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.
TRIPOLI (Reuters) – Libya’s currency is under heavy pressure as a breakdown in security and a collapse of oil revenues due to port blockades have badly disrupted public finances and an economy already burdened by exploding state salary and subsidy bills.
Over the past two months, the dinar has fallen more than seven percent against the dollar on the black market, its first weakness since rebels demanding autonomy for eastern Libya seized oil export facilities 10 months ago.
TADRART ACACUS Libya (Reuters) – Vandals have destroyed prehistoric rock art in lawless southern Libya, endangering a sprawling tableau of paintings and carvings classified by UNESCO as of “outstanding universal value”.
Located along Libya’s southwestern tip bordering Algeria, the Tadrart Acacus mountain massif is famous for thousands of cave paintings and carvings going back up to 14,000 years.
TRIPOLI, May 26 (Reuters) – The leader of the protesters
occupying Libyan oil ports said on Monday he did not recognise
Prime Minister Ahmed Maiteeq’s new government and suggested a
previously agreed deal to end his blockade could be in jeopardy.
Ibrahim Jathran, who wants more autonomy from Tripoli for
his eastern region, had agreed with Maiteeq’s predecessor to
steadily end the protests, which have cut the OPEC member
country’s oil exports after the ports fell under his control
TRIPOLI (Reuters) – Libya’s new premier said on Monday his cabinet will focus on fighting militants, securing borders and building up armed forces with foreign help, and appealed to hardliners who want his government removed.
Libya is caught up in what the European Union has called its worst crisis since the 2011 civil war that ousted Muammar Gaddafi and pitched the North African country into almost constant state of upheaval and violence.
TRIPOLI (Reuters) – A renegade former Libyan general says the country’s new prime minister is not capable of restoring stability in the major oil producer and has called for a postponement of parliamentary elections planned for June.
Khalifa Haftar launched a campaign more than a week ago to rid Libya of what he calls “terrorists” and Islamist extremists, who are especially active in the oil-rich east.
TRIPOLI (Reuters) – Libyan civil servant Mohamed Ali has put on his business card a picture of the only man he thinks can save his country from falling apart – Egypt’s new strongman Abdel Fattah al-Sisi.
Libya is preparing for elections next month, but many Libyans have long given up on their own parties paralyzed by political infighting three years after the revolution and civil war that brought down Muammar Gaddafi.
TRIPOLI (Reuters) – Explosions and fighting erupted in Libya’s capital on Wednesday, killing at least two people after the top air defense commander signaled support for a renegade general who is campaigning to dissolve parliament and wipe out Islamists.
It was not immediately clear who started the clashes, but government figures and Islamist groups in parliament – some of them with allied militias – have become increasingly alarmed by signs of growing support for General Khalifa Haftar. Forces he said were loyal to him stormed parliament on Sunday.
TRIPOLI (Reuters) – Libyan authorities on Tuesday proposed a June national election as the government sought to resolve a standoff over parliament involving powerful brigades of former rebel fighters.
Libya’s General National Congress (GNC) is at the heart of the crisis after gunmen claiming loyalty to a renegade former general attacked the parliament with anti-aircraft cannons on Sunday and demanding its suspension.
ALGIERS/TRIPOLI, May 20 (Reuters) – When a dispute erupted
over dissolving Libya’s parliament last February, a former
general dressed in full army uniform made a surprise television
broadcast calling on the military to “rescue” the country.
Flanked by a Libyan flag and a large map, retired Major
General Khalifa Haftar demanded a caretaker government take over
from a parliament paralysed by rivalries after the 2011 war that
ended Muammar Gaddafi’s rule.