BR100 Increased By (0.49%)
BR30 Increased By (0.59%)
KSE100 Increased By (0.54%)
KSE30 Increased By (0.55%)
AGHA 6.74 Increased By ▲ 0.13 (1.97%)
BECO 4.25 Increased By ▲ 0.04 (0.95%)
BML 56.00 Increased By ▲ 0.55 (0.99%)
BOP 28.86 Increased By ▲ 0.25 (0.87%)
CNERGY 12.48 Increased By ▲ 0.07 (0.56%)
CSIL 5.00 Increased By ▲ 0.02 (0.4%)
FCCL 51.45 Increased By ▲ 0.41 (0.8%)
FFL 13.94 Increased By ▲ 0.15 (1.09%)
FNEL 1.14 Increased By ▲ 0.03 (2.7%)
KEL 5.96 Increased By ▲ 0.07 (1.19%)
KOSM 5.37 Increased By ▲ 0.09 (1.7%)
LOTCHEM 26.36 Increased By ▲ 0.06 (0.23%)
MLCF 90.20 Increased By ▲ 0.81 (0.91%)
NBP 156.00 Increased By ▲ 0.82 (0.53%)
NCPL 50.25 Increased By ▲ 0.20 (0.4%)
NPL 54.05 Increased By ▲ 0.22 (0.41%)
OGDC 301.68 Increased By ▲ 1.29 (0.43%)
PACE 9.70 Increased By ▲ 0.12 (1.25%)
PAEL 33.51 Increased By ▲ 0.21 (0.63%)
PIBTL 13.93 Increased By ▲ 0.32 (2.35%)
PPL 217.86 Increased By ▲ 0.83 (0.38%)
PRL 94.05 Increased By ▲ 0.60 (0.64%)
PTC 56.79 Decreased By ▼ -0.39 (-0.68%)
SSGC 22.88 Increased By ▲ 0.30 (1.33%)
TBL 9.20 Increased By ▲ 0.01 (0.11%)
TELE 7.13 Increased By ▲ 0.07 (0.99%)
TPL 20.60 Decreased By ▼ -0.18 (-0.87%)
TPLP 12.35 Increased By ▲ 0.05 (0.41%)
TREET 24.24 Increased By ▲ 0.15 (0.62%)
TRG 54.73 Increased By ▲ 0.69 (1.28%)
Business & Finance

RWE's DEA mulls Libya re-entry

FRANKFURT : DEA, the oil and gas exploration arm of Germany 's RWE, said on Monday it was looking into returning staff
Published Updated

oilkFRANKFURT: DEA, the oil and gas exploration arm of Germany's RWE, said on Monday it was looking into returning staff to Libya who were flown out amid emerging unrest in February.

A spokeswoman in Hamburg said it was too early to say when the company may return all staff, adding DEA hoped that it could re-establish exploration in two fields and those previous contracts would be upheld.

"We are looking into the situation," she said.

DEA, which does not yet produce gas or oil in Libya, employs 100 people in the country but trimmed down to a core team of workers from the region in February.

The spokeswoman said DEA was not in contact with any interim government in Libya.

Rebels on Monday swept into the heart of Tripoli and crowds took to the streets to celebrate what they saw as the end of Muammar Gaddafi's four decades in power, with government tanks and snipers putting up only scattered resistance.

Wintershall, BASF's oil and gas unit, said it would communicate on Libyan plans later on Monday.

It stopped oil production amounting to 100,000 barrels per day (bpd) there in February.

Copyright Reuters, 2011

Comments

Comments are closed for this article.