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.

 

Future of Algeria on wheelchair

Experts: Washington demanded removal of Saudi spy chief

Egypt leftist leader urges all revolutionary groups to unite

Washington will not issue visa for Iran UN envoy

Syria world’s most perilous country fro journalists

UK ‘determined to catch’ killer of Libya embassy policewoman

Palestinians rally for solidarity with Israel-held prisoners

Turkey may clinch bid to dismantle Italy’s wrecked ship

Israeli, Palestinian negotiators to hold meeting with US envoy

UN ‘gravely concerned’ about South Sudan oil state fighting

South Sudan war: Child soldiers consumed by desire for retribution

Algerians casting their vote for president

Egypt jails ex-presidential hopeful for fraud

Jordan ‘destroyed’ combat vehicles entering from Syria

South Sudan army loses key oil town of Bentiu

Lebanon parliament soon to elect new president

Zarif to discuss Caspion Sea states in Russia

MERS spreading in Saudi Arabia

Algeria finally opens its piggybank to lure back exiled youth

Suicide bombs rock Ramadi government compound

Three Palestinians killed in Gaza blast

Peace talks delayed after Palestine blamed for fatal shooting

Palestinians clash with Israeli police in Al-Aqsa

Undercover New York police unit that spied on Muslims disbanded

British paedophile gets 20-year sentence in Morocco

Syria army fights its way into besieged Homs

Invisible Bouteflika urges Algerians to vote

Saudi Arabia replaces powerful intelligence chief

Benflis mobilizes ‘army’ to monitor Algeria election

Syria army advances on rebel-held neighbourhoods in Homs

Egypt court bans any Brotherhood candidacies in upcoming elections

Turkey rights groups sound alarm at plan to build gay-only prisons

Kuwait coup plot video ‘neither genuine nor reliable’

Iraq Kurdistan digs trench to prevent militant infiltration from Syria

Saudi urges stern world action against Syria

Zarif mission to mend Iran-Gulf ties begins in UAE

Results of Egypt vote appear before time in collection of signatures

South Sudan rebels demand firms end oil production

Jordan court sentences Syrian smugglers to five years in prison

Security concerns force Iraq to shut notorious Abu Ghraib prison

Turkey to social media companies: Open offices and pay taxes

Bashir bans political party meetings without permission

Shoes thrown at Jordan PM for ‘raising prices’

Jordan envoy to Libya abducted

US condemns ‘unconscionable’ threats against Libyan PM