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LIBYA IS EXPECTED to finalise the sale of a 50 per cent-stake in state-owned Azzawiya refinery this year as part of plans to modernise the countrys refining sector and help it meet rising domestic product demand.

p>LIBYA IS EXPECTED to finalise the sale of a 50 per cent-stake in state-owned Azzawiya refinery this year as part of plans to modernise the countrys refining sector and help it meet rising domestic product demand.

US-BASED NOOR Oil & Industrial Technology Inc. is planning to construct a 200,000 bpd-refinery and an oil pipeline in Tanzania to supply refined fuel products to the domestic and regional markets.

p>US-BASED NOOR Oil & Industrial Technology Inc. is planning to construct a 200,000 bpd-refinery and an oil pipeline in Tanzania to supply refined fuel products to the domestic and regional markets.

EGYPT WILL BUILD its biggest oil refinery with Chinese investment worth US$2bn to meet growing domestic demand and boost exports to the Asian country, according to the oil ministry.

p>EGYPT WILL BUILD its biggest oil refinery with Chinese investment worth US$2bn to meet growing domestic demand and boost exports to the Asian country, according to the oil ministry.

"CHINA SETS THE tone as oil demand begins to recover" ran the headline to a special feature in OPEC’s March Bulletin.

p>"CHINA SETS THE tone as oil demand begins to recover" ran the headline to a special feature in OPEC’s March Bulletin.

 THE CHAIRMAN OF Libyas National Oil Corporation (NOC), Shukri Ghanem, has outlined further proposals within the new oil law drafting process, saying that the reconstitution of the Oil Ministry is likely, as well as a transformation of the NOC into a commercial company, but he has reassured IOCs investing in the country that no further radical changes to their terms should be expected.

p> THE CHAIRMAN OF Libyas National Oil Corporation (NOC), Shukri Ghanem, has outlined further proposals within the new oil law drafting process, saying that the reconstitution of the Oil Ministry is likely, as well as a transformation of the NOC into a commercial company, but he has reassured IOCs investing in the country that no further radical changes to their terms should be expected.

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