Archive for the ‘Libya’ Category

OPEC production grew in May as Libya, Nigeria recover – Houston … – Chron.com

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General view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Thursday, May 25, 2017. (AP Photo/Ronald Zak)

General view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria, Thursday, May 25, 2017. (AP Photo/Ronald Zak)

A M249 light machine gun used by Libyan rebels in the Western front line town of Gualish is seen at the entrance of the deserted town July 12, 2011. AFP PHOTO / MARCO LONGARI (Photo credit should read MARCO LONGARI/AFP/Getty Images)

A M249 light machine gun used by Libyan rebels in the Western front line town of Gualish is seen at the entrance of the deserted town July 12, 2011. AFP PHOTO / MARCO LONGARI (Photo credit should read MARCO

OPEC production grew in May as Libya, Nigeria recover

OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows.

The Saudi-led cartel put out 32.12 million barrels of oil a day last month, up by 270,000 barrels a day in the month before, according to an S&P Global Platts survey released on Friday. That marks OPEC's first monthly increase since it began slashing production earlier this year.

In Libya, daily oil production rose by 180,000 barrels to 730,000 barrels, with the bulk of the increase coming from a massive field that had stopped producing oil for months. Nigeria's daily output climbed by 80,000 barrels to 1.73 million barrels, as exporters began sending out shipments from its previously shuttered Forcados terminal.

"The biggest problem OPEC is facing is the return of oil from Libya and Nigeria, and accommodating them," said Andy Lipow, president of Lipow Oil Associates in Houston. "It just means there's more oil on the market."

Related: Shale oil on the rise, EIA says

In Iraq, oil producers raised daily output by 70,000 barrels to 4.43 million barrels. Those increases were offset by reductions in Algeria and Saudi Arabia, the Platts data show.

Related: OPEC weighs production cuts as shale surges

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OPEC production grew in May as Libya, Nigeria recover - Houston ... - Chron.com

Libya government cuts relations with Qatar – Hindu Business Line

Dubai, Jun 5:

Following suit, one of Libyas three rival governments has announced cutting diplomatic relations with Qatar, after four Arab countries severed ties.

Mohammed alDeri, the Libyan foreign minister of the interim Libyan government, accused Qatar of harbouring terrorism according to a Libyan official agency LANA.

The Interim government is affiliated with the internationally recognised House of Representatives and is based in eastern Libya.

Another internationally recognised Government of National Accord is seated in Tripoli and brokered by the United Nations. A third rival government is also based in Tripoli.

The eastern Libyan power players have always accused Qatar and Turkey of backing Islamists in Libya, including the Muslim Brotherhood.

Libya sank into lawlessness after the ouster and killing of longtime dictator Moammar Gadhafi in 2011.

(This article was published on June 5, 2017)

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Libya government cuts relations with Qatar - Hindu Business Line

Libya loses friendly match to Egypt – The Libya Observer


The Libya Observer
Libya loses friendly match to Egypt
The Libya Observer
Libyan national football team has lost 0-1 against Egyptian national team of local players in Cairo. The two teams finished the first half 0-0, with the Libyan team improving in performance in the second half after the substitutions. The Egyptian only ...

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Libya loses friendly match to Egypt - The Libya Observer

Libya wants to try Qatar at the ICC, Libyan eastern ambassador to Saudi Arabia says – Libyan Express

Libyan Eastern Ambassador to Saudi Arabia, Abdelbasit Al-Badri. (Photo: Internet)

The Libyan eastern ambassador to Saudi Arabia, Abdelbasit Al-Badri, said the Tobruk-based House of Representatives (HoR) wants to file a lawsuit against Qatar at the International Criminal Court (ICC) for what he said the crimes it committed against Libya and Libyan people.

We are trying to do so with the help of the Kingdom of Saudi Arabia. Libyans are trying to bring back peace and security, however; Qatar has always helped divide Libyans. Al-Badri said.

Al-Badri, according to Downtown news page, also said that Qatar attempted to assassinate Khalifa Haftar, the commander of the self-styled army in eastern Libya, but it had failed, adding that it also tried to bomb the HoR headquarters in Tobruk and also failed.

Qatar hindered the implementation of the Libyan Political Agreement that was signed in Skhirat, Morocco since December 2015, attempting to divide Libyans from the inside.

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Libya wants to try Qatar at the ICC, Libyan eastern ambassador to Saudi Arabia says - Libyan Express

Haftar’s forces nab ICRC aids truck en route to Derna – The Libya Observer


The Libya Observer
Haftar's forces nab ICRC aids truck en route to Derna
The Libya Observer
The so-called Omar Al-Mukhtar Brigade of Dignity Operation in eastern Libya confiscated aids laden in a truck for the International Committee of the Red Cross (ICRC) as it was heading to Derna city. Derna city has been besieged by Dignity Operation for ...

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Haftar's forces nab ICRC aids truck en route to Derna - The Libya Observer