Egyptian pound inches up against dollar in early Thursday trade    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Gold prices in Egypt edge higher on Wednesday, 12 Nov., 2025    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt joins Advanced Breast Cancer Global Alliance as health expert wins seat    Egyptian pound gains slightly against dollar in early Wednesday trade    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Libya oil crisis deepens as protesters shun talks
Protesters and locals deny that eastern terminals would reopen, extending Libya's oil crisis
Published in Ahram Online on 29 - 10 - 2013

Libya's oil crisis deepened on Tuesday after protesters blocking western fields shunned talks and locals denied that an eastern terminal would reopen, frustrating government efforts to end three months of disruptions.
Libya's oil exports have dropped to less than 10 percent of capacity or 90,000 barrels per day, Reuters calculations show, as renewed protests this week halted operations at western ports and fields, supporting global oil prices.
The head of Italy's Eni, the biggest foreign oil company in Libya and part owner of the Mellitah joint venture, said exports from Mellitah terminal had not been stopped though there was social unrest.
Traders, however, said crude oil loading remained suspended from both Zawiya and Mellitah ports in the west.
Natural gas exports are carried to Italy via pipeline and sources have said those supplies come mainly from an offshore field and have been steady for the last few weeks.
Libyan oil officials were not immediately available to comment on Libyan exports, but Oil Minister Abdelbari Arusi said on Monday overall production had sunk below 300,000 bpd.
Any imminent agreement to even partially resume exports appeared elusive.
Arusi paid an emergency visit to the western Sharara field on Monday and discussed pay increases with oil workers there. He was forced to leave without a deal, however, after local protesters refused to meet him.
"It is regrettable that we return to Tripoli without reaching an agreement with local protesters," the National Oil Corporation (NOC) website quoted Arusi as saying before he left.
"We came to clarify the future plans that the ministry has put in place to develop the area but they refused to meet us for reasons that are unrelated to the sector."
HARIGA PORT WON'T REOPEN
The government has relied on relatively stable revenue from its western ports in recent weeks while struggling to end protests blocking big facilities in the east, where some factions are demanding federal powers and a greater share of the country's oil wealth.
Libya had brought exports back to around 450,000 bpd over the last month, although that level was still far short of its pre-war export capacity of around 1.25 million bpd.
But the latest shutdowns, which began over the weekend, have extended the worst disruption in Libya's oil industry since the 2011 civil war. Only the offshore platforms, Bouri and Al Jurf, remain operational.
Reflecting how elusive a deal in the east is proving, a tribe controlling the 110,000 barrels per day Hariga terminal in Tobruk issued a statement denying that the port was about to be reopened.
The denial marked a further blow to the government's flagging credibility as Prime Minister Ali Zeidan had suggested on Monday that a deal to reopen Hariga could come within a week.
Oil is the main source of revenue for the North African country and the disruptions have cost the government billions of dollars.
The longer the disruptions last the harder it may become for the government to meet the demands of local interest groups who are blocking oil exports as a means of pressuring a government that has struggled to assert its authority in a country awash with guns and powerful militia.
The government in Tripoli has become increasingly isolated since early summer and has only limited resources to control disruptions outside the capital, as indicated by the fact that Zeidan was briefly kidnapped last month.
Gunmen stole $55 million in a heist on a van carrying local and foreign currency for the Libyan central bank in the coastal city of Sirte on Monday, state news agency Lana said.
http://english.ahram.org.eg/News/85072.aspx


Clic here to read the story from its source.