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.- Washington '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
 Sep 2 2015 - Three key foreign currencies linked to Dubai real estate price declineThe Arabian Post
(MENAFN - The Arabian Post) Today, Phidar Advisory released its Q3 mid-quarter Dubai residential research note. The report shows that residential prices in the third quarter of 2015 continue to ...

 Sep 2 2015 - Gulf management need to take more risks and drive innovation, says global surveyThe Arabian Post
(MENAFN - The Arabian Post) Management in the Gulf need to take more risks and develop staff to think creatively, according to a new global innovation survey designed to help companies stop wasting ...

 Sep 2 2015 - Falling oil prices create headwinds for the UAE's real estate marketsThe Arabian Post
(MENAFN - The Arabian Post) UAE. With a 54% decline in the price of oil prices during the past 12 months the United Arab Emirates (UAE) real estate market is now beginning to feel the effect with ...

 Sep 2 2015 - India- Crop insurance period for non-loanee farmers extended till September 15KNN India
(MENAFN - KNN India) The Government has intended period of for non-loanee farmers form July 31, 2015 to September 15, 2015 under National Agricultural Insurance Scheme."This will benefit farmers of ...

 Sep 2 2015 - Moscow Denies Sending Warplanes to Syria to Fight DaeshQatar News Agency
(MENAFN - Qatar News Agency) A source in the Russian defense ministry denied today reports about Russia sending warplanes to Syria to fight Daesh.The source said in a statement to Russian television ...

 Sep 2 2015 - Israeli Occupation Forces Arrest 4 PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces arrested today two youths from Silat al-Harithiya and Kafr Dan villages, west of Jenin. They also arrested two boys from the town of Beit Ummar ...

 Sep 2 2015 - Qatar- Real Estate Trades Exceeded QR 500 Million Last WeekQatar News Agency
(MENAFN - Qatar News Agency) The total trading value in real estate sales contracts registered with the Land Registry Department of the Ministry of Justice during the period August 23-27 reached QR ...

 Sep 2 2015 - Qatar Development Bank Launches Al-Fikra CompetitionQatar News Agency
(MENAFN - Qatar News Agency) Qatar Development Bank (QDB) announced today the launch of the fourth edition of Al-Fikra competition for start-ups, in collaboration with a host of sponsors and ...

 Sep 2 2015 - Qatar's Fertilizer Output Triples in a Decade Says GPCA ReportQatar News Agency
(MENAFN - Qatar News Agency) Qatar accounts for the second largest share of fertilizer production at 10.7 million tonnes in the GCC, according to the GPCA's Fertilizers Indicators report. Qatari ...

 Sep 2 2015 - Qatar- Economy and Commerce Ministry Recalls 2014-2015 Jeep Cherokee CarsQatar News Agency
(MENAFN - Qatar News Agency) The Ministry of Economy and Commerce, in cooperation with Jeep dealer, recalled 2014-2015 models of Jeep Cherokee due to a defect in the operation of the airbag ...

more...


 






Google

Click to Apply

 
 

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