Libya’s oil industry will need at
least $25 billion in investment to increase its oil production
to 2 million barrels a day, the chairman of drilling-rig
operator Challenger Ltd. said.
“Fields need to be developed, others redeveloped,” Hassan
Tatanaki said in a telephone interview today. “The Libyan oil
industry needs a lot of revamping. We have to reinvest to be
able to get the proper cost effective amount into the industry
in terms of the country’s production level.”
The armed conflict in Libya, holder of Africa’s largest
proven reserves, has reduced the nation’s output to 100,000
barrels a day in July from the 1.6 million barrels pumped before
the uprising started in February. A full recovery of production
may take as long as three years, according to analyst estimates.
Tatanaki, 53, said he intends to play a role in rebuilding
Libya’s oil industry, of which Challenger’s 35 rigs across the
country “are the core.” His Libya El Hurra charity, set up
shortly after the unrest began, has been providing humanitarian
aid and relief to refugees and those displaced by the conflict
in Libya operating out of Egypt, Tunisia, Libya and the U.S. continue reading
Wednesday, August 27, 2014
New channel for moderate Islam to be launched
Al-Azhar announces launch of new satellite channel to challenge extremist distortions of Islam.
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Middle East Online
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By Paul Schemm - CAIRO
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A
group of Muslim clerics connected with Egypt's prestigious Al-Azhar
University have announced the creation of a new satellite channel to
propagate moderate Islam and challenge what it describes as extremist
distortions of the religion.
The announcement comes just ahead of President Barack Obama's address Thursday to the Muslim world from Cairo in a speech co-sponsored by Al-Azhar University, Sunni Islam's premier educational institution. Sheik Khaled el-Guindy, a member of Egypt's Supreme Council of Islamic Affairs and a driving force behind the "Azhari" channel, said the idea is to use the knowledge and skills of Al-Azhar graduates to combat ignorant interpretations of the religion. "Azhari will promote the idea that Islam is a religion of moderation free from extremism," he told The Associated Press on Tuesday. "Several satellite channels right now promote a strict interpretation of Islam and issue incorrect religious opinions that fill young people with extremist ideas." read more |
Exclusive- Another Libyan Club Chases Kotoko Striker Seidu Bancey
Ghana league top scorer Asante Kotoko could be on his way out
the club at the end of the season after top Libyan outfit Al Ahli SC of
Benghazi offered a mouth-watering offer for the hitman,
Ghanasportsonline.com can exclusively reveal.
The striker's contract, Ghanasportsonline.com understands has a year left and the Asante Kotoko chiefs are quietly confident of him signing a new deal but the offer will obviously deril their plans.
Bancey has been watched by the Benghazi-based side for months and they lodged a fresh inquiry this week, according to reports.
Al Ahli Benghazi, owned by Libyan Billionaire business mogul and philantrophist Hassan Tatanaki have made the ex Edubiase marksaman their first-choice target to strengthen their attack at the resumption of the Libyan league. read more
The striker's contract, Ghanasportsonline.com understands has a year left and the Asante Kotoko chiefs are quietly confident of him signing a new deal but the offer will obviously deril their plans.
Bancey has been watched by the Benghazi-based side for months and they lodged a fresh inquiry this week, according to reports.
Al Ahli Benghazi, owned by Libyan Billionaire business mogul and philantrophist Hassan Tatanaki have made the ex Edubiase marksaman their first-choice target to strengthen their attack at the resumption of the Libyan league. read more
Libya Awalan TV joins CNN’s global affiliate network
Deborah Rayner, VP and managing editor at CNN
International, said: “Libya Awalan’s bravery and commitment to
independent journalism during the conflict in Libya was an example to
any news network, and their ongoing commitment to serious reporting is
there for all to see. They will be valuable partners to CNN
International and we’re delighted to be welcoming them to our affiliate
family.”
Hassan Tatanaki, founder and chairman of Libya Awalan TV, added: “CNN is the original 24-hour news channel and a network that continues to set the standard in global news. It has a long-standing presence in and passion for our region, so to become part of its affiliate network is a proud moment for us as a young channel. We hope we can make a strong contribution to CNN’s reporting in a new and free Libya and beyond.” read more
Hassan Tatanaki, founder and chairman of Libya Awalan TV, added: “CNN is the original 24-hour news channel and a network that continues to set the standard in global news. It has a long-standing presence in and passion for our region, so to become part of its affiliate network is a proud moment for us as a young channel. We hope we can make a strong contribution to CNN’s reporting in a new and free Libya and beyond.” read more
Tuesday, August 26, 2014
Libya Needs $25 Billion in Investments for Oil Production, Challenger Says
Libya’s oil industry will need at
least $25 billion in investment to increase its oil production
to 2 million barrels a day, the chairman of drilling-rig
operator Challenger Ltd. said.
“Fields need to be developed, others redeveloped,” Hassan Tatanaki said in a telephone interview today. “The Libyan oil industry needs a lot of revamping. We have to reinvest to be able to get the proper cost effective amount into the industry in terms of the country’s production level.”
The armed conflict in Libya, holder of Africa’s largest proven reserves, has reduced the nation’s output to 100,000 barrels a day in July from the 1.6 million barrels pumped before the uprising started in February. A full recovery of production may take as long as three years, according to analyst estimates.
Tatanaki, 53, said he intends to play a role in rebuilding Libya’s oil industry, of which Challenger’s 35 rigs across the country “are the core.” His Libya El Hurra charity, set up shortly after the unrest began, has been providing humanitarian aid and relief to refugees and those displaced by the conflict in Libya operating out of Egypt, Tunisia, Libya and the U.S.
“Fields need to be developed, others redeveloped,” Hassan Tatanaki said in a telephone interview today. “The Libyan oil industry needs a lot of revamping. We have to reinvest to be able to get the proper cost effective amount into the industry in terms of the country’s production level.”
The armed conflict in Libya, holder of Africa’s largest proven reserves, has reduced the nation’s output to 100,000 barrels a day in July from the 1.6 million barrels pumped before the uprising started in February. A full recovery of production may take as long as three years, according to analyst estimates.
Tatanaki, 53, said he intends to play a role in rebuilding Libya’s oil industry, of which Challenger’s 35 rigs across the country “are the core.” His Libya El Hurra charity, set up shortly after the unrest began, has been providing humanitarian aid and relief to refugees and those displaced by the conflict in Libya operating out of Egypt, Tunisia, Libya and the U.S.
Challenger Limited announces the closing of a major international partnership deal
Mr. Hassan Tatanaki, Chairman of Challenger Limited, declared that " In view of the
vast opportunities of high growth in the MENA region, we along with our
partners have decided to go into partnership with one of the
best-regarded companies in the oil drilling industry; namely Bronco
Drilling Company. This partnership will energize and undoubtedly
increase our capacity to expand Challenger activities in both scope and
scale. This was based on our full confidence and faith in the investment
model and general direction". Mr. Tatanaki said that "This transaction
shows that the growing cooperation amongst Libya, the U.S., and the
Middle East, is creating an attractive investment environment for U.S.
and International companies".
Mr. Tatanaki went on to say "We are very happy that Challenger has attracted foreign investments into Libya, especially from a prominent company in the oil industry like Bronco. We are very proud of this partnership and strongly believe that it will be the starting point for many other foreign investments to be made in the services sector in Libya".
In conjunction with these partnership transactions, it was agreed that Challenger will acquire four additional land drilling rigs and ancillary equipment from Bronco to be paid for in installments. Challenger and Bronco also agreed to enter into a number of services and management agreements under which Challenger will engage Bronco to provide broad-based technical and managerial support services bringing more International expertise to the already International name of Challenger Limited.
Frank Harrison, Chief Executive Officer of Bronco stated, "We have been diligently working on expanding the company internationally and are very pleased to have reached this agreement with Challenger. This transaction allows us to deploy a portion of our fleet abroad that is not ideally suited for the unconventional drilling which dominates activity in the United States and also provides the company greater exposure to oil. The MENA area has become a region of tremendous growth and opportunity and we are excited about participating in its potential. We are confident that the combination of Bronco and Challenger will create a formidable contractor in the MENA market and beyond." read more
Mr. Tatanaki went on to say "We are very happy that Challenger has attracted foreign investments into Libya, especially from a prominent company in the oil industry like Bronco. We are very proud of this partnership and strongly believe that it will be the starting point for many other foreign investments to be made in the services sector in Libya".
In conjunction with these partnership transactions, it was agreed that Challenger will acquire four additional land drilling rigs and ancillary equipment from Bronco to be paid for in installments. Challenger and Bronco also agreed to enter into a number of services and management agreements under which Challenger will engage Bronco to provide broad-based technical and managerial support services bringing more International expertise to the already International name of Challenger Limited.
Frank Harrison, Chief Executive Officer of Bronco stated, "We have been diligently working on expanding the company internationally and are very pleased to have reached this agreement with Challenger. This transaction allows us to deploy a portion of our fleet abroad that is not ideally suited for the unconventional drilling which dominates activity in the United States and also provides the company greater exposure to oil. The MENA area has become a region of tremendous growth and opportunity and we are excited about participating in its potential. We are confident that the combination of Bronco and Challenger will create a formidable contractor in the MENA market and beyond." read more
INTERVIEW - Egypt's al-Azhar to launch Islamic TV channel
Azhari TV was first launched following US President Barack Obama's address to the Muslim World in June 2009 where he called for a dialogue based on mutual respect and understanding between people of different faiths.
One year later, Azhari TV, the educational and entertainment satellite channel created to promote moderate Islam, has decided to expand.
“[Through Azhari TV] we're trying to show the people in the west and the rest of the world that the problem isn't in Islam but it's the misinterpretations by certain people that's the problem,” said Hassan Tatanaki, chairman of Azhari TV, in an interview with Daily News Egypt.
The satellite channel was founded with the aim of promoting a moderate interpretation of Islam and intends to counter extremist rhetoric which they saw dominating the debate.
Breaking language barriers
Operating on a new channel, Azhari TV 2, the dub of the Arabic language channel's original content into four additional languages, will enable the station to reach homes across Europe and Asia, spreading its message of reason and tolerance.
The channel aims to serve as a direct counterweight to more confrontational and aggressive interpretations of Islam that have proliferated in the last several years and exacerbated the turmoil that has plagued much of the Muslim world.
Through the expansion, Azhari will be reaching non-Arab Muslims that don't have access to a correct interpretation of Islam because they are limited to certain outlets. continue reading
Sunday, August 24, 2014
Journalists & Media: Sheikh al-Guindy: Azhar University to Launch Satellite Channel
Egypt's seat of Islamic learning, al-Azhar University, will launch a
satellite channel it claims will give the world a better understanding
of Islam and counter some Islamic outlets preaching "extremist
dialogue".
Sheikh Khaled Al-Guindy, a scholar at al-Azhar mosque and university, said the new channel would reach out to the world's Muslims and non-Muslims alike.
The channel will broadcast 75 percent of its output in Arabic, with the rest initially in English and French. Other languages will be added next year.
Al-Azhar, one of the oldest institutions in Sunni Islam, is headed by Sheikh Mohamed Sayed Tantawi, who is selected by Egypt's president. The institution receives most of its funding from the Egyptian state.
"In the Age of Obama we realized it was time to look at new ways to deliver our message," Guindy said, four days before U.S. President Barack Obama visits Egypt to address the Muslim world.
"We cannot have a conversation with ourselves. We will include politicians, actors, thinkers, writers and all religions in our dialogue," he told Reuters in an interview.
The launch is planned for the start of Ramadan, the Muslim month of fasting and religious reflection, that begins in mid- August.
The channel, to be called Azhari, has received initial funding of 15 million Egyptian pounds ($2.7 million) from Libyan businessman Hassan Tatanaki, who estimated annual operating expenses at around $2.5 million.
"Associating with al-Azhar is the ultimate in the sense of promoting the proper interpretation of the religion," Tatanaki said.
source: http://libyanhassantatanaki.blogspot.com/2014/08/journalists-media-sheikh-al-guindy.html
Sheikh Khaled Al-Guindy, a scholar at al-Azhar mosque and university, said the new channel would reach out to the world's Muslims and non-Muslims alike.
The channel will broadcast 75 percent of its output in Arabic, with the rest initially in English and French. Other languages will be added next year.
Al-Azhar, one of the oldest institutions in Sunni Islam, is headed by Sheikh Mohamed Sayed Tantawi, who is selected by Egypt's president. The institution receives most of its funding from the Egyptian state.
"In the Age of Obama we realized it was time to look at new ways to deliver our message," Guindy said, four days before U.S. President Barack Obama visits Egypt to address the Muslim world.
"We cannot have a conversation with ourselves. We will include politicians, actors, thinkers, writers and all religions in our dialogue," he told Reuters in an interview.
The launch is planned for the start of Ramadan, the Muslim month of fasting and religious reflection, that begins in mid- August.
The channel, to be called Azhari, has received initial funding of 15 million Egyptian pounds ($2.7 million) from Libyan businessman Hassan Tatanaki, who estimated annual operating expenses at around $2.5 million.
"Associating with al-Azhar is the ultimate in the sense of promoting the proper interpretation of the religion," Tatanaki said.
source: http://libyanhassantatanaki.blogspot.com/2014/08/journalists-media-sheikh-al-guindy.html
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