Libya & Egypt: Refining Relations

Via Stratfor, news that Libyan Prime Minister al-Baghdadi Ali al-Mahmoudi said that Libya is planning to invest $10 billion in Egypt over the next two years including the development of an oil refinery in Alexandria and a natural gas pipeline that will run between Alexandria and Tobruk. The refinery would have a capacity of 250,000 barrels per day.  Just another example of Libya’s continued integration into the regional & global economy.

This entry was posted on Friday, July 4th, 2008 at 1:23 pm and is filed under Egypt, Libya.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.