TOBRUK Libya (Reuters) – Libya’s budget deficit could more than double to 19 billion Libyan dinars ($15 billion) this year, as political and civil chaos ravage the OPEC member’s oil revenues, a senior lawmaker said on Wednesday.
Libya usually enjoys large budget surpluses thanks to oil export revenue but last year it ran an 8 billion-dinar deficit as a wave of protests cut into crude output. That civil strife has since spiraled into fighting that is close to civil war.
TOBRUK/LONDON, Sept 23 (Reuters) – Food prices have risen in
Libya as payments problems, fighting and a breakdown in
authority disrupt the usual import routes as the country spins
out of control three years after the ousting of Muammar Gaddafi.
Rice, vegetables such as tomatoes and juice have become more
expensive by up to 10 percent in cities such as Benghazi, a
major port, where violence has made it harder for suppliers to
get their goods through, forcing importers to look for new ways
to bring food in.
TOBRUK Libya (Reuters) – Libya’s elected parliament approved on Monday a new cabinet proposed by Prime Minister Abdullah al-Thinni, a parliamentary spokesman said.
The House of Representatives agreed on a second cabinet list after rejecting last week an initial a 16-member lineup as too large, spokesman Faraj Hashem said.
CAIRO (Reuters) – Pro-government Libyan forces, already reeling from the fall of the capital, are fighting to prevent Islamist militants from seizing the eastern city of Benghazi and splitting the North African country into three warring parts.
Three weeks after losing Tripoli to a different militia, the army now faces an offensive in Libya’s second-largest city from the Islamists of Ansar al-Sharia, which has overrun special forces bases and is attacking Benghazi airport.
CAIRO (Reuters) – A comeback by Libya’s oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi.
Oil production has risen to 650,000 barrels per day (bpd), five times the level two months ago, in a rare success for the economy at a time when armed groups and two parliaments fight for control of the North African country.
BENGHAZI Libya/CAIRO (Reuters) – The Libyan parliament that was replaced in an election in June reconvened on Monday and chose an Islamist-backed deputy as the new prime minister, leaving the chaotic country with two rival leaders and assemblies, each backed by armed factions.
As political unrest mounted, U.S. officials said two series of air strikes in the past week on armed Islamist factions in the capital, Tripoli, were the work of Egypt and the United Arab Emirates.
CAIRO/BENGHAZI (Reuters) – Libya wants the international community to help protect its oilfields, airports and other state assets as it is too weak to stop armed groups fighting for control, its ambassador in Cairo said on Monday.
The plea came as attackers fired Grad rockets at Labraq airport in eastern Libya, targeting one of the country’s few functioning air hubs as violence between armed factions escalates three years after the ouster of Muammar Gaddafi.
LONDON/TRIPOLI, Aug 19 (Reuters) – Libya is due to start
loading its first crude oil tanker from top port Es Sider on
Tuesday following a year-long blockade by eastern federalists, a
Libyan oil official and trading sources said.
The country’s oil industry is making a modest comeback,
restarting production and exports even while Tripoli has become
a battleground for rival armed factions amid the worst violence
since the 2011 civil war.
TRIPOLI (Reuters) – A Libyan militia battling a rival armed group over control of the country’s biggest airport is ready for a peaceful solution after five days of heavy fighting, a spokesman said on Thursday, hours after shells hit the terminal building.
The news, if confirmed by the rival militia, would be a huge relief for Libyan citizens who were stunned after two armed groups turned Tripoli International Airport into a battlefield.
TRIPOLI/LONDON, July 16 (Reuters) – Libya will not be able
to export oil through its two largest eastern ports before
August, due to safety checks after a near year-long closure, a
senior oil official said on Wednesday.
The latest twist in a spiral of violence also casts a shadow
over the vital deal two weeks ago to end the eastern blockade by
federalist protesters of the last two facilities they held.