Senior Correspondent, Sudan and South Sudan
Ulf's Feed
May 24, 2015

Unable to halt Europe-bound migrants, Tripoli demands help

TRIPOLI (Reuters) – Europe cannot halt the deadly traffic of African migrants across the Mediterranean unless it ends a boycott of forces that have seized power in the Libyan capital and helps authorities there cope, the de facto government in Tripoli said.

Chaos and civil war since NATO warplanes helped topple dictator Muammar Gaddafi in 2011 have turned the North African country into the launching point for human traffickers smuggling tens of thousands of people across the Mediterranean.

May 21, 2015

Insight – Gaddafi’s home town falls to Islamic State in anarchic Libya

SIRTE, Libya (Reuters) – Standing guard at his frontline post, Libyan soldier Mohammed Abu Shager can see where Islamic State militants are holed up with their heavy weaponry less than a kilometre away.

The militants have effectively taken over former dictator Muammar Gaddafi’s home city of Sirte as they exploit a civil war between two rival governments to expand in North Africa.

May 21, 2015

Gaddafi’s home town falls to Islamic State in anarchic Libya

SIRTE, Libya, May 20 (Reuters) – Standing guard at his
frontline post, Libyan soldier Mohammed Abu Shager can see where
Islamic State militants are holed up with their heavy weaponry
less than a kilometre away.

The militants have effectively taken over former dictator
Muammar Gaddafi’s home city of Sirte as they exploit a civil war
between two rival governments to expand in North Africa.

May 20, 2015

Libyan Islamist leader proposes elections to end conflict

TRIPOLI (Reuters) – Fresh elections are the only way to end conflict in Libya where two governments and parliaments are competing for power and the country’s oil wealth, an influential Islamist supporter of a self-declared government in Tripoli said.

Prime Minister Abdullah al-Thinni’s internationally recognized government and elected parliament have operated out of eastern Libya since a rival armed faction called Libya Dawn took over Tripoli in August and set up its own government.

May 20, 2015

Libya’s Lisco keeps the steel mill rolling despite war

MISRATA, Libya (Reuters) – Libyan steelmaker Lisco is struggling to keep its mill rolling in a war zone, no easy feat when the power cuts off every night, shippers are reluctant to dock and foreign contractors are long gone.

Lisco Chairman Mohamed Abdelmalik al-Faqih may have an office overlooking the Mediterranean, but the steel plant in Libya’s third-largest city Misrata looks more like a military base. A tank guards the melt shops, mills and furnaces, and the nearby port is protected by anti-aircraft guns.

May 4, 2015

Libya’s foreign reserves fell by a quarter last year

TRIPOLI/CAIRO, May 4 (Reuters) – Libya burned through more
than a quarter of its foreign currency reserves in 2014 to
offset a fall in vital oil revenues and keep the country
running, official data showed on Monday.

Central bank forex reserves were $76.6 billion at the end of
2014 compared with $105.9 billion a year earlier, the
Tripoli-based Libyan Audit Bureau said. The $29.2 billion fall,
to the lowest level for many years, suggests the OPEC producer
may be edging closer to financial collapse.

Apr 21, 2015

Libya’s official government has no luck selling oil bypassing Tripoli – sources

CAIRO/BENGHAZI, April 21 (Reuters) – Libya’s official
government has so far failed to sell oil on its own via an
account and middlemen in Dubai, as customers continue to buy
crude directly from a state oil firm under the control of a
rival government, oil sources said.

Libya’s internationally recognised Prime Minister Abdullah
al-Thinni said this month that oil sales would be routed though
a Dubai bank account belonging to a new state oil company
reporting to his government in the east.

Apr 21, 2015

Rival government reaping Libya oil revenue despite PM deal with Dubai: sources

CAIRO/BENGHAZI (Reuters) – Libya’s official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said.

Libya’s internationally recognized Prime Minister Abdullah al-Thinni said this month that oil sales would be routed though a Dubai bank account belonging to a new state oil company reporting to his government in the east.

Apr 21, 2015

Old loyalties, religious cohesion may frustrate Islamic State in Libya

CAIRO (Reuters) – Islamic State’s executions of Christians show the group is exploiting Libya’s lawlessness but tribal and political loyalties and the absence of a sectarian divide mean it is unlikely to grow as rapidly there as in Iraq or Syria.

On Sunday, the militant group published a video purportedly showing the execution of 30 Ethiopian Christians in two locations in eastern and southern Libya, two months after it beheaded 21 Egyptian Copts there.

Apr 14, 2015

Discounts fail to lure oil buyers as Libya seeks to bypass Tripoli

CAIRO/BENGHAZI (Reuters) – Libya’s official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli.

Buyers are reluctant to take advantage of discounts on offer because they are unsure who exactly owns the oil being marketed by the eastern government, even though it is internationally recognized following an election last year, oil officials and insiders say.

    • 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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