Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

West urges rapid opening of ports under Libya oil deal  Join our daily free Newsletter

MENAFN - AFP - 07/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Western states on Monday called for a rapid reopening of oil terminals in eastern Libya after rebels agreed to gradually lift a nine-month blockade.The rebels seeking regional autonomy agreed Sunday to allow the reopening of two of four oil terminals which they have blockaded since July.The blockades have denied the country vital revenues, as the weak central government struggles to impose law and order following the 2011 uprising that ended Moamer Kadhafi's four-decade reign. Britain, France, Germany, Italy and the United States, in a joint statement issued in Tripoli, welcomed the agreement."Our governments call on all parties concerned to implement the agreement in full and as quickly as possible," they said.They called for "the prompt establishment of a transparent and inclusive national dialogue that includes particular focus on the fundamental national and regional questions involving Libya's resources."The deal allows for the immediate reopening of the Zueitina and Al-Hariga terminals, which have a combined oil export capacity of 210,000 barrels per day (bpd). The agreement aims for a lifting of the blockade of Ras Lanouf and Al-Sidra ports, which together have a 550,000 bpd capacity, within two to four weeks.A government spokesman, Ahmed Lamin, told AFP that Zueitina and Al-Hariga were returned to the control of Libyan authorities on Sunday, although no obvious changes were observed at the two ports.Global oil prices weakened on Monday after the agreement struck in Libya.Tripoli says the blockade of the export terminals has cost Libya more than 14 billion in lost oil revenues, slashing exports from 1.5 million to 250,000 bpd.The rebels have demanded a referendum on restoring the autonomy that the eastern Cyrenaica region enjoyed for the first 12 years after Libyan independence in 1951.They have also sought full back-pay for their men, who were employed as security guards at the oil terminals before launching their blockade.Details of Sunday's agreement were kept under wraps.The eastern oil terminals were a key battleground in the NATO-backed uprising that saw Kadhafi toppled and killed in 2011.A Western diplomat said the rebels were "trying to find a way out of the crisis they created" with an abortive oil export bid on a rogue tanker last month.The US Navy intercepted the tanker and returned it to Libya, and the UN Security Council on March 19 passed a resolution banning all unauthorised Libyan oil exports.


 






  MENA News Headlines
 Sep 1 2014 - Qatar- Summary of Local News Released SundayQatar News Agency
(MENAFN - QNA) A summary of local news released Sunday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent on Sunday a cable of congratulations to Peresident of Kyrgyzstan ...

 Sep 1 2014 - China to become GCC's biggest oil importerMENAFN
(MENAFN) China is set to depend heavily on the capacity of the Gulf Cooperation Council (GCC) to provide a stable flow of oil for the next ten years, Saudi Gazette reported.The deal earlier announced ...

 Sep 1 2014 - Kazakhstan to boost bilateral ties with OmanMENAFN
(MENAFN) Kazakhstan expressed its aims to boost bilateral relations with Oman with increased diplomatic visits and trade relations, Oman Observer reported.The Sultanate has contributed to ...

 Sep 1 2014 - Qatar- Summary of Local News Released Sunday - 1-Qatar News Agency
(MENAFN - QNA) - The Qatar Philharmonic Orchestra will travel to the Royal Albert Hall in London next month to perform at the BBC Proms. The orchestra will perform the music of Sergei Rachmaninoff, ...

 Sep 1 2014 - 'City of Light' could recapture an intellectual leadership roleArab News
(MENAFN - Arab News) The holy city of Madinah has found a special place in World Economic Forum's report of the global agenda council on competitiveness.The report titled 'The Competitiveness of ...

 Sep 1 2014 - Final agreement for USD2b Omagine project near signingMENAFN
(MENAFN) A final agreement regarding the establishment of the Omagine real estate, tourism and entertainment project, which would cost USD2 billion and planned to be near Muscat International ...

 Sep 1 2014 - Global PTFE Market to Reach USD 6,440.0 Million by 2020MENAFN Press
(MENAFN Press) Global PTFE sales were estimated at USD 3,465.0 million in 2012, and are expected to reach USD 6,440.0 million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to new ...

 Sep 1 2014 - Dubai set to stage Gary Barlow show in OctoberKhaleej Times
(MENAFN - Khaleej Times) Why the news of one pop concert in Dubai has wider (and happier) implications according to Adam Zacharias And so it begins.Earlier this week on my drive to work I heard on ...

 Sep 1 2014 - UAE- I always turned up with a couple of tapes: DJ NazKhaleej Times
(MENAFN - Khaleej Times) DJ Naz resident spinner at Toro Toro in Grosvenor House Dubai tells us about his musical beginnings and why hed like to follow in the footsteps of Ibn Battuta DJ style: ...

 Sep 1 2014 - UAE- Western Sydney Wanderers to feature in Al Jaziras IPIC CupKhaleej Times
(MENAFN - Khaleej Times) Western Sydney Wanderers who saw the back of last years champions Guangzhou Evergrande are set to touchdown in Dubai on Sunday.Ammar Bashir and Ali Al Nuaimi addressing the ...

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