Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Libya rebels to lift blockades of 2 oil terminals  Join our daily free Newsletter

MENAFN - AFP - 06/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Rebels seeking regional autonomy agreed Sunday to allow the reopening of two of four oil terminals in eastern Libya that they have blockaded since July, official news agency Lana reported.It said the announcement of a deal to reopen Zueitina and Al-Hariga terminals was made in Zueitina in the presence of government members and rebel chief Ibrahim Jodhran.The two sides have set a target of two to four weeks for a reopening of the other two terminals under blockade, at Ras Lanouf and Al-Sidra.Tripoli says the nine-month blockade of the export terminals has cost Libya more than 14 billion in lost oil revenues.The prospect of a return of Libyan oil to the market, after the blockade slashed exports from 1.5 million barrels a day to just 250,000, prompted a sharp dip in world prices on Thursday, before a rebound.With negotiations making progress, Libyan authorities on Monday released three rebels who had been detained on a tanker loaded with oil illegally loaded at one of the blockaded ports.Tripoli authorities deny there had been any direct talks with the rebels, insisting that negotiations had been conducted through intermediaries from the region's powerful tribes.Neither sidegave any details of the agreement under discussion.

But a source close to the negotiations said the rebels were demanding a referendum on restoring the autonomy that the eastern Cyrenaica region enjoyed for the first 12 years after Libyan independence in 1951.They were also demanding full back pay for their men, who were employed as security guards at the oil terminals before launching their blockade.The eastern oil terminals were a key battleground in the NATO-backed uprising that toppled and killed veteran dictator Moamer Kadhafi in 2011, changing hands several times before the rebels finally captured them.The source said that the talks were "serious" and that, if they bore fruit, it was proposed that the export terminal be the first to reopen.The head of the rebels' self-declared regional government, Jodhran, has said he decided to seek a solution "through dialogue to cut short foreign intervention".A Western diplomat in Tripoli said the rebels were "trying to find a way out of the crisis they created" with an abortive oil export attempt last month that prompted the intervention of the US Navy and a March 19 UN Security Council resolution outlawing all unauthorised Libyan oil exports.

 


AFP




  MENA News Headlines
 May 29 2016 - France to grant USD 75.5mn for Egyptian householdsMENAFN
(MENAFN) A USD 75.5mn grant from the French Development Agency (AFD) was confirmed by the cabinet in order to finance a mega-project in Egypt.Furthermore, the project plans to expand access to ...

 May 29 2016 - Reserved Modern Line SS 2016MENAFN Press
(MENAFN Press) Dubai, UAE, May 28, 2016:Created to combine trends and slight formalism, the Modern Line is a highlight in Reserved''s designer''s portfolio. This season it has been dominated by ...

 May 29 2016 - Omani Shipping Co. posts USD 180mn profitMENAFN
(MENAFN) Oman Shipping Co. (OSC) reported a USD 180mn profit in 2015, representing that this profit will be used to develop and expand the firm's business.Accordingly, the firms invest 20-30 percent ...

 May 29 2016 - Saudi, Qatar trade value touches USD 1.91bnMENAFN
(MENAFN) Qatar and Saudi Arabia are seeking to increase ties between them, in order to unfold new avenues of collaboration between both sides.Moreover, Qatar imports a number of items from Saudi ...

 May 29 2016 - FBC 70th badminton tournament concludesArab Times
(MENAFN - Arab Times) The Filipino Badminton Committee in Kuwait (FBC) concluded its 70th Badminton Tournament on Friday at the Kuwait Disabled Sports Club in Hawally with veteran and amateur ...

 May 29 2016 - Gas producers in need of cash too for investmentsArab Times
(MENAFN - Arab Times) The fall in oil prices since 2014 negatively impacted the financial condition of not only the oil companies but also the gas producers in the same way. Both are hungry for ...

 May 29 2016 - Fed rate hike likely appropriate in coming months: YellenArab Times
(MENAFN - Arab Times) "It's appropriate " for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," ...

 May 29 2016 - Kuwait bourse ends in green volume soarsArab Times
(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,396.67 points, up by 1.36% from the week before closing, the Weighted Index increased ...

 May 29 2016 - Syria rebels under fire from IS militants and govt troopsArab Times
(MENAFN - Arab Times) Islamic State militants entered a major Syrian opposition stronghold in the country's north on Saturday, clashing with rebels on the edges of the town as the extremist group ...

 May 29 2016 - Islamic State eyes on Euro '16Arab Times
(MENAFN - Arab Times) Islamic State militants have the Euro 2016 soccer tournament in their sights though there is no concrete evidence at the moment of an attack being planned, the head of Germany's ...

more...


 





Google

Join Our Newsletter

 
 

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