U.S.-Libya trade and business confidence has reached a new high, as U.S. companies show significant interest in doing business in Libya, according to Phoenicia Group, a U.S-Libya risk-management advisory firm. Chris Davies, chief executive of Phoenicia's event-management unit, which organizes government-led trade events in Libya, says, "Compared to just a year ago, we have seen huge increases in inquiries from U.S. companies wishing to do business in Libya, with a 200% increase in registrations for our U.S-Libya trade delegations." While the oil and gas sector remains the main focus for U.S companies, a lot of interest is coming from tourism, telecommunications, finance, construction, agribusiness, and defense and aerospace, Davies adds. Ryad Sunusi, president and chief executive of Phoenicia and a Libyan consultant and analyst, adds, "Outstanding prospects exist for U.S. exporters in advanced oilfield technology and services, medical equipment and hospital supplies, aviation, electric-power generations, transmission systems, computers and software services, security and safety equipments, telecommunications, water-resource equipment, farm machinery and agricultural commodities." For more on this, see the November issue of Oil and Gas Investor. For a subscription, call 713-260-6441.

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