Libyan government officials said, Libya in the April 26 start operating in the country's energy companies to build a five billion U.S. dollars of the energy center.
The Energy Center is a Libyan national economic and social development funds and the Gulf of Bahrain Islamic investment bank, a loan company cooperative projects. Gulf loan will finance the project, the Energy Center will be built in the Libyan capital Tripoli, 43 miles west of the brink of the Mediterranean coastal areas.
Libyan company in charge of the national investment promotion said that the completion of the project will require 3-5 years, and the construction of the first phase of infrastructure will require 18 months.
Energy Center (or Energy Economic Zone) to oil and gas production companies, refining companies, as well as participation in shipping, energy trading and support services for the commercial infrastructure.
Libya plans to in 2012 before the country's crude oil output to double about to achieve this goal will require 30-40 billion U.S. dollars of investment. Libya also wants to be an important natural gas producing countries, Libya intends to 2010 the country's natural gas production from the current 2.7 billion cubic feet increased to 3000 million cubic feet in 2015 to reach 3.8 billion cubic feet.
Source: www.in-en.com Apr. 28, 2009
