Thursday, 24 November 2011

Libya seeks UK firms to develop oil sector and construction industry

I am please to announce that the Guardian Newspaper agreed to my requests in which I altered them about the incorrect assumption of me allowing "alcohol" in Libya. The newspaper sent an apology and amended the article as follows

Libya began touting itself as the next Dubai to UK investors, as the country's government said it would reward its "friends" when it begins selling off lucrative oil contracts.

Representatives of the country's National Transitional Council called City executives to a central London hotel to drum up British interest in the "massive opportunities" on offer in Libya.

Oil companies, and their lawyers, have kept a close eye on Libya's vast reserves, which accounted for more than 95% of the country's exports before the popular uprising against former dictator Muammar Gaddafi.

Nuri Berruien, head of Libya's National Oil Company, said that the country's government would "favour our friends" when awarding new contracts to its 46bn barrels of untapped oil reserves – the largest in Africa and eighth largest in the world. But he said it was unlikely that any new contracts would be granted before an elected government takes over from the NTC.

The transitional government has said existing contracts with oil firms, including BP, Shell, Eni and Total, will be honoured unless it finds evidence of corruption in the awarding of the contracts under the former regime.

Berruien said Libya's daily oil production, which stands at 600,000 barrels, is expected to hit 800,000 by the end of the year and return to pre-war levels of 1.6m by the end of 2012. Virtually all of Libya's oil is exported.

Representatives of international oil groups were told the best way to exploit Libya's oil wealth is to go into partnership with a local operator. Under the country's laws foreign oil firms may own up to 65% in joint ventures with local operators.

Heritage Oil, the FTSE 250 oil exploration firm run by Tory donor and former mercenary Tony Buckingham, became the first new entrant into the Libyan oil market since the fall of Gaddaffi when it bought a 51% stake in Sahara Oil Services Holdings for $19m (£11.9m) last month.

This week the Guardian revealed that Buckingham appeared to have sought the assistance of would-be Conservative MP Christian Sweeting in getting a foothold in the country.

Tarek Alwan, managing director of SOC Libya, a consultancy set up to help international businesses enter the Libyan market, said the north African country offered "vast opportunities" not just oil and gas, but also construction.

• This article was amended on 24 November 2011 to remove a quote which was misattributed to Tarek Alwan.

Wednesday, 23 November 2011

Libya open for business but obstacles ahead


When Omar's boss called him from abroad to tell him he wanted to come back Tripoli to restart his manufacturing business, the Libyan employee joked to his foreign manager the visit would just be personal.

"I said 'Boss, you would be spending all your time with me, there is no one to do business with'," Omar, who would only give his first name, said. "I told him to wait."

Omar's boss, like many other international businessmen, is keen to return to Libya to get his venture back up and running after eight months of civil war ousted Muammar Gaddafi from 42 years in power.

But in a nation lacking security and bristling with weapons, their re-entry may not be swift or easy.

Within days, Prime Minister Abdurrahim El-Keib will name a new government that will have the tough task of asserting the National Transitional Council's (NTC) control of a fractured country, reviving the economy and introducing democracy.

It will have to build institutions from scratch, sustain the revival of Libya's oil industry and disarm militias.

"It's a rather dark picture that is to be painted right now. Offices have been looted in the conflict, it's not clear who is in charge, who you need to speak with," said one European businessman who returned to Libya a few weeks ago after being evacuated during the conflict.

"I have tried to go find my old clients to get money that was owed, but how can they pay me back? Services aren't back up and running, banks are still limited in their operations."

Post-war Libya is also grappling with a banknote shortage.

The businessman had visited his old office and home, but like many other foreigners in Libya now, preferred to stay in the secure compound of one of Tripoli's plush hotels.

"There is no police, no order right now," he said. "But I am hopeful things will get better."

Bringing unruly and heavily armed militias under government control is a daunting challenge. Many foreign workers are adopting a wait-and-see approach until stability is restored.

"The economy is suffering from a lack of funds and the spread of weapons is one of the reasons for this with regard to tourism and foreign companies," Tripoli Islamist militia leader Abdel Hakim Belhadj told a seminar at Tripoli university.

At Tripoli Towers, one of the capital's main office blocks, the bulk of businesses operating are Libyan. The few foreign airlines that fly into Libya have re-opened their doors, but corridors are quiet.

At a nearby block of offices, the lack of foreigners is also evident. Outside a Libyan man carried his shopping in one hand and an AK-47 assault rifle in the other.

"This place used to be buzzing," said a Western security adviser. "Now the main thing you notice is the lack of expats."

Foreign faces can be seen in hotel lobbies but their visits are fleeting for now. "There seem to be more security guys here than actual businessmen," a second security contractor joked.

Neither contractor expected a significant return of foreigners before the new year at the earliest. "Moving their families back will take even longer," one said.

Jack Mullan, director of risk consultancy Morelia Investments, said clashes between rival militias had deterred foreign businesses from rushing back to Libya.

Last week, heavy fighting between local armed groups killed several people on the outskirts of Tripoli.

British airline bmi has cancelled plans to resume direct flights from London to Tripoli this month and said on Friday there was no firm date for restarting the service.

"The poor security environment would have to improve before investors return. The current militia in-fighting would have to be resolved to soothe many investors' concerns. Otherwise many Fortune 500 companies will not return to Libya," said Mullan, who also cited an unpredictable regulatory environment.

"HUGE OPPORTUNITIES"

Yet with the civil war over and a government in the making, foreign executives are weighing the opportunities against the risks in an oil and gas-producing nation with the resources to pay for urgent reconstruction and healthcare needs.

Several Western nations have sent trade delegations, no big winners have emerged yet in the race for contracts.

"The government has to be named, there needs to be structure before business can be done," a diplomatic source said.

Tarek Alwan, managing director of London-based consulting firm SOC Libya, said he had been approached by numerous companies seeking guidance on how to enter the Libyan market.

"We have noticed a greater degree of demand to enter the Libyan market. There are huge opportunities in Libya in construction, infrastructure, IT, tourism," he said.

"My advice is that it is still a bit too early to do business in Libya. My advice is that they should be doing their homework and preparations."

One company that was quick to make a move was Britain's Heritage Oil which spent $19.5 million (12.3 million pounds) buying a controlling stake in Benghazi-based Sahara Oil Services in October, in a deal that was denied by Libya's National Oil Company.

NTC officials have said existing contracts with foreign firms would be honoured, although those found to have been awarded corruptly might be reviewed.

But major new concessions are unlikely to be awarded until the incoming transitional government has given way to an elected administration, scheduled to take place in eight months.

In the meantime, restocking offices, finding new staff to replace foreigners who fled, and in some cases getting striking workers back to work is key. Workers at Libyan oil producer Waha Oil, which pumped around a quarter of pre-war output, downed tools for weeks until their demands for a new chairman were met.

"Let's try to get things started," Libyan businessman Amr Azzabi said, "And then make changes as we go along."

By Marie-Louise Gumuchian from Reuters

(Additional reporting by Oliver Holmes and Alastair Macdonald; Editing by Alistair Lyon)

Wednesday, 16 November 2011

Libya –The Future 2 conference (Monday 14 Nov 2011 – London)






The event was a part of the dialogue started in September at the initial ‘Libya –The Future’ conference and will focus on how British industry & businesses can help Libya rebuild their country.

The first keynote speaker was Edward Oakden, managing director of UK Trade & Investment (UKTI) Sectors Group, who recently returned from a trade mission to Libya. He outlined how UKTI can assist and support UK businesses entering or re-entering the Libyan market.

The second keynote speaker was Tarek Alwan, Managing Director of SOC Libya Ltd, Who also was in Libya recently and planning to return soon, he gave a presentation about Oil and Gas

Robin Lamb, director general of the Libyan British Business Council (LBBC), gave details of the LBBC trade mission to Libya and the work of LBBC to promote British Businesses into Libya.

There was also be a video conference call to Tripoli to Sami Zaptia MD of ‘Know Libya’ (an Anglo-Libyan company) who was talking directly on progress of getting back to business and ways to facilitate & establish UK business entry and establish local partnerships.
The speaker panel Identified the business sectors who would need to be involved in the rebuilding of Libya in the immediate and medium term future including infrastructure, construction, communications, medical – hospitals, oil refineries, transport services, finance & business systems.

Libya – The Future 2 discussed areas for medium to long term partnership for example further oil exploration, tourism development, retail & service sectors.

Libya – The Future 2 Conference was the second in a series of events being organised by Foley Associates to track Libyan progress and focus on industry sectors. The third event in the series will be a two-day conference, workshop & exhibition showcasing international companies takes place 13-14 February 2012.

More info at www.libya-conference.co.uk
Contact Stephen Foley on 07966 200895 or 01706 378827 info@libya-conference.co.uk


BBC Radio Interview

This is the interview which BBC Radio "World Today" conducted with me regarding business opportunities in new Libya

Monday, 31 October 2011

Pre existing and new business opportunities in Libya


The fall of the Gaddafi regime in August 2011 marks the end of a dictatorship era in Libya.

Libya is country with a population of just over 6 million and has Africa's largest oil reserves, with 46 billion barrels of oil and 54 trillion cubic of gas.

The country has up to $170 billion worth of frozen assets abroad alone. After the removal of Gaddafi and the destruction caused to most of its infrastructure by the war, the country requires a near complete rebuild from housing, schools, hospitals to services etc.

Libya is expected to offer more than $200 billion in investment opportunities over the next 10 years.

We, at SOC Libya, are keen to assist, help and support international companies to start doing their “home-work” to prepare for the huge opportunities Libya will be offering and at the same time, we are offering our services for companies with existing contracts, signed during Gaddafi era, which will be honoured, to return to Libya and resume operations.

To speak to us on how we could help you, please contact us at:-

SOC Libya Ltd. E: info@soclibya.com. T: +44 208 208 3120. M: ++44 777 4013043

Monday, 28 March 2011

Opportunities in New Libya

Despite all the troubles in Libya at the moment and how businesses have been greatly affected. We strongly believe that international businesses will not face unique, exceptional or overwhelming challenges in a new Libya. Libya will offer new and great business opportunities for all to grab in all sectors, the country will simply require total rebuild. Talk to us now on how we could help you or your company to prepare for the next steps. SOC Libya Ltd - 111 Harp Island Close. London, NW10 0DQ. UK Tel: +44 208208 3120 - Mobile: +44 777 40 13043 Email: info@soclibya.com - Website www.soclibya.com

Thursday, 10 February 2011

Libyan government lending to foreign states

Feb 9 (Reuters) - A Libyan government document obtained by
Reuters showed the oil exporter is owed over $3 billion dollars
by foreign governments after handing out dozens of loans that
underscore its wealth and its diplomatic clout. the document,
which was drafted by the Libyan General Peoples' Committee for
International Cooperation, or foreign ministry.

The documents also states that the following countries have
fully repaid loans to Libya: Hungary, Poland, Benin, Vietnam,
Panama, Ghana, Algeria, Uganda, Gabon

* Amounts in millions of U.S. dollars unless otherwise stated
** Loans not yet due for repayment

To see full article please see this link http://reut.rs/h1HvHz

Thursday, 3 February 2011

New Mobile Services in Libya (LIBYAPHONE)



Libya Telecom and Technology (LTT) announced during a ceremony held on Monday, 31/01/2011 the launch of new service called LIBYAPHONE, the ceremony was attended by a large number of Executive Directors, Director Generals, members of Board of Directors, Chairmen, Engineers and Technicians of Libya’s Telecom Sector.

This makes LTT a third mobile business in Libya after Libyana and Al Madar, and it operates its network by a new local mobile code (095).


This new service aims to provide mobile phone services enhanced with high Internet service and applications for the fast growing market sector in Libya. The company’s previous experience with internet service through the two networks the second generation and third generation allows it to expend and create such service.

Thursday, 27 January 2011

More restrictions on multi entries visa to Libya

The Libyan authorities made it more difficult to obtain mutli visas to Libya and there are many rumors about the reason and none is proven. Some well-connected companies can still obtain visas but there fees increased more than 100%.

It started in Dec last year and we thought it will not last but we were wrong. Again no one knows when it will end. Last week I travelled to Libya and I could see a few passengers on the way in and back. The Libyan embassy in London receives less and less applications.

We are still monitoring the situation and we will keep you informed if any changes

Saturday, 15 January 2011

New Services from SOC Libya


We are pleased to announce that we have now launched new services called LONDON OFFICE SERVICES aimed to help Libyan Business Persons, Government or Local organisation & Companies in the UK.

The main purpose of the London office or bureau is to assist Libyan companies, groups and individuals in the UK.


Why Choose London as a European Headquarters?
• It is one of the most influential cities in the world.
• Great centre for banks and raising international capital.
• Very popular with international businesses, and a home to thousands of companies.
• It has an enormous range of cultural, sports and entertainment activities.
• Multicultural with English as the first language.
• Good international and local transport links.
• Offers a safe and satisfying lifestyle.
• A good centre for property investment.


SOC Libya Services
To apply SOC Libya’s extensive knowledge and range of skills of the UK, international and Libyan Markets, and our network of contacts to provide Libyan individuals and companies with effective support and assistance in the following areas:


 Assist with visits and itineraries or appointment setting etc.
 Help with internal transport, accommodation, hotel, property search etc.
 To represent individuals and companies in the UK.
 Translation and interpreting support.
 Marketing research to find UK, EU or International business partners.
 Help with import/export.

 Marketing services, such as setting up seminars.
 Setting up meeting and appointments in the UK on behalf on their behalves.
 To receive and respond to enquiries and requests.
 To promote businesses in the UK.

Wednesday, 29 December 2010

First Gulf Bank opens new branch of First Gulf Libyan Bank in Tripoli





First Gulf Bank (FGB) recently celebrated the opening of its newest branch of First Gulf Libyan Bank (FGLB) at the Rixos Hotel in Tripoli.

FGLB was established as part of a strategic partnership between FGB and the Libyan Government Economic and Social Development Fund (ESDF). FGLB has authorized capital of approximately $400m, which was put forward by both FGB and the ESDF equally. The paid up capital for the FGLB is $200m, which makes it one of the largest banks currently operating in Libya.

The opening ceremony was attended by Mr. Hamed El Houderi, General Manager of ESDF and Chairman of FGLB; Mr. Abdulhamid Saeed, the Managing Director and the Vice Chairman of FGLB; and Mr. Abdelrazek Elhoush, the General Manager of the FGLB.

Mr. Abdulhamid Saeed remarked at the opening, stating that, "This is a momentous occasion for First Gulf Bank. This new branch is in line with our greater strategy to expand our services and offerings geographically. With our new branch in Tripoli, we know that we will be able to positively impact upon the development of the Libyan Financial Market and the greater economy. We also are committed to providing a host of innovative financial services to our customers."

Commenting at the opening, Mr. Abdelrazek Elhoushsaid, "The branch which we have opened here at the Rixos hotel is the first branch which we have opened outside of the First Gulf Libyan Bank Headquarters in Tripoli."

He added, "This is just the beginning, we are actively looking at other locations where we can open branches in the city of Tripoli. Outside the capital we are looking to open branches in Benghazi and Misurata. In the near future, we hope that we will be able to provide a full banking service to our customers in Libya."

Source: Press Release

Monday, 27 December 2010

Libya aims to triple power capacity within 10 years



According to The National Libya wants to triple its power generation capacity within a decade to support what it hopes will be a flood of foreign investment aimed at expanding and diversifying an economy that is heavily dependent on oil and gas exports.

The government's plan includes increasing installed electrical generation capacity to 20 gigawatts by 2020 from about 6.2gw at present. As well as supplying the domestic market, Libya is aiming to export power to Europe.

Tripoli has also set a target of supplying 10 per cent of its energy consumption from renewable sources, especially solar and wind power.

That is more ambitious than the UAE's 7 per cent renewable-energy commitment over the same period, but lower than targets set by some Mediterranean Arab neighbours such as Morocco, Egypt and Lebanon.

"The Great Jamahiriya [Libya's parliament] assigns special interest in the energy sector, acquiring knowledge, as well as increasing the energy efficiency by utilising cutting-edge technology and enhancing rationalisation of energy," the Libyan privatisation and investment board stated in an investment presentation yesterday in Abu Dhabi.

"Libya seeks to significantly contribute to regional and global programmes in the energy sector, leveraging its well-positioned geographic location [between the] European and African continents."

In addition, Tripoli would support environmental protection projects, the presentation indicated.

Libya produces most of its electricity by burning oil. This summer, energy officials said the government had launched strategic initiatives aimed at encouraging gas exploration and development, with a view to using gas for most power generation while exporting more oil. However, in the absence of large new gas discoveries, that could leave Libya without surplus gas to continue its current exports of the fuel, mainly by pipeline to Europe.



Tripoli's new renewable energy strategy may therefore be partly driven by fears that its gas development drive may fail.

On Thursday, Royal Dutch Shell said it was appraising a gas discovery on its concession in Libya's Sirte basin and would continue drilling.

Source: The National

Friday, 12 November 2010

Our Tripoli Office


We are pleased to announce that we have moved to a bigger office in Tripoli.

Tripoli office
Zanget Bakir, Dahra - Tripoli - Libya
Mobile: + 218 (0) 91 360 5043
Email: soclibya@yahoo.com
SKYPE ID: soclibya

Activities:-

The Tripoli office is located in the Dahra area in central Tripoli.
The office adds value to SOC Libya’s services for the Libyan market and provides local support for all of SOC Libya’s range of business functions.
The office offers the same services as the London-based head office.
Its main purpose and objective is to act as operational and strategic support for all SOC Libya projects in Libya and to provide in-country assistance. The office location is fully equipped and is available for our clients, whether they are local or international companies. Confidential meetings can be held with clients and business partners in the heart of Tripoli where most international businesses are based.

The working hours of the office in Tripoli are from Saturday to Thursday from 8:30 A.M. to 5:00 P.M.

We look forward to welcoming you.

Thursday, 11 November 2010

An Ad for SOC Libya



We would like to announce that we have recently placed an ad at Business Time Libya Magazine and here is the link (http://www.businesstime.ly/mag/issue14/). You will find us at page no 6. We would like to share your views or comments with us.

About the magazine

“BusinessTime is the first Libyan business-class advertising magazine, issued by Abjad Strategies & designed by Arkan Co. for media & marketing, It’s a monthly full English coloured advertising, guiding & servicing magazine”.

Monday, 8 November 2010

Thuraya to launch post-paid mobile satellite services in Libya



Major customers in Libya will now be able to enjoy Thuraya's post-paid mobile satellite handheld services. This comes after the signing of a commercial agreement between the mobile satellite operator and Al Jeel Al Jadeed, a firm specialised in satellite communications.

Furthermore, Al Jeel Al Jadeed, which is a subsidiary to Libya Post Telecom and Information Technology Company (LPTIC) that replaces old General Post and Telecommunications Company (GPTC), has been assigned as a distributor of Thuraya IP and Marine services which will be promoted to vertical markets in Libya. Al Jeel Al Jadeed will be focusing on targeting large corporate organisations which form the main customer base of satellite-based communications services.

"With Thuraya going more towards vertical markets, it makes a lot of sense to gear business offerings towards service models appropriate for corporate users, and the post-paid satellite handheld service is a prime example of that direction. Post-paid services ensure customers credit availability as opposed to pre-paid services whereby customers have to observe their credit limits," said Thuraya's Chief Technology Officer, Mr. Ali Al Mazrooei.

He also added that both Thuraya IP and Marine are compact and user-friendly solutions that will be rolled out rapidly through the distribution network of Al Jeel Al Jadeed.

On a similar note, Mr. Mohamed Hassan, CEO and Chairman of Al Jeel Al Jadeed said, "We are very proud to be the first to introduce post-paid services for mobile satellite handhelds to the Libyan market and facilitate voice communications for our customers. Thuraya's competitive products, IP and Marine will be met with great demand in Libya due to their advanced features and efficiency."

He elaborated that Thuraya's diverse portfolio including voice, data, maritime and tracking services meets the needs of vertical market sectors such as government, corporate and oil and gas firms.

Thuraya's handheld pre-paid services have been available in Libya since 2002 and the introduction of post-paid services is an expansion of the Company's offerings.

Thuraya IP is the world's smallest satellite broadband solution and capable of achieving streaming speeds of 384 Kbps. With Standard IP speeds of up to 444 Kbps, Thuraya IP requires no additional software for installation as it is based on a user-friendly plug and play system. A-5 sized which adds to its portability and mobility, it is the only satellite broadband solution with asymmetric streaming where customers can select upload and download speeds for high quality service cost-effectively.

Thuraya Marine is a multi-communication device offering voice, data, SMS and fax services onboard ships. The solution also provides distress calling services to organisations selected by the customer. The solution is easy-to-install and has an advanced antenna that is omni-directional and flexibly moves with the ship.

Source: AMEinfo.com

Saturday, 6 November 2010

No more Arabic Translation to passports required!


The Libyan Government (General People’s Committee) has officially announced that an Arabic Translation is NO longer required for obtaining visas to Libya. All Libyan Embassies abroad have been notified by official letters.

This is another good step Libya took towards making visa process much easier. Now travellers to Libya can now submit visa application without the need to worry about it.

Furthermore, Libya recently introduced a single entry business visa which can be obtained at Airports.

SOC Libya gained the news from reliable Libyan officials.


Photo taken from Temehu website