TRIPOLI, Jan 26 (Reuters) – Oil output from Libya, where
ports and oilfields have been shut due to fighting, has fallen
to 363,000 barrels a day with exports at about 200,000, the oil
minister appointed by forces in control of the capital Tripoli
Two governments allied to armed factions are vying for
control of Libya four years after the toppling of leader Muammar
BENGHAZI/TRIPOLI (Reuters) – A new round of talks between rival Libyan factions will take place in Geneva on Monday, the United Nations said, even as gunmen kidnapped the deputy foreign minister of the recognised government.
Nearly four years after a NATO-backed revolt ousted Muammar Gaddafi, Libya is in turmoil with two rival governments and two parliaments backed by armed factions who Western governments fear may drag the country into civil war.
TRIPOLI, Jan 22 (Reuters) – The United Nations on Thursday
condemned a reported attack on an office of Libya’s central bank
in the eastern city of Benghazi, calling for an inquiry into the
incident that has complicated talks between the country’s
The U.N. last week brought together in Geneva some of
Libya’s rival factions in an attempt to negotiate an end to
their fight for control of the country four years after the
ousting of Muammar Gaddafi.
CAIRO (Reuters) – The central bank is burning through its foreign reserves and many government services are being cut as Libya reels under the effects of a collapse in oil revenues caused by factional fighting that threatens to tear the country apart.
With the oil price plunging and no sign of an end to hostilities, economic options are few. Experts say the bank, which is struggling to remain neutral amid the fighting, might have to devalue the currency sharply to meet the public payroll.
BENGHAZI, Libya/CAIRO (Reuters) – A fire raging for almost a week at Libya’s biggest oil port of Es Sider has destroyed up to 1.8 million barrels of crude and damaged seven storage tanks, causing total damage of $213 million, a top oil official said on Tuesday.
The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when forces loyal to a rival government in Tripoli tried seizing them from forces allied to the recognized Prime Minister Abdullah al-Thinni.
BENGHAZI/TRIPOLI (Reuters) – Fighting between Libya’s competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country’s own domestic requirements, officials said.
The OPEC producer is struggling with fighting on several fronts as brigades of former rebels who once battled side by side to oust Muammar Gaddafi in 2011 now clash for political power and a share of oil revenues.
TRIPOLI (Reuters) – Libya’s internationally recognized government aims to set up a new payment system to receive oil revenues, bypassing the central bank based in Tripoli, the capital city that is no longer under its control, its top oil official said on Saturday.
The OPEC oil producer has had two parallel governments and parliaments since August when a group called Libya Dawn seized Tripoli, forcing the recognized administration of Prime Minister Abdullah al-Thinni to the east.
RAS JDIR, Libya, Dec 17 (Reuters) – His Kalashnikov across
his back, Libyan soldier Adel Howas rushed to the front line
when air strikes targeted his comrades at a border crossing with
For Howas, it was a return to familiar territory from 2011
when he joined rebels in a NATO-backed uprising to topple
TRIPOLI, Dec 16 (Reuters) – Forces allied to Libya’s
conflict parties clashed with heavy weapons on Tuesday over
control of the country’s biggest oil ports in the east as the
European Union was considering sanctions on people obstructing
U.N.-brokered peace talks.
The United Nations had planned to hold this week a second
round of talks to end a confrontation between two rival
governments and parliaments but said a military escalation was
undermining its efforts.
RAS JDIR/BENGHAZI (Reuters) – Libya’s recognized government conducted air strikes against rival government forces trying to seize major oil ports in the east and targets in the west on Monday, but the rival government held control of the main crossing to Tunisia, witnesses said.
The oil producer has had two governments and parliaments since a group called Libya Dawn seized the capital Tripoli in August after a month-long battle with rivals and set up its own prime minister. The recognized premier Abdullah al-Thinni was forced to withdraw to the east.