Archive for the ‘Libya’ Category

Italian Foreign Minister arrives in Libya to meet GNA Prime Minister – Libyan Express

The Italian Foreign Minister Angelino Alfano today held talks in Tripoli with top Libyan officials on peace efforts for the war-wracked country and ways to curb illegal migration to Europe.

Alfano met Government of National Accord head Fayez al- Sarraj and his vice president Ahmad Meitig to discuss efforts being made towards national reconciliation, the GNA said in a statement.

Alfanos trip to Libya came hot on the heels of a two-day visit Thursday and Friday to the oil-rich North African nation by his British counterpart Boris Johnson.

Johnson met Sarraj today and congratulated him on meeting earlier this week in abu dhabi with Libyan military strongman Khalifa al-Haftar, who does not recognise the GNAs legitimacy.

Italy, too, has welcomed the meeting between Haftar and Serraj. The foreign ministry has said that Alfanos visit was aimed at renewing Italys support for peace efforts to ensure Libyas stability.

Alfano and Libyan leaders also discussed ways of curbing the influx of migrants trying to reach Europe from Libya, as authorities Saturday said that hundreds of migrants were rescued by the Libyan coastguard.

The Libyan judiciary in March suspended a deal struck the previous month between Libya and Italy aimed at bolstering joint efforts to stop the flow of migrants.

In April, the Italian government said that a dozen of rival tribes in southern Libya had agreed to cooperate on securing the countrys borders to prevent illegal migration

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Italian Foreign Minister arrives in Libya to meet GNA Prime Minister - Libyan Express

British Foreign Minister visits eastern Libya, meets with HoR Speaker – Libyan Express

The British Foreign Minister, Boris Johnson, arrived Friday in Tobruk, eastern Libya, to meet with the Speaker of the House of Representatives (HoR) Aqilah Saleh, after he met with Tripoli-based GNA officials.

The British FM was accompanies by the British Ambassador to Libya, Peter Millett.

Saleh and the Johnson discussed the UKs support for Libya and how the HoR is backing up new efforts to reach a solution to the current political crisis in Libya.

Saleh also told Johnson that the HoR is ready to form a new committee to keep the dialogue going until a proper solution for Libya and the Libyans is found.

On Thursday, the UK Foreign Minister met with the Head of the High Council of State (HCS) Abdel Rahman Al-Sweihli, in the HCSs headquarters in Tripoli.

The two discussed the joint interests and the mutual relations between the two countries in different fields.

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British Foreign Minister visits eastern Libya, meets with HoR Speaker - Libyan Express

NOC’s Sanalla confident Libya will reach oil production targets – Libya Herald


Libya Herald
NOC's Sanalla confident Libya will reach oil production targets
Libya Herald
Libya's National Oil Corporation chairman, Mustafa Sanalla has dismissed claims by international oil experts that Libya will be unable to increase its oil production to its intended target of 800,000 bpd in 2017 or even by 2018. At a London energy ...
Oil Politics Driving Libya Closer To FailureEnergy Collective

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NOC's Sanalla confident Libya will reach oil production targets - Libya Herald

Breakthrough Libya talks appear to yield deal between rival factions – The Guardian

Khalifa Haftar controls two-thirds of Libya, leaving the UN-backed government increasingly isolated in the capital. Photograph: Esam Al-Fetori/Reuters

Talks between leaders of the two largest rival factions in Libya appear to have reached an outline agreement in probably the most optimistic moment for the war-torn country in many years.

In a diplomatic breakthrough the leader of the UN-backed government, Fayez al-Sarraj, and his rival Khalifa Haftar met on Tuesday in the United Arab Emirates for two hours.

They are scheduled to hold further talks with the Egyptian president, Abdel Fatah al-Sisi, next week. Sisi has been critical to the stop-start reconciliation process, along with Italy and the UAE.

Libya has been wracked by internal divisions ever since the ousting of Muammar Gaddafi in 2011 led to the collapse of the economy and oil production, and to a political vacuum in which human trafficking has proliferated, resulting in mass deaths of refugees trying to cross the Mediterranean to Europe.

Control of the country is split between the UN-backed government in Tripoli and forces loyal to the parliament in the eastern city of Tobruk, which are commanded by Haftar.

No official statement was issued after the Abu Dhabi talks but the unconfirmed reports initially mainly coming from media sources allied to Haftar suggest fresh elections will be held within six months and the UN-backed governments presidency council reduced to three from nine members.

One of the three would be the head of Libyas Tobruk-based parliament and another the head of the armed forces.

The UN has been opposed to the head of the armed forces being in full political control of the country and the proposal puts the position within a clear political framework. At the same time an agreement to hand all military appointments to politicians would be revoked.

There is also said to be an agreement on identifying terrorist groups outside the political process and a fresh call to disband militias.

Haftar controls two-thirds of the country, leaving the UN-backed government increasingly isolated in the capital and unable to deliver basic services. His supporters insists he has never sought to establish a military dictatorship.

The agreement reportedly also calls for an end to foreign interference in army and security affairs. Arms have been supplied by foreign powers across Libyas porous borders ever since the fall of the Gaddafi regime in a Nato-backed operation.

The EU has also been training the Libyan coastguard in an effort to stem the flow of migrants across the Mediterranean, and the UN has been trying to develop a presidential guard.

In a statement welcoming the fact that Hafter and Sarraj had finally met on Tuesday, the UAE lauded the positive atmosphere of the talks and praised the determination shown by the two sides to reach a solution to the current political stalemate in Libya.

The UAE also urged the international community to find a replacement for the UN special envoy to Libya, Martin Kobler, who is due to step down. Political infighting in the international community has blocked a replacement being announced.

Many British Conservative politicians believe the UK in supporting Sarraj has backed the wrong, or ineffective side, but recognise any political agreement will be hard to secure on the ground owing to multiple sources of power in Libya.

UK and US officials are due to discuss its stance at meetings in London next week. There are signs that the US are supporting the process, even by suggesting the Libyans could come to Washington for meetings in June.

The French foreign affairs department broadly welcomed the developments in Libya saying it supports all initiatives aimed at strengthening the dialogue between all the parties in Libya.

Any decision in the agreement on fighting terrorism could however be hard to implement if, as reported, militia forces the Shura Council of Benghazi Revolutionaries and the Benghazi Defence Brigades are to be classified as terrorists because of their ties to al-Qaida. Such a move would almost certainly be rejected by a number of groups in Misrata as well as those allied to the countrys grand mufti, Sheikh Sadik al-Ghariani.

Mattia Toaldo, Libyan expert at the European Council on Foreign Relations questioned whether the outline agreement would ever be implemented. It is significant if Haftar has agreed to a shift in his strategy and said he will stand in elections by March 2018. It is very much Egypts strategy.

If he does win those elections, he would be able to say he has a new legitimate right to get back into Triploi the capital. But it is very doubtful it would be possible to run free and fair elections, and it is not clear why Sarraj, or the Islamist militias in Benghazi that have been supporting him, would agree to this process since he is quite likely to lose, or find themseleevs designated as terrorist groups.

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Breakthrough Libya talks appear to yield deal between rival factions - The Guardian

Oil prices drop 5% as Libya output risks ease – MarketWatch

Oil prices dropped by almost 5% on Thursday, with expectations for a recovery in Libyan crude production and rising U.S. output sending prices back to levels they hadnt seen since before the OPEC output cut deal in November.

The possibility of power-sharing deal in Libya adds to the potential for more supply, said Phil Flynn, senior market analyst at Price Futures Group.

June West Texas Intermediate crude CLM7, -2.48% fell $2.30, or 4.8%, to settle at $45.52 a barrel on the New York Mercantile Exchange. July Brent crude LCON7, -2.15% on Londons ICE Futures exchange fell $2.41, or 4.8%, to end at $48.38 a barrel.

The United States Oil Fund LP USO, -4.73% an exchange-traded product, dropped 4.5%.

Both WTI and Brent, marked their lowest settlements since Nov. 29the day before the Organization of the Petroleum Exporting Countries reached an agreement to cutback production levels.

Read: OPEC faces high-stakes decision as oil drops to 5-month low

For WTI, the $44 level marks key support, and if prices take that level out, they could drop to $38, said Flynn.

Two of the largest factions in Libya have made progress in reaching a deal to resolve the nations political and economic crises, BBC News reported late Wednesday. Clashes between armed groups had caused intermittent shutdowns of Libyas biggest oil field.

A unified Libya could reach 1.5 million [barrels a day] in a few months, and it is excluded from OPEC quotas, said James Williams, energy economist at WTRG Economics, who pegged current Libyan output at about 700,000 barrels a day.

Libya and Nigeria dont have set production limits under OPECs six-month agreement among members to cut output down by a total of roughly 1.2 million barrels from October 2016 levels. In additional to that, some major producers outside of OPEC, including Russia, agreed to cut about 600,000 barrel a day.

OPEC is set to decide whether to extend the pact into the second half of the year, when it meets on May 25 in Vienna.

Williams said Nigeria wants to extend its exemption from quotas, which is a signal it hopes to increase production.

The road to consensus on a new deal remains uncertain and bumpy as just one OPEC member rejecting an agreement would likely be enough to upend the entire effort because the rest of the group would quickly jump back into market-share-first mode by pushing their output back up to pre-cut levels.

That decision is complicated by growing production in the U.S., which isnt subject to the agreement.

U.S. government data released Wednesday showed that weekly domestic crude production rose and inventories fell less than expected, deepening skepticism that production cuts from the Organization of the Petroleum Exporting Countries and its allies arent making a dent in elevated global stockpiles.

On Nymex, after a 1.3% gain Wednesday, June gasoline RBM7, -1.39% fell 3.4% to $1.481 a gallon and June heating oil HOM7, -1.47% lost 4.2% to $1.412 a gallon.

Natural-gas futures extended earlier weakness after the EIA on Thursday reported a larger-than-expected weekly rise in U.S. natural-gas supplies.

Inventories rose by 67 billion cubic feet for the week ended April 28. Analysts polled by S&P Global Platts forecast an increase of 61 billion cubic feet.

June natural gas NGM17, +0.00% settled at $3.186 per million British thermal units, down 4.2 cents, or 1.3%.

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Oil prices drop 5% as Libya output risks ease - MarketWatch