First Published: 2012-11-26

 

Libya denies interest in Petroplus oil refinery

 

Sovereign wealth fund denies it wants to invest in troubled Petroplus oil refinery in northwestern France.

 

Middle East Online

Bankrupt

TRIPOLI - Libya's sovereign wealth fund on Monday denied it wants to invest in the troubled Petroplus oil refinery in northwestern France, the official news agency LANA reported.

The Libyan Investment Authority "denies reports on certain media and circulating on the Internet that it plans to buy a refinery in France," it said, quoting a statement from the LIA.

It said the reports were incorrect and that "the media did not take the trouble to verify them," adding that the LIA had not even carried out any such feasibility project for such an investment.

France's Industry Minister Arnaud Montebourg said on November 5 that he had received a letter from the LIA saying they would like to examine the possibility of investing in the refinery near Rouen, in France's Normandy region.

In October, a court ordered that the Petit-Couronne refinery be liquidated, rejecting two takeover offers from Dubai-based NetOil and Alafandi Petroleum Group, which is based in Hong Kong. But it allowed the refinery to continue operating for two months.

The minister's comments sparked criticism in the Libyan media and on Facebook over the LIA's interest in a "bankrupt" refinery.

 

US warplanes carry out first strikes on IS near Baghdad

Erdogan: Turkey would welcome exiled Brotherhood leaders

Six Egypt policemen in Sinai bomb attack

Renegade former general claims air raid on Libya militia position

Scottish independence campaigners find support in Palestinian bagpipers

Despite war, South Sudan replaces foreign workers with locals

IS jihadists shoot down Syria warplane

UEFA urged not to award 2020 European Championship to Israel

Israel sees future war with Hezbollah

Germany tries first 'Islamic State jihadist'

Egypt court bails top 2011 revolt activist

Iran rejected US request to cooperate against IS

Iran ridicules anti-jihadist international conference

Egypt textile factory collapse kills six

Mali separatists agree to speak with one voice

Qatar starts to curb Brotherhood’s activities

Coalition meets in Paris to plan fight against IS

Around 930 French citizens or residents involved 'in jihad' in Iraq, Syria

Yemen rebels, officials to meet with UN to end standoff

Qatar-based Egypt's Brotherhood leaders to relocate

Cameron chairs emergency meeting over British hostage beheading

Hollande defends arming Kurds against IS

43 Israeli soldiers condemn 'abuses' of Palestinians

Egypt urged to free more than 20 demonstrators

Turkey’s internet censored further

Tunisia Islamists clash with police in protest

10 Arab states agree to 'share' US-led fight against IS

Obama awaits Congress approval of Syria rebel aid

Hollande in Iraq to back new government

Lebanon to set up refugee camps along border with Syria

Russia slams unilateral US airstrikes on jihadists in Syria

Four Qaeda suspects in Yemen drone attack

Meshaal: Hamas may hold direct talk with Israel

UN Syria envoy says world must confront terrorist groups

Turkey refuses to allow US-led coalition to hit IS from its air bases

Yemen president, Shiite rebels reach deal

EU warns Gaza violence could re-ignite within 'months'

Thani denies UAE, Egypt conducted air strikes in Libya

Obama: We will destroy ISIL in Syria and Iraq

Beirut urges 'common front' against IS 'monsters'

Obama to steel Americans for long battle against IS

Turkish prosecutor demands life sentences for protesting soccer fans

Rich Gulf urged to pump billions into 'Arab Marshall Plan'

28 Syria rebel leaders killed in blast targeting meeting

Britain to ship machine guns to Iraqi Kurds