No Result
View All Result
Wednesday, August 27, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya-Tunisia oil deal moves ahead

byMichel Cousins
April 15, 2013
Reading Time: 2 mins read
A A

By Hadi Fornaji.

Tripoli, 14 April 2013:

Moves to supply Tunisia with Libyan crude oil as well as oil products have taken a . . .[restrict]further step forward with agreement on Friday to set up a joint committee to oversee the plans. Approval was given by Oil and Gas Minister Abdulbari Arusi and Tunisian Minister of Industry Mehdi Juma at a meeting in Tunisia.

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

There was also a deal on Friday on a joint committee to oversee electricity supplies between the two countries.

RELATED POSTS

Zawia Oil Refining Company prepares to establish 100-million litre industrial oils plant in Benghazi‎

Libya, Algeria and Tunisia agree on further cooperation on land transport

The ministers also reviewed the Skhira refinery project and the possibility of joint projects exploiting border region hydrocarbon reserves.

The $2-billion Skhira project was first awarded to Qatar Petroleum in 2007. The plan was to build a 120,000-barrel-a-day refinery at the Gulf of Gabes town, site of the pipeline terminal connected to Tunisian and Algerian oilfields. The project was then shelved because 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.

The Tunisian Minister stressed on Friday that Tunisia wanted to speed up the Skhira project and that a formal agreement committing Libya to provide his country with oil should be signed.

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. [/restrict]

Tags: LibyaoilTunisia

Related Posts

Libya and Shell discuss several areas of cooperation
Business

Oil Ministry discusses creating attractive investment environment for sector, including issuing Investor Guide booklet

August 26, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

Tripoli City Metro options reviewed including financing mechanisms and investment opportunities

August 26, 2025
Toyota Libya starts training 8 youth as part of its regular “Discover Your Talent” training programme
Business

Toyota Libya starts training 8 youth as part of its regular “Discover Your Talent” training programme

August 26, 2025
Medsky Airways adds a second Airbus 320 to its fleet
Business

Medsky to launch new direct flights between Libya and Athens soon

August 25, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba discusses encouraging foreign investment, prudent importing, stimulating investment and the fish export ban

August 25, 2025
Electronic Tracking system for imported goods goes into operation
Business

Customs Authority announces full launch of ASYCUDA system next month

August 25, 2025
Next Post

EU grants for Libyan CSOs

Impressive turnout for the third international women’s event

Impressive turnout for the third international women’s event

ADVERTISEMENT

Top Stories

  • NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    0 shares
    Share 0 Tweet 0
  • CBL Governor Issa vows to end Libya’s liquidity crisis by 1 October

    0 shares
    Share 0 Tweet 0
  • Tripoli Interior Ministry: We thwarted attempted rocket attack on UN Mission’s Tripoli headquarters

    0 shares
    Share 0 Tweet 0
  • Medsky to launch new direct flights between Libya and Athens soon

    0 shares
    Share 0 Tweet 0
  • Libyan Railroads to issue consultancy tender for Tripoli rail project

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

NOC discusses exploration and production with US oil giant Chevron in its 4 billion reserves, 18 bn barrels of shale oil and 123 trillion cubic ft of natural gas

Oil Ministry discusses creating attractive investment environment for sector, including issuing Investor Guide booklet

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.