Business and Companies - Page 4

94 articles

Libya Suspends 27 Companies Over Foreign Trade Compliance Review

Libya's Ministry of Economy and Trade has halted the commercial activities of 27 companies as it investigates their adherence to foreign trade regulations on letters of credit, affecting over $146 million in import financing and signaling tighter oversight.

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AGOCO and Baker Hughes Discuss Expanding Oilfield Technology Cooperation

Libya's Arabian Gulf Oil Company is exploring deeper collaboration with Baker Hughes to enhance oilfield services and deploy advanced digital technologies, aiming to strengthen operational capacity and technical standards in the Libyan energy sector.

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Chinese Nantong Construction to Finance Industrial Projects in Libya

Chinese Nantong Construction Company has signaled readiness to finance multiple investment and industrial projects in Libya, following discussions with the Ministry of Housing and Reconstruction. The move could accelerate Libya's industrial recovery and deepen Sino-Libyan cooperation.

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Sonatrach Subsidiary ADC Affirms Stability at Fouka 1 Desalination Plant

Algerian Desalination Company, a Sonatrach subsidiary, states that the Fouka 1 seawater desalination plant is operating at normal capacity, with only brief, scheduled production dips, ensuring continued water supply to central Algeria.

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