Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Tanker escapes to sea with cargo of Libyan rebel oil  Join our daily free Newsletter

MENAFN - AFP - 11/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) A North Korean-flagged tanker laden with oil from a rebel-held terminal in eastern Libya slipped the warships deployed to intercept it and escaped to sea on Tuesday, MPs said.The Morning Glory, which docked in Al-Sidra on Saturday and is reported to have taken on at least 234,000 barrels of crude, is the first vessel to have loaded oil from a rebel-held terminal since the revolt against the Tripoli authorities erupted last July.The central government had threatened armed action, even an air strike, to prevent the tanker getting away with its cargo of oil bought from the rebels' self-declared autonomous regional government without the authorisation of the state-owned Libyan National Oil Corporation.But members of the General National Congress, Libya's highest political authority, said that bad weather prevented the navy's small vessels from following the huge ship out into the Mediterranean.

"The oil tanker took advantage of poor weather conditions to head for the open sea. The ships that were surrounding it were not in a position to follow," one GNC member told AFP.Abdelkader Houili, who sits on the GNC's energy committee, told Al-Nabaa television that the navy's warships, which mainly consist of fast patrol boats, had been forced to sail close to the coast because of the weather."The tanker then took advantage of the gap to head for the open sea," he said.The Morning Glory's escape is a new humilation for the Tripoli authorities who have been battling to assert control over much of the country since the NATO-backed 2011 revolt that ended the 42-year dictatorship of Moamer Kadhafi.In eastern Libya in particular, a myriad of former rebel militias, Islamist as well as regionalist, have carved out their own fiefdoms. There have been almost daily attacks on security and other government personnel in the region's main towns.Former rebels calling for the restoration of the autonomy that Cyrenaica enjoyed for the first 12 years after Libyan independence in 1951, seized control of eastern export terminals last July.- Waington 'deeply concerned' -

They have made several attempts to export crude through their own oil company but the Morning Glory is the first to have successfully taken on crude."We are not demanding the breakup of the country," the head of the federalists' self-declared autonomous government, Abdrabbuh al-Barassi, said on Saturday. "The oil revenues would be split between the three autonomous regions," he said, promising that all sales would be carried out with complete transparency. But Washington said on Sunday that it was "deeply concerned" over the loading of "illicitly obtained" oil."This action is counter to law and amounts to theft from the Libyan people," State Department spokeswoman Jen Psaki said."The oil belongs to the Libyan National Oil Company and its joint venture partners."Warships had deployed to block the Morning Glory after Culture Minister Amin al-Habib warned on Sunday the tanker would be "turned into a pile of metal" if it tried to leave port.

The GNC said a task force composed of both regular troops and ex-rebel militia was being formed to bring the rebel ports back under central government control within a week.But analysts warned that any resort to force risked plunging Libya back into civil war and wreaking major damage to the country's key oil infrastructure.The standoff between the Tripoli authorities and the eastern rebels has already slashed Libyan oil exports from 1.5 million barrels per day to just 250,000, dealing a massive blow to the North African country's key revenue earner.The simmering tensions in Libya helped push up oil markets Tuesday with New York's main contract, West Texas Intermediate (WTI) for delivery in April, gaining 19 cents to 101.31 a barrel."Libya continues to support prices as well, with the threat to sink a North Korean tanker if it loads oil from a rebel held port being taken seriously in the markets,'' said analyst Joe Conlan at energy consultancy Inenco

 


AFP




  MENA News Headlines
 Jun 25 2016 - Clouds Interiors, an Interior Design Company in Doha Qatar, is Now Offering Office Interior DesignsMENAFN Press
(MENAFN Press) --> DOHA, Qatar, June 25, 2016 /PRNewswire/ -- The founders of Clouds Interiors, a company that offers interior design Qatar business owners can rely on, are pleased to announce that ...

 Jun 25 2016 - IOM Responds to Malaria Upsurge in Bentiu, South SudanMENAFN Press
(MENAFN Press) IOM Responds to Malaria Upsurge in Bentiu, South Sudan GENEVA, Switzerland, June 24, 2016/APO (African Press Organization)/ -- IOM is scaling up resources to respond to an upsurge in ...

 Jun 25 2016 - Mediterranean Migrant Arrivals in 2016: 214,861 Deaths: 2,861MENAFN Press
(MENAFN Press) Mediterranean Migrant Arrivals in 2016: 214,861; Deaths: 2,861 GENEVA, Switzerland, June 24, 2016/APO/ -- IOM reports an estimated 214,861 migrants and refugees entered Europe by sea ...

 Jun 25 2016 - New Fantasy Novel by D.L. Jordan Hailed as the Next Harry PotterMENAFN Press
(MENAFN Press) The Genesis of Destiny, a book by author D.L. Jordan is being compared to Harry Potter and is set to captivate young adults and adults alike. The Genesis of Destiny: Book 1: The ...

 Jun 25 2016 - Thousands of Nigerian Refugees Fleeing Boko Haram in 'Dire Health Situation'Morocco World News
(MENAFN - Morocco World News) Medicins Sans Frontieres reported Thursday that almost 200 Nigerian refugees have died from starvation and malnutrition in the past month while in the Bama refugee camp. ...

 Jun 25 2016 - AfDB Approves $134 Million Loan to Support Morocco's Social Sectors GovernanceMorocco World News
(MENAFN - Morocco World News) ;">Abidjan – The African Development Bank (AfDB) approved, Wednesday in Abidjan, a loan of $134.65 million to support Morocco''s social sectors governance. The ...

 Jun 25 2016 - The Moroccan Antiquated TelevisionMorocco World News
(MENAFN - Morocco World News) Some years ago, the late Larbi Messari, journalist, newspaper editor and former minister of communication told the press that Moroccans were ''audio-visual migrants'' ...

 Jun 25 2016 - SCOTUS Ruling on SDVOSBVOSB Companies Serving the Dept of Veterans AffairsMENAFN Press
(MENAFN Press) SCOTUS Ruling on SDVOSB / VOSB Companies Serving the Dept of Veterans Affairs Centered by Patient Care, Driven by Innovation Veterans Serving Veterans Our team has decades of ...

 Jun 25 2016 - Adipic Acid Market Research Value Analysis and Forecasts to 2021MENAFN Press
(MENAFN Press) Adipic Acid Market Research Value Analysis and Forecasts to 2021 ReportsWeb added report on "Global Adipic Acid Consumption 2016 Market Research Report'', the report comprises ...

 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

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