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 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.



  MENA News Headlines
 Oct 10 2015 - Al Masah plans USD299m healthcare expansion across GulfMENAFN
(MENAFN) Al Masah Capital Limited has revealed plans to invest around USD299 million to support the growth and regional expansion of its newly-rebranded healthcare private equity initiative.The ...

 Oct 10 2015 - UAE Eagle Hills starts work on USD3b Belgrade Waterfront projectMENAFN
(MENAFN) Eagle Hills, a UAE-based private investment and real estate development company has announced the start of construction of its flagship development in Belgrade.Belgrade Waterfront, the ...

 Oct 10 2015 - Dubai's hotel revenues down 10.1 percent in AugustMENAFN
(MENAFN) Four- and five-star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45.Figures from hospitality ...

 Oct 10 2015 - UAE-All Blacks look to perfect their edgeKhaleej Times
(MENAFN - Khaleej Times) Even without a limping Richie McCaw the All Blacks go into their final group game against Tonga insisting they are ready for the World Cup ...

 Oct 10 2015 - UAE-Work place etiquette to abide byKhaleej Times
(MENAFN - Khaleej Times) Last week I was invited to facilitate an Emotional Intelligence training programme for 22 participants at an interior decorating firm. Their ...

 Oct 10 2015 - Asiri hails UAE s role in Arab coalition says no safe havens to rebellious militiasEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 10th October 2015 (WAM) - Spokesman of the Saudi-led Arab coalition forces Ahmed Asiri has praised the played by the UAE in the coalition and the ...

 Oct 10 2015 - Hamdan bin Mohammed Launches 'Taqdeer Award' to Recognize Excellence in Labour Welfare PracticesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) - Crown Prince of Dubai: "The Award reflects the importance that Dubai places on ensuring progressive labour practices in line with global standards" - ...

 Oct 10 2015 - Saudi-Celebrity clockmaker thanks KSA on arrivalArab News
(MENAFN - Arab News)JEDDAH: Talented American student of Sudanese origin Ahmed Mohammed Al-Hassan arrived in Jeddah on Friday morning to perform Umrah and visit his relatives. The Kingdom last week ...

 Oct 10 2015 - Israelis worried but defiant amid wave of stabbingsGulf Times
(MENAFN - Gulf Times) Israelis are deeply unnerved in the midst of a spate of stabbings that have brought back memories of previous Palestinian uprisings, but say they are ready to "confront" any ...

 Oct 10 2015 - Kingdom job seekers' paradiseArab News
(MENAFN - Arab News)JEDDAH: The Eastern Province Riyadh and Jeddah are among the most sought after locations for job seekers in the Middle East North Africa (MENA) region a new study has found. The ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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