Quotes: US 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 side gave 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
 Oct 22 2014 - LFC anthem is HK protesters' new battle cryThe Peninsula
(MENAFN - The Peninsula) An anthem long embraced by Liverpool Football Club has become the latest battle line drawn between Hong Kong's pro-democracy protesters and the city's police.Demonstrators ...

 Oct 22 2014 - Qatar- QIA buys a fifth of Hong Kong retailerThe Peninsula
(MENAFN - The Peninsula) Qatar Investment Authority (QIA), sovereign wealth fund of Qatar, yesterday announced the acquisition of nearly 20 percent stake in Lifestyle International Holdings, a Hong ...

 Oct 22 2014 - Qatar- Sheikh Khalid selected to the board of Georgetown initiativeThe Peninsula
(MENAFN - The Peninsula) Sheikh Khalid bin Thani Al Thani (pictured), the chairman of Ezdan group and managing director of Qatar International Islamic Bank, is among the board members selected by ...

 Oct 22 2014 - Qatar- QIB net profit grows by 16pc to QR1.13bnThe Peninsula
(MENAFN - The Peninsula) Qatar Islamic Bank's (QIB) nine-month net profit, ended September 30, 2014, attributable to the shareholders reached QR1.13bn, representing a growth of 16 percent compared to ...

 Oct 22 2014 - Qatar- Real estate price index at all-time highThe Peninsula
(MENAFN - The Peninsula) Qatar's real estate price index hit an all-time high, surging a record 42 percent this September, compared to the same month last year. Qatar Central Bank's (QCB) quarterly ...

 Oct 22 2014 - Military strikes in Syria could fuel violence: UNThe Peninsula
(MENAFN - The Peninsula) United Nations Secretary-General Ban Ki-moon warned yesterday that a solely military response to the threat of Islamic State (IS) in Syria could fuel the radicalisation of ...

 Oct 22 2014 - New Israeli police unit to fight Jerusalem unrestThe Peninsula
(MENAFN - The Peninsula) Israel's top police officer yesterday pledged a new task force to combat Jerusalem unrest, after Palestinians hurled Molotov cocktails at an apartment taken over by Jewish ...

 Oct 22 2014 - Stop unilateral actions, Ban tells Israel and PalestiniansThe Peninsula
(MENAFN - The Peninsula) UN chief Ban Ki-moon urged Israel and the Palestinians yesterday to move away from unilateral actions stoking tensions and make the "tough compromises" needed to end their ...

 Oct 22 2014 - Qatari businesswoman wins Arab awardThe Peninsula
(MENAFN - The Peninsula) Ibtihaj Alahmadani, a prominent Qatari businesswoman and one of the 17 members on the Qatar Chamber board, has been awarded the Lifetime Achievement Award at Arab Woman ...

 Oct 22 2014 - Qatar- Electronic voting in ICBF pollThe Peninsula
(MENAFN - The Peninsula) Members of an Indian expatriate community's welfare organisation will elect its new head through electronic voting on Friday.Three candidates are in fray for the post of ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help