LONDON/TRIPOLI, Oct 28 (Reuters) – Libya’s efforts to end a
three-month stranglehold on its oil industry were dealt a
significant blow when exports dropped to 20 percent of capacity
following new protests at the weekend at major western fields
The OPEC producer’s crude oil exports have fallen to less
than 250,000 barrels per day, according to Reuters calculations,
compared with a capacity of around 1.25 million bpd and around
500,000 bpd earlier this month.
TRIPOLI (Reuters) – Libya is considering the sale of a steel plant and eight other state companies as part of efforts to overhaul an inefficient industrial sector, a government minister said.
Outside its wealthy oil sector, Libya’s economy is hampered by inefficiency, a lack of private capital and bureaucracy, the legacy of decades of state control during the era of Muammar Gaddafi.
BREGA, Libya, Oct 27 (Reuters) – For Libyan militia leader
Ibrahim al-Jathran, shutting down half the country’s oil
production with an armed militia is not a crime, it is the start
of a just battle for a fair share of country’s petroleum wealth.
From his base near the Mediterranean oil terminal of Brega,
the 33-year-old war hero from the uprising against Muammar
Gaddafi has taken control of the main oil ports to demand more
autonomy and oil for his eastern region from faraway Tripoli.
TRIPOLI (Reuters) – U.S. firm Marathon Oil (MRO.N: Quote, Profile, Research, Stock Buzz) will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday.
Two years of turmoil after the overthrow of leader Muammar Gaddafi, as well as tough contract terms, have prompted oil companies to reassess their role in the North African country, but the government has been keen to keep them.
TRIPOLI (Reuters) – When gunmen snatched Libyan Prime Minister Ali Zeidan from his Tripoli hotel last week, it was a rival armed militia he thanked for his rescue hours later.
Even for Libyans accustomed to their democracy’s unruly beginnings, the drama at the Corinthia Hotel was a startling reminder of the power former fighters wield two years after they ousted Muammar Gaddafi, and the dangers of their rivalry.
TRIPOLI, Oct 18 (Reuters) – When gunmen snatched Libyan
Prime Minister Ali Zeidan from his Tripoli hotel last week, it
was a rival armed militia he thanked for his rescue hours later.
Even for Libyans accustomed to their democracy’s unruly
beginnings, the drama at the Corinthia Hotel was a startling
reminder of the power former fighters wield two years after they
ousted Muammar Gaddafi, and the dangers of their rivalry.
TRIPOLI/BENGHAZI, Libya (Reuters) – Libya’s Prime Minister Ali Zeidan said on Friday gunmen who abducted him briefly were part of a coup attempt by opponents in the country’s legislature.
The militia snatched Zeidan from the Tripoli hotel where he lives during a dawn raid on Thursday only to release him hours later in an incident that showed how far Libya has descended into chaos two years after Muammar Gaddafi’s fall.
TRIPOLI (Reuters) – Libyan gunmen on the government payroll seized the prime minister in his nightshirt on Thursday and held him for several hours, in a new manifestation of the anarchy that has followed the overthrow of Muammar Gaddafi.
The militia justified its bloodless dawn raid on the luxury hotel where Ali Zeidan lives under notionally tight security by saying he should be investigated for aiding U.S. forces in their capture in Tripoli on Saturday of a Libyan al Qaeda suspect.
TRIPOLI (Reuters) – When news broke at dawn on Thursday that Libya’s prime minister had been seized by gunmen from his Tripoli hotel, it looked as if Islamist militants might have pulled off a spectacular and potentially bloody coup.
In the end, it turned out the gunmen were in the pay of his own government and the premier was back at work by lunchtime.
TRIPOLI (Reuters) – Libya’s prime minister was seized and held for several hours on Thursday by former rebel militiamen angry at the weekend capture by U.S. special forces of a Libyan al Qaeda suspect in Tripoli.
Ali Zeidan was freed unharmed but the incident underlined the anarchy prevailing in the oil-rich North African state, two years after the Western-backed overthrow of Muammar Gaddafi.