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
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.
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.
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.
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.
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.
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.
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.
TRIPOLI (Reuters) – Libya’s Supreme Court ruled on Monday that parliament’s election of Prime Minister Ahmed Maiteeq a month ago was unconstitutional, a ruling that could reduce volatile political tensions in the major OPEC member state.
It also raised hope that some oil ports occupied for 10 months by rebels in Libya’s east will reopen. In April, rebels signed an accord with the government of Maiteeq’s predecessor to unblock the vital Mediterranean ports but its implementation stalled when they refused to deal with Maiteeq, a businessman.
TRIPOLI (Reuters) – Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said.
A wave of protests at oil facilities has reduced the North African country’s oil output to less than 200,000 barrels a day down from 1.4 million bpd in July before the strikes started.