Senior Correspondent, Sudan and South Sudan
Ulf's Feed
Jan 22, 2015

U.N. condemns attack on Libyan central bank, demands inquiry

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
warring parties.

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.

Jan 6, 2015

Libya pays heavy economic price as fighting takes toll

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.

Dec 30, 2014

Fire at Libyan oil port destroys up to 1.8 million barrels of crude

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.

Dec 22, 2014

Libya fighting spreads to third oil port, 11 killed in Benghazi

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.

Dec 20, 2014

Libya’s official government aims to set up new payment system for oil buyers

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.

Dec 17, 2014

Libya conflict revives front lines from 2011 civil war

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
Muammar Gaddafi.

Dec 16, 2014

Libya rivals clash over oil ports as EU considers sanctions

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.

Dec 15, 2014

More air strikes near eastern Libyan oil port and border to Tunisia

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.

Dec 14, 2014

Libyan rivals clash over eastern oil ports and Tunisia crossing

BENGHAZI/TRIPOLI, Libya, Dec 14 (Reuters) – Armed factions
allied to Libya’s two rival governments fought over eastern oil
ports and the main border crossing to Tunisia on Sunday, forcing
closure of the two biggest oil export terminals, officials said.

In clashes reminiscent of the 2011 civil war that toppled
Muammar Gaddafi, the internationally recognised government based
in the east sent jets to bomb a rival force trying to seize the
oil facilities of Es Sider and Ras Lanuf and started its own
offensive near the Tunisian border.

Dec 10, 2014

Thinni government seeks to control Libya’s oil revenues

TRIPOLI (Reuters) – Libya’s recognized government wants to control the country’s oil revenues by stopping any payments through Tripoli bank accounts out of its reach, its prime minister said on Wednesday.

The OPEC oil producer has had two governments, parliaments and armies since August when a group called Libya Dawn seized Tripoli, forcing the recognized Prime Minister Abdullah al-Thinni and his government to move to the east of the country.

    • 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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