Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Tanker escapes to sea with cargo of Libyan rebel oil  Join our daily free Newsletter

MENAFN - AFP - 11/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - AFP) A North Korean-flagged tanker laden with oil from a rebel-held terminal in eastern Libya slipped the warships deployed to intercept it and escaped to sea on Tuesday, MPs said.The Morning Glory, which docked in Al-Sidra on Saturday and is reported to have taken on at least 234,000 barrels of crude, is the first vessel to have loaded oil from a rebel-held terminal since the revolt against the Tripoli authorities erupted last July.The central government had threatened armed action, even an air strike, to prevent the tanker getting away with its cargo of oil bought from the rebels' self-declared autonomous regional government without the authorisation of the state-owned Libyan National Oil Corporation.But members of the General National Congress, Libya's highest political authority, said that bad weather prevented the navy's small vessels from following the huge ship out into the Mediterranean.

"The oil tanker took advantage of poor weather conditions to head for the open sea. The ships that were surrounding it were not in a position to follow," one GNC member told AFP.Abdelkader Houili, who sits on the GNC's energy committee, told Al-Nabaa television that the navy's warships, which mainly consist of fast patrol boats, had been forced to sail close to the coast because of the weather."The tanker then took advantage of the gap to head for the open sea," he said.The Morning Glory's escape is a new humilation for the Tripoli authorities who have been battling to assert control over much of the country since the NATO-backed 2011 revolt that ended the 42-year dictatorship of Moamer Kadhafi.In eastern Libya in particular, a myriad of former rebel militias, Islamist as well as regionalist, have carved out their own fiefdoms. There have been almost daily attacks on security and other government personnel in the region's main towns.Former rebels calling for the restoration of the autonomy that Cyrenaica enjoyed for the first 12 years after Libyan independence in 1951, seized control of eastern export terminals last July.- Waington 'deeply concerned' -

They have made several attempts to export crude through their own oil company but the Morning Glory is the first to have successfully taken on crude."We are not demanding the breakup of the country," the head of the federalists' self-declared autonomous government, Abdrabbuh al-Barassi, said on Saturday. "The oil revenues would be split between the three autonomous regions," he said, promising that all sales would be carried out with complete transparency. But Washington said on Sunday that it was "deeply concerned" over the loading of "illicitly obtained" oil."This action is counter to law and amounts to theft from the Libyan people," State Department spokeswoman Jen Psaki said."The oil belongs to the Libyan National Oil Company and its joint venture partners."Warships had deployed to block the Morning Glory after Culture Minister Amin al-Habib warned on Sunday the tanker would be "turned into a pile of metal" if it tried to leave port.

The GNC said a task force composed of both regular troops and ex-rebel militia was being formed to bring the rebel ports back under central government control within a week.But analysts warned that any resort to force risked plunging Libya back into civil war and wreaking major damage to the country's key oil infrastructure.The standoff between the Tripoli authorities and the eastern rebels has already slashed Libyan oil exports from 1.5 million barrels per day to just 250,000, dealing a massive blow to the North African country's key revenue earner.The simmering tensions in Libya helped push up oil markets Tuesday with New York's main contract, West Texas Intermediate (WTI) for delivery in April, gaining 19 cents to 101.31 a barrel."Libya continues to support prices as well, with the threat to sink a North Korean tanker if it loads oil from a rebel held port being taken seriously in the markets,'' said analyst Joe Conlan at energy consultancy Inenco

 


AFP




  MENA News Headlines
 Dec 7 2016 - Qatar- Armed groups take control of Libyan town of Ben Jawad, close to major oil portsThe Peninsula
(MENAFN - The Peninsula) BENGHAZI, Libya: Armed groups took control on Wednesday of the Libyan town of Ben Jawad, close to some of Libya's major eastern oil ports, security officials said. Miftah ...

 Dec 7 2016 - Israeli missiles hit near airbase outside Damascus: Syria mediaThe Peninsula
(MENAFN - The Peninsula) Damascus: Several Israeli missiles struck the notorious Mazzeh airbase outside Damascus overnight without causing any casualties, Syrian state media reported on Wednesday. ...

 Dec 7 2016 - Turkey says pushing Aleppo talks between Russia, Syria oppositionThe Peninsula
(MENAFN - The Peninsula) Moscow:Ankara is doing "everything possible" to facilitate negotiations between Moscow and Syrian opposition groups to halt the bloodshed in Aleppo, Turkey's ...

 Dec 7 2016 - Syria rebels call for Aleppo truce, civilian evacuationThe Peninsula
(MENAFN - The Peninsula) Aleppo, Syria:Syrian rebels in Aleppo city called Wednesday for an immediate five-day truce and the evacuation of civilians to other opposition-held territory in the northern ...

 Dec 7 2016 - Kuwait- His Highness the Amir thanks Bahraini King on warm hospitalityKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has cabled Bahrain's King Hamad bin Isa Al-Khalifa expressing deep gratitude ...

 Dec 7 2016 - Greenback slide resumes on disappointing Fed minutes Japan’s verbal intervention falling on deaf earsMENAFN Press
(MENAFN Press) Dollar bulls were clearly uninspired by July’s Federal Reserve’s minutes released on Wednesday as participants remained divided over when to move interest rates. According to the ...

 Dec 7 2016 - Kuwait- His Highness the Amir departs BahrainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MANAMA, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, along with his official delegation, departed the Kingdom of Bahrain on ...

 Dec 7 2016 - Kuwait insists on plan to provide 15 pct of energy out of renewable energyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, Dec 7 (KUNA) -- The State of Kuwait is resolved to go ahead with its strategy to provide 15 percent of its energy needs out of renewable energy by 2030, an ...

 Dec 7 2016 - Kuwait- GCC summit will enhance regional security -- Minister Sheikh Sabah KhaledKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MANAMA, Dec 7 (KUNA) -- The State of Kuwait Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah said on Wednesday that outcome of the ...

 Dec 7 2016 - Kuwaiti governors hail Saudi King's imminent visitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Dec 7 (KUNA) -- Kuwait's governors welcomed Saudi King Salman bin Abdulaziz's impending visit to the country, amid volatile regional conditions. In ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help