Archive for the ‘Libya’ Category

Head Of Libya’s NOC To Attend OPEC/Non-OPEC Meeting | OilPrice … – OilPrice.com

OPEC has invited Libya to share its production plans with the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) next week, and Libya will attend the gathering, with National Oil Corporation (NOC) chairman Mustafa Sanalla leading the delegation, NOC said on Tuesday.

The recovery of Libya and Nigerias crude oil production in the past two months has rekindled fears that rising supply from those two African producers exempt from the OPEC cuts is offsetting a large part of the reductions and is depressing crude oil prices, alongside rising U.S. shale output.

The JMMC is gathering in Russia on July 24, and hasinvitedNigeria and Libya to attend to discuss their current production and short-term plans, Kuwait Oil Minister Issam Almarzooq said earlier this month.

According to OPECs latest Monthly Oil MarketReport, Libya and Nigeria contributed the most to the393,000-bpd increasein the cartels total crude output in June compared to May. Libyas output jumped by 127,000 bpd to 852,000 bpd, while Nigerian crude production rose by 96,700 bpd to 1.733 million bpd.

Libya is right on track to reach its goal to raise crude output to1 million bpdby the end of July.

Libyas production now stands at 1.032 million bpd, an oil industry official told Reuters on Monday. Output increased to above 1 million at the end of June, and has been in the range 1 million-1.05 million bpd since then.

Related:The Only Way OPEC Can Kill U.S. Shale

Referring to the OPEC/non-OPEC meeting that he would be attending, NOC chairman Sanalla said in the company statement:

We will take this opportunity to share with the committee the factors enabling and constraining Libya's production recovery.

I will consult with significant Libyan decision-makers before I leave and hope to present a unified Libyan position in St Petersburg that will show we can act together in the national interest, Sanalla noted.

Nigerias Ministry of Petroleum Resources, for its part,saidlast week that oil minister Emmanuel Kachikwu confirmed he had been invited to attend the meeting in Russia, but he would not be able to attend because of a scheduling conflict. But Nigeria has signaled that it is ready to support OPECs cuts and limit its crude oil output when it reaches a stable 1.8 million bpd.

By Tsvetana Paraskova for Oilprice.com

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Representatives, both foreign and domestic work to better civilian’s conditions – The Libya Observer

Representatives, both foreign and domestic work to better civilian's conditions
The Libya Observer
The first meeting of the Higher Policy Committee took place and on the agenda was the coordination and assistance by the international community to improve the living conditions of Libyans, known as the United Nations Stabilization Facility in Libya.

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Representatives, both foreign and domestic work to better civilian's conditions - The Libya Observer

Libya’s NOC chief to attend OPEC, non-OPEC meeting: statement – Reuters

TUNIS (Reuters) - The head of Libya's National Oil Corporation (NOC) said on Tuesday he would lead a Libyan delegation to a meeting of OPEC and non-OPEC oil producers in St Petersburg, Russia on July 22 to share his country's production plans.

NOC Chairman Mustafa Sanalla will share with a technical committee "the factors enabling and constraining Libya's production recovery", he said in a statement.

"I will consult with significant Libyan decision-makers before I leave and hope to present a unified Libyan position in St Petersburg that will show we can act together in the national interest," Sanalla said.

The technical committee involving six OPEC and non-OPEC members is due to convene before ministers from the countries hold talks in the Russian city on July 24.

OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output, weighing on global prices.

That prompted talk among producers about including them in the pact, though Kuwait's OPEC governor Haitham Al-Ghais said on Friday it would be premature to cap Libyan and Nigerian production.

Sanalla has said Libya's political, humanitarian and economic problems must be considered in any discussion about limiting the country's output.

Libya's oil production is fluctuating at just over 1 million barrels per day, still well under the 1.6 million bpd the North African country was producing before its 2011 uprising.

Reporting by Aidan Lewis; Editing by Patrick Markey and Dale Hudson

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Libya's NOC chief to attend OPEC, non-OPEC meeting: statement - Reuters

Filling the Vacuum in Libya – Foreign Affairs

Since the fall of Colonel Muammar Qaddafi in 2011, Libya has suffered from years of ineffective and dysfunctional rule. A series of weak governments passed through Tripoli in the aftermath of the revolution as powerful militias vied for control on the ground. The country further splintered in 2014, when a contested election saw Islamist-backed politicians and allied militias seize power in the western capital of Tripoli and force the newly elected House of Representatives to flee to the east, where it allied with eastern anti-Islamist forces. Despite a UN-led agreement that installed a Government of National Accord (GNA) in 2016, rival factions across the country continue to fight one another. Unsurprisingly, the Islamic State (or ISIS) and other resurgent jihadist groups have taken advantage of the countrys political instability, effectively turning Libya into a safe haven and breeding ground for extremists.

There are of course areas in which the country has recently seen some progress: there has been a boost in oil production, a decline in the gains of some hardline groups, and a growing consensus around the need to revise the UN-sponsored Libyan Political Agreement. But the United States and its European allies must do more to leverage both sticks and carrots to bring the warring Libyan parties and their regional supporters to the UN-led negotiating table in order to reach a lasting political accord. Counterterrorism may be the primary Western objective in Libya, but its success will ultimately depend on the countrys stability.

THE THREAT OF INSTABILITY

By capitalizing on traditionally pro-Qaddafi areas that were marginalized after the revolution, ISIS was able to gain a foothold in Sirte in early 2015. Although US-backed local militia forces, loyal to the GNA, succeeded in clearing ISIS from Sirte in December 2016, the recent terrorist attack in Manchester by a suicide bomber with Libyan links has made it clear that Libyas ongoing political and military conflict, coupled with persistently weak governance, have rendered the country vulnerable to ISIS expansion. In the short term, militants

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Filling the Vacuum in Libya - Foreign Affairs

News Roundup – Tue, Jul 18, 2017 – The Libya Observer


Middle East Monitor
News Roundup - Tue, Jul 18, 2017
The Libya Observer
A unit under Al-Bunyan Al-Marsoos forces based in central Libya, destroyed over a ton and a half of redundant and unused ammunition including landmines. The munitions were gathered during a clean up mission in different neighbourhoods of Sirte after ...
LNA moves towards Derna as Hafter says there is still work to do fighting terrorismLibya Herald

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News Roundup - Tue, Jul 18, 2017 - The Libya Observer