Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Libya threatens to bomb N.Korean ship over 'illegal' oil  Join our daily free Newsletter

MENAFN - AFP - 08/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Libya threatened to bomb a North Korean-flagged tanker at an oil terminal held by militants in the restive east, saying it was being loaded illegally.Separatists blockading Al-Sidra facility attempted to load crude aboard the Morning Glory in the latest challenge to central government control."The attorney general has given the order for the ship to be stopped," Prime Minister Ali Zeidan told a news conference."All parties must respect Libyan sovereignty. If the ship does not comply, it will be bombed," he said.Zeidan said the authorities had told the vessel's captain to leave Libyan territorial waters, but he said armed gunmen on board were preventing him from leaving.The self-proclaimed government of Cyrenaica in the east, the political wing of the separatists, said oil exports from Al-Sidra had now begun. "We announce to Libyans and to the whole world that we have begun exporting oil," said Rabbo al-Barassi, who heads the Cyrenaica executive bureau formed in August by federalist activists.

"We are not defying the government or the Congress (parliament). But we are insisting on our rights," he said.Protesters at the eastern oil ports are demanding a restoration of the autonomy the eastern region was granted in the first decade after Libya's independence in 1951.They have also accused the authorities of corruption and are demanding a more equitable distribution of oil revenues.Deputy Defence Minister Khaled al-Sherif told AFP a "crisis committee" of government officials and lawmakers had issued an ultimatum for the oil tanker to depart."If the ship doesn't comply, it will be bombed by the air force or intercepted at sea by the navy," Sherif warned.An MP and committee member said the 2:00 pm (1200 GMT) deadline expired without any action being taken, however.Washington's envoy to Tripoli warned on Twitter that any cargo deemed to have been loaded illegally would face international sanction."Companies that engage in illicit trade with separatist groups in Libya risk liability in multiple jurisdictions," US Ambassador Deborah Jones tweeted."The only entities authorised to sell Libya's oil are the Libyan National Oil Corp. & its subsidiaries JV partners," she added.- 'Act of piracy' -

Earlier, a member of the energy committee in Libya's interim parliament, the General National Congress, said the Morning Glory had anchored at Al-Sidra at 4:00 am (0200 GMT).Militants seeking autonomy for Libya's east were trying to load petroleum "outside the framework of the state", he added, speaking on condition of anonymity.Acting Oil Minister Omar Shakmak denounced the move as an "act of piracy"."This is a violation of national sovereignty. It is up to the defence ministry to deal with this ship," he told AFP, without elaborating.The oil crisis erupted in July, when security guards at key terminals shut them down, accusing the authorities of corruption and demanding a more equitable distribution of oil revenues.The situation has become more complicated as self-rule activists have insisted on the right to export.Saturday's incident was the latest in a stand-off over the North African country's principal source of revenue.Oil installation guards initially launched the blockade of key sites over price hikes but later also to call for autonomy for Cyrenaica, cradle of the 2011 revolt that toppled Moamer Kadhafi.In January, the navy prevented two tankers from docking in Al-Sidra to take on crude. The government also threatened to bomb any ships attempting to dock without permission from the National Oil Corporation.Following the blockade, production plunged to around 250,000 barrels per day from 1.5 million bpd, and the economy ministry estimated the treasury has lost more than 9 billion (6.5 billion euros) in revenue.Production has since recovered to 546,000 bpd, but the crisis continues to take hit state coffers.With independence after World War II, Libya was divided into three regions -- Cyrenaica in the east, Fezzan in the southwest and Tripolitania in the north.Those regions were done away before Kadhafi seized power in 1969, but they were not forgotten.On Saturday, Cyrenaica's Barassi insisted his group did not seek the partition of Libya. "Oil revenues will be shared by the three regions," he said.

 


AFP




  MENA News Headlines
 Mar 30 2015 - '3' Movie-Centric Crime DramaArab Times
(MENAFN - Arab Times) The story of a hotly coveted unproduced screenplay that itself could use some drastic revisions, "3 Holes and a Smoking Gun" proves that there's a chasm-wide difference between ...

 Mar 30 2015 - Arnie's Back For High-Octane 'Terminator: GenisysArab Times
(MENAFN - Arab Times) As promised, the Terminator and the man who originated the steely machine - Arnold Schwarzenegger - are back this summer for another go in "Terminator: Genisys," and Paramount ...

 Mar 30 2015 - Special Chemistry In 'Duets'Arab Times
(MENAFN - Arab Times) Kevin Eubanks has gotten his jazz groove back since stepping down as "Tonight Show" band leader in 2010. On "Duets," he teams with fellow guitar virtuoso Stanley Jordan for an ...

 Mar 30 2015 - Lamar's 'Butterfly' Flutters To No. 1 On US Album ChartArab Times
(MENAFN - Arab Times) It's been a tumultuous week for fans of pop music. From the highs of the lineups announced for Lollapalooza and Outside Lands to the low of the announcement of Zayn Malik's ...

 Mar 30 2015 - AFA Macau Hosts Asian Film AwardsArab Times
(MENAFN - Arab Times) Chinese cinema's leading lights dominated the winners' podium at the starstudded Asian Film Awards on Wednesday, with local stars scooping three of the four top prizes in the ...

 Mar 30 2015 - Pyramide Takes Sales On 'Clash'Arab Times
(MENAFN - Arab Times) French sales company Pyramide International has taken world sales on Egyptian auteur Mohamed Diab's timely Islamic fundamentalism-themed thriller "Clash," now set to start ...

 Mar 30 2015 - CNOOC surprises with 6.6% gain in profitArab News
(MENAFN - Arab News) Cnooc Ltd., China's biggest offshore explorer, reported a 6.6 percent increase in full-year profit Friday, beating the plunge in crude prices that has hit explorers across the ...

 Mar 30 2015 - Pakistan Troops Kill 15 Militants In Gun BattleArab Times
(MENAFN - Arab Times) Pakistani troops killed 15 militants in a clash early Saturday in the Khyber tribal region near the Afghan border as part of a major anti-insurgent offensive, the military ...

 Mar 30 2015 - Fifteen Kuwaiti Jets Join Saudi-Led Airstrikes Against Yemen HouthisArab Times
(MENAFN - Arab Times) The air base, Al-Dailimi, located in the Yemeni capital Sanaa, was repeatedly struck by military aircraft of the GCC-Arab alliance and navigation via the air facility has ...

 Mar 30 2015 - Podolski Spares German Blushes Against AustraliaArab Times
(MENAFN - Arab Times) Substitute Lukas Podolski grabbed an 81st-minute equaliser to rescue a 2-2 draw for 2014 World Cup winners Germany in an entertaining friendly against Asian champions Australia ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help