Senior Correspondent, Sudan and South Sudan
Ulf's Feed
Feb 23, 2014

Libya warns of budget problems as protests slash oil revenues

TRIPOLI (Reuters) – Some Libyan government ministries are struggling to cover expenditures because of budget problems, a minister said on Sunday after protesters shut down another vital oilfield.

Militias and armed protesters who helped topple Muammar Gaddafi in 2011 have seized ports and oilfields over the last seven months to press demands on the central government. Oil and gas exports are the sole source of the government budget and to fund food imports.

Feb 23, 2014

Seeking cheap stocks, chaos no problem? Try Libya

TRIPOLI (Reuters) – Investing in Libyan stocks may sound like an absurd idea at a time when the North African country is descending into chaos and armed militias seize oil ports or ministries at will.

Ever since the ouster of Muammar Gaddafi in 2011, Libya’s government has been struggling to establish law and order and assert control over a vast desert nation awash with arms.

Feb 20, 2014

Libyans vote for constitution body amid bombs, tensions

TRIPOLI (Reuters) – Explosions rocked five polling stations in eastern Libya on Thursday as voters began electing a body to draft a new constitution, another step in the OPEC producer’s rocky transition since Muammar Gaddafi fell in 2011.

Nobody was wounded in the dawn bomb attacks in the restive town of Derna, residents said, but the incident highlighted the volatile situation in the North African country.

Feb 19, 2014

Libyans vote for constitution body amid rising political tensions

TRIPOLI, Feb 20 (Reuters) – Libyans head to the polls on
Thursday to elect a body to draft a new constitution, marking a
step in the country’s transition after the overthrow of dictator
Muammar Gaddafi in 2011.

Western powers hope a peaceful vote will help move the North
African country a bit closer towards democracy but it comes at a
time of heightened political tensions.

Feb 18, 2014

Libyan militias threaten parliament, deploy forces in Tripoli

TRIPOLI (Reuters) – Two heavily armed Libyan militias demanded on Tuesday the country’s parliament hand over power immediately in what the head of the assembly dismissed as an attempted coup that would be confronted by the army if necessary.

Tuesday’s deadline of five hours from the statement issued by the al-Sawaiq and al-Qaqa militia brigades passed without incident but they said they had troops on standby to force the hand of the General National Congress (GNC).

Feb 18, 2014

Libyan militias threaten parliament, protesters close airport

TRIPOLI (Reuters) – Two heavily armed Libyan militias demanded on Tuesday the country’s parliament hand over power immediately in what the head of the assembly dismissed as an attempted coup that would be confronted by the army if necessary.

Tuesday’s deadline of five hours from the statement issued by the al-Sawaiq and al-Qaqa militia brigades passed without incident but they said they had troops on standby to force the hand of the General National Congress (GNC).

Jan 30, 2014

Support crumbles in east Libya for oil blockade leader

AJDABIYA, Libya (Reuters) – Support is ebbing in east Libya for a six month blockade of its three oil ports, and for former rebel commander Ibrahim al-Jathran whose force led the seizure.

Even Jathran’s own tribe and leaders in its hometown speak angrily about getting exports flowing again as capital Tripoli warns it may no longer be able to pay public salaries because the blockade has slashed oil revenues.

Jan 28, 2014

Exclusive: Libyan port rebels see deal possible within weeks

AJDABIYA, Libya (Reuters) – A deal to lift an armed blockade of Libyan oil ports and restart exports could be possible within two weeks after talks with the government advanced on key demands, a senior leader of the protest movement said.

The group, led by a former rebel who once battled leader Muammar Gaddafi, seized three major eastern ports in summer to demand a greater share of oil wealth and more regional autonomy, choking off 600,000 barrels per day of oil exports.

Jan 28, 2014

Libyan port rebels see deal possible within weeks

AJDABIYA, Libya, Jan 28 (Reuters) – A deal to lift an armed
blockade of Libyan oil ports and restart exports could be
possible within two weeks after talks with the government
advanced on key demands, a senior leader of the protest movement
said.

The group, led by a former rebel who once battled leader
Muammar Gaddafi, seized three major eastern ports in summer to
demand a greater share of oil wealth and more regional autonomy,
choking off 600,000 barrels per day of oil exports.

Jan 18, 2014

Libyan planes attack unruly militias in south, army on alert

TRIPOLI (Reuters) – Libyan war planes attacked targets in the restive south on Saturday after gunmen stormed an air force base and the government ordered in ground troops following days of skirmishes between rival tribesmen and militias.

Western powers fear the OPEC producer could slide into further instability as the government struggles to contain heavily-armed militias, tribesmen and Islamists who helped to topple Muammar Gaddafi in 2011 but refuse to disarm.

    • 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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