the revolution security has become an important issue, with Libya facing terrorism across the borders.

Mr Zeidan stated that this has become an international problem and it should be tackled in a very significant way. The Libyan Prime Minister said that cooperation with the European Union is strong and effective but believes that more could be done.

The Prime Minister, announced that Libya has been invited to join forces with the initiatives launched by Malta, Italy and Greece so that Libya has the necessary help to resolve the issue in a multilateral manner.

In the next few weeks the Libyan Transport Minister together with his delegation will visit Malta and discuss with Joe Mizzi, Minister for Transport how to help the Libyan Aviation Industry, through being serviced from Malta and other opportunities that might arise. Other topics which surfaced throughout the discussions were the current conflict in Syria, health and visas.

Mr Zeidan thanked Malta for its significant role during the Libyan revolution and stated that the Libyan Government would like to boost its relationship with Malta, especially when it comes to economy politics, education, culture and technical and also boost the relationship on oil and gas based on the conditions agreed upon.

The Libyan delegation was made up of the Minsiter for Transport and Economy, Minister for Oil and Gas, assistants and the Head of the Office of the Prime Minister of Libya.
Gozo News.Com: Malta signs energy procurement agreement with Libya

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Oil Update: No Breakout So Far, but the Trend Remains in Place

By Nadia Simmons Sep 03, 2013

From today’s point of view, it seems that the situation hasn’t changed much since last week because light crude is trading between $105 and $107 per barrel once again, just like it did a week ago. However, last week was very interesting and brought a significant improvement in the oil market — a positive change that eventually turned out to be only temporary.

Vanished Chinese hero prompts demo at Beijing’s embassy

Mohamed Najah and Aimen Eljali

Tripoli, 2 September 2013:

The alleged imprisonment and death sentence on a Chinese-born hero of the Libyan revolution led to angry protests outside the Chinese embassy in Tripoli today.

The 50 or so demonstrators believed that Yousef Bo Wang, a convert to Islam, who during the Revolution played a distinguished role helping evacuate wounded fighters to Tunisia, was kidnapped in Turkey on his way to Beijing.

Oil sector workers protest outside Congress

By Ahmed Elumami.

Tripoli, 2 September 2013:

Over a hundred oil sector workers protested outside Congress today, demanding that the General National Congress (GNC) and the government reopen the country’s oil fields and export terminals.

Members of the Oil and Gas Sector Workers Union (OGSWU), in cooperation with civil society organisations, said they were taking to the streets as a last resort. All other attempts to get the authorities to act had, they said, failed.

Treasured family car comes home

Belgassem Muntasser at the wheel of his father classic Mercedes 220S Read more: http://www.libyaherald.com/2013/09/01/treasured-family-car-comes-home/#ixzz2e5NgVbKc (Photo: Libya Herald)

Belgassem Muntasser at the wheel of his father classic Mercedes 220S
(Photo: Libya Herald)

By Michel Cousins.

Tripoli, 1 September 2013:

Mercedes Benz cars are not a common sight on Libya’s streets, unlike in the rest of North Africa and the Middle East, But it was not always so. Before Qaddafi seized power exactly forty-four years ago they were everywhere. Even the taxis were Mercedes. The reason they disappeared was that they were one of Qaddafi’s pet hates, of which he had many. He associated them with businessmen – another hate.

Mercedes now plans a major comeback in the country. But one very special Mercedes, although not exactly new, has already arrived.

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It’s just under three weeks ago I updated on the Benghazi case.  In that update, we had learned that Nakoula had granted an interview to the Daily Caller, witnesses and survivors were being hidden from Congress and that 400 surface to air missiles that were diverted to Libya were stolen by some ‘very ugly people’.

In the following update, I’ll cover the mainstream media finally denouncing the blame assigned to the YouTube video, the denial of one FOIA and information obtained from another, the pulling out of the investigative team in Benghazi and new meaning assigned to Hillary’s now famous outburst – What difference, at this point, does it make? Possibly a big one if the trail being abandoned leads back to Egypt.

wizbang http://wizbangblog.com/?p=52833

September trial for Saif and Senussi

Tripoli, 30 August 2013:

Saif Al-Islam Qaddafi, one of the former dictator’s sons, and his spy chief Abdullah Senussi are among 30 former regime officials who will stand trial in September, according to Libya’s Attorney General.