Tags: Libya | rebels | oil

Libyan Rebels Say Two Oil Ports Reopened After Yearlong Blockade

Wednesday, 02 Jul 2014 08:55 AM

Rebels who helped decimate Libyan oil production by blockading eastern ports said the nation’s largest and third-largest export facilities can ship crude again, in a gesture of support for the newly elected parliament.

Es Sider and Ras Lanuf, which have combined capacity of 560,000 barrels a day, will reopen today, according to Ali Al-Hasy, a spokesman for the rebels’ Executive Office for Barqa. Libya’s state-run National Oil Corp. hasn’t been informed of the move, said Mohamed Elharari, company spokesman. The two terminals would increase Libya’s crude-export capacity almost five-fold.

 

“The Petroleum Facilities Guards in Es Sider and Ras Lanuf have been instructed to allow the two ports to resume operations,” Al-Hasy said by phone from eastern Libya. “This is an initiative from the Executive Office for Barqa to welcome the newly elected parliament that includes well-known patriots, and to encourage them to fight corruption and protect the natural resources of the nation.”

The self-declared Executive Office for Barqa seeks self- rule for the eastern region of Libya known also as Cyrenaica. It occupied oil ports in the region at the end of July 2013, demanding an oil-revenue-sharing agreement to make up for the neglect the area experienced under Moammar Gadhafi’s 42-year rule.

Libya is now producing about 320,000 barrels a day, or about a fifth of its output before Gadhafi was overthrown in 2011, according to state-run National Oil Corp.

Government representatives including Justice Minister Salah al-Mirghani and a delegation of the Barqa federalists sealed the agreement yesterday in the eastern city of Tobruk, Al-Hasy said. “The facilities in Es Sider and Ras Lanuf are in very good shape, they are ready to operate.”

 

The government has agreed to pay “in the next few days” the salaries of Petroleum Facilities Guard who defected to the Barqa group during the blockade and to implement a preliminary agreement reached on April 6, Al-Hasy said. The rebels handed over the oil ports of Hariga and Zueitina after this accord in exchange for amnesty and salary payments for the guards, and an audit of the National Oil Corp.’s oil sales since the overthrow of Gadhafi.

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
MiddleEast
Rebels who helped decimate Libyan oil production by blockading eastern ports said the nation’s largest and third-largest export facilities can ship crude again, in a gesture of support for the newly elected parliament.
Libya, rebels, oil
351
2014-55-02
Wednesday, 02 Jul 2014 08:55 AM
Newsmax Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved