Senior Correspondent, Sudan and South Sudan
Ulf's Feed
Jul 8, 2014

Libya’s El Sharara oilfield restart another breakthrough for Tripoli

TRIPOLI, July 8 (Reuters) – Libya’s oil sector took another
big step back to normality with the restarting of an oilfield
that could double its current meagre crude output, a week after
blockades ended at major ports.

The 340,000 barrels per day El Sharara oilfield has resumed
operations after protesters ended a four month strike, state-run
National Oil Corp (NOC) said on Tuesday,

Jun 25, 2014

Libyans slow to vote for new parliament in test for transition

TRIPOLI/BENGHAZI Libya (Reuters) – Less than a third of Libyan voters had gone to the polls by late afternoon on Wednesday in a parliamentary election overshadowed by violence.

At least five people were killed in heavy clashes between Islamists and government forces in the eastern city of Benghazi, medical sources said, as turmoil continued to grow in the wake of the overthrow of Muammar Gaddafi three years ago.

Jun 25, 2014

Libyans vote for new parliament in test for transition

TRIPOLI, June 25 (Reuters) – Libyans vote for a new
parliament on Wednesday, an election officials hope will ease
the chaos that has gripped the OPEC oil producer since the fall
of Muammar Gaddafi three years ago.

Marking another step in its transition after decades of
one-man rule, Libya is set to hold the vote as the North African
country is slipping deeper into turmoil after a renegade former
army general launched a campaign against Islamist militants in
the east.

Jun 24, 2014

Bitterness in Gaddafi town shows divisions as Libyans go to polls

BANI WALID Libya (Reuters) – Damaged ancient columns, smashed glass display cases and a visitors book from 1999 are pretty much what’s left from the historic museum in the Libyan city of Bani Walid.

Once a European tourist destination, the museum was occupied by militia fighters from different cities who smeared slogans on its walls when they seized the former bastion of Muammar Gaddafi during heavy fighting in 2011 and 2012.

Jun 22, 2014

Libya approves overdue budget as eastern oil port reopens

TRIPOLI, June 22 (Reuters) – Libya’s parliament approved the
overdue 2014 budget worth $47 billion on Sunday, drawing on
reserves to offset a dramatic loss of oil revenue after almost a
year of protests at major ports.

The North African country is in turmoil as the government
struggles to control militias who helped oust Muammar Gaddafi in
2011 but now defy the state and seize oil facilities at will.

Jun 18, 2014

Libya condemns U.S. arrest of Benghazi suspect

TRIPOLI, June 18 (Reuters) – Libya condemned the United
States on Wednesday for snatching a man suspected of
masterminding the deadly 2012 attack on the U.S. consulate in
Benghazi, describing the arrest as a violation of Libyan

President Barack Obama authorised Sunday’s operation in
which U.S. special forces captured Ahmed Abu Khatallah in Libya
for transfer to the United States.

Jun 17, 2014

Decay of Libyan state clears desert trail for Africans to Europe

GHAT Libya (Reuters) – Abdulkabir and five of his friends, all from Niger, walked for hours over rocky hills and sandy paths to cross into southern Libya, without meeting a single border guard. Safely over the border, they now feel no need to hide.

Libya’s southwestern tip in the Sahara bordering Algeria and Niger has become an open door for illegal migrants from sub-Saharan countries heading for Europe, with the chaotic government in Tripoli appearing to have abandoned all control.

Jun 15, 2014

Renegade general launches offensive in east Libya, up to 12 killed

BENGHAZI/TRIPOLI Libya (Reuters) – A renegade Libyan general launched a fresh offensive on Sunday against Islamist militants in the eastern city of Benghazi, sparking some of the worst fighting in weeks, with up to 12 people killed and power supplies disrupted.

Libyan authorities are struggling to restore order across the vast desert nation ahead of a June 25 parliamentary election. The situation remains especially chaotic in Benghazi, Libya’s second-largest city and cradle of the NATO-backed uprising that toppled Muammar Gaddafi three years ago.

Jun 12, 2014

Libyan cabinet urges central bank to release reserve fund for budget

TRIPOLI, June 12 (Reuters) – Libya’s government urged the
central bank on Thursday to release a special
multi-billion-dollar reserve fund accumulated from past oil
sales to help offset a precipitous loss of crude revenues that
has crippled state finances.

In a statement, the central bank said only that it may ask
the Supreme Court to clarify the rules under which it is legally
obliged to release funds.

Jun 11, 2014

Libya cabinet starts spending $50 bln budget despite falling oil revenues

TRIPOLI, June 11 (Reuters) – Libya’s government, suffering
from dwindling oil revenues, will allow its ministries to begin
spending the $50 billion budget it submitted to parliament at
the start of the year, even though lawmakers have not voted on

The move might force the central bank to use more of its
reserves as the budget is not backed up by oil revenues which
have fallen to $1 billion a month, a quarter of what Libya used
to make in the past.

    • About Ulf

      "I am Senior Correspondent, Saudi Arabia, covering from the Saudi capital Riyadh political, economic and social news and in-depth analyses from the world's top oil exporter and biggest Arab economy. I have also reported for Reuters from Kuwait, Yemen and Iraq."
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