10.11.2008 - GFH unveils $5bln energy city Libya
From Gulf-daily-news.com: Bahrain-based Gulf Finance House (GFH) yesterday unveiled the master plan for Energy City Libya. The $5 billion Energy City Libya, the latest in their series of Energy City projects in Qatar, India and Kazakhstan will take shape on 6sq/km of land on the shores of the Mediterranean city of Sabratha. With approximately 40bln barrels of oil reserves, Libya boasts the largest proven reserves in Africa in addition to considerable gas resources, offering a multitude of commercial opportunities to the world's leading names in the energy sector..... Full Article: Source