Archive for the ‘Libya’ Category

Oil rises on Libyan field shutdown, Syria – The Globe and Mail

Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libyas largest oilfield and heightened tension over Syria following the U.S. missile strike.

Libyas Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil terminal, a Libyan oil source said. The field had only just returned to production, after a week-long stoppage ending in early April.

It means that at least one potential source of additional supply has fallen away for the time being, said Carsten Fritsch of Commerzbank, referring to the Libyan outage.

Brent crude, the global benchmark, rose 68 cents to $55.92 at 1209 GMT, not far from the one-month high of $56.08 reached on Friday. U.S. crude was up 63 cents at $52.87.

Oil also climbed on heightened tension in the Middle East, a region that is home to more than a quarter of the worlds oil output. Crude rallied last week after the United States fired missiles at a Syrian government air base.

The developments in Syria should be factored in as an additional risk premium in the oil price going forward, especially now that oil inventories are drawing down and the market is no longer in massive surplus, said Bjarne Schieldrop, analyst at SEB.

He expects Brent to average $57.50 in the second quarter, which means we are likely to see $60 printed at times during this period.

Libyas Sharara field was previously shut for a week until April 2. The OPEC state has been pumping a fraction of potential output for most of the time since the 2011 civil war because of conflict and unrest.

Oil prices have also been supported by a deal led by the Organization of the Petroleum Exporting Countries to cut output by 1.8 million barrels per day for the first six months of 2017. Libya, and another OPEC member Nigeria, are exempt from cuts.

Last weeks rise in prices was due to the relatively high OPEC adherence to the supply cut agreement and the general belief that the deal will be extended and, secondly, because of geopolitical developments, Tamas Varga of oil broker PVM said.

However, the price rally has been limited, as oil price gains have encouraged production in other countries such as the United States, filling some of the gap left by OPEC-led cuts.

U.S. drillers added oil rigs for a 12th straight week, Baker Hughes said on Friday, as energy companies boost spending on new production.

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Oil rises on Libyan field shutdown, Syria - The Globe and Mail

US to confront those who commit ‘crimes against innocents,’ says Tillerson – CBC.ca

The United States will stand up against anyone who commits crimes against humanity, U.S. Secretary of State Rex Tillerson said on Monday, less than a week after Washington launched missile strikes in response to a reportedSyrian chemical attack.

"We rededicate ourselves to holding to account any and all who commit crimes against the innocents anywhere in the world," Tillerson told reporters while commemorating a German Nazi massacre committed in Italy in 1944.

The U.S. attacked the Syrian air base last Friday in retaliation forwhat it said was a chemical weapons assault on April 4 by Syrian President Bashar al-Assad that killed dozens of civilians, including many children.

Tillerson is in Italy for an annual meeting for the Group of Seven major industrialized nations. Foreign ministers were expected to to seek clarityfrom the United States on an array of issues, especially Syria.

The meeting in the Tuscan walled city of Lucca, the first since Donald Trump became U.S. president, brings together Canadian Foreign Minister Chrystia Freeland, British Foreign Secretary Boris Johnson and others.

The two-day summit comes at a moment when the United States is sending a Navy carrier strike group toward the Korean Peninsula to provide a physical presence following North Korea's persistent ballistic missile tests.

But the civil war in Syria is likely to dominate talks, with Italy hoping for a final communiqu that will reinforce United Nations' efforts to end six years of conflict.

Freeland told CBC's Power and Politics on April 7, "now it's time to push even harder for a diplomatic solution and time to apply real pressure on the Syrian regime and on its patrons, Russia and Iran, to recognize a war crime was committed this week. It's time for them to get to the table, it's time for this war to end."

"Now it's time for the international community, in particular Canada with the United States and with out G7 allies, with our NATO allies, to talk about next steps," she said.

Canadian Foreign Minister Chrystia Freeland is shown speaking to reporters on March 31 at a meeting of NATO foreign ministers in Brussels on March 31. (Virginia Mayo/AFP/Getty Images)

The meeting will give Italy, Germany, France, Britain, Canada and Japan their first chance to grill Tillerson on whether Washington is now committed to overthrowing Syrian President Bashar al-Assad.Trump had hinted he would be less interventionist than his predecessors and more willing to turn a blind eye to human rights abuses if it was in U.S. interests.

Italian Foreign Minister Angelino Alfano, who is hosting the meeting, said Europe's broad support for the U.S. military strikes on Syria last week in retaliation for what it said was a chemical attack by Assad's forces on Syrian civilians had contributed to a "renewed harmony" between the United States and its partners.

"'We need to remember that not 10 years ago, but 100 or 120 days ago, the concern in Europe was that the United States and the EU were moving apart," Alfano told Sky TG24 Sunday. "I welcome this renewed harmony."

But the U.S. strikes likely confounded many other diplomats. There is uncertainty over whether Washington now wants Assad out, as many Europeans are pushing for, or whether the missile strikes were simply a warning shot.

The U.S. Ambassador to the United Nations Nikki Haley said at the weekend that regime change in Syria was a priority for Trump, while Tillerson said on Saturday the first priority was the defeat of Islamic State.

Chrystia Freeland on Syria: 'It's time for this war to end'8:36

The mixed messages have confused and frustrated European allies, who are eager for full U.S. support for a political solution based on a transfer of power in Damascus.

"The Americans say they agree, but there's nothing to show for it behind [the scenes]. They are absent from this and are navigating aimlessly in the dark," said a senior European diplomat, who declined to be named.

Russia was kicked out of the club of industrialized nations, formerly the G8, after its 2014 annexation of Ukraine's Crimea region and assistance for pro-Russian separatists in eastern Ukraine.

Britain's Johnson, who had been due to visit Russian counterpart Sergey Lavrov in Moscow ahead of Monday's G7 meeting, cancelled the trip at the last minute, saying the chemical attack had "changed the situation fundamentally."

He said that instead he would work with the United States and other G7 nations "to build co-ordinated international support for a cease-fire on the ground and an intensified political process."

Tillerson is due to travel to Russia after the G7 gathering, and Johnson said he will deliver a "clear and co-ordinated message to the Russians."

The foreign ministers' discussions will prepare the way for a leaders' summit in Sicily at the end of May.

Efforts to reach an agreement on statements and strategy ahead of time a normal part of pre-meeting G7 diplomacy has gone very slowly, partly because of a difficult transition at the U.S. state department, where many key positions remain unfilled.

Some issues, such as trade and climate change, are likely to be ducked in Tuscany.

"The more complicated subjects will be left to the leaders," said an Italian diplomat, who declined to be named because he was not authorised to speak to the press.

However, the foreign ministers will talk about Libya.

Italy is hoping for vocal support for a United Nations-backed government in Tripoli, that has struggled to exert its influence in the city, let alone in the rest of the violence-plagued north African country.

"I have to say, the Libya experiment did not go well. We are still paying the price," Alfano said, referring to the lawlessness that has ensued since the killing of longtime dictator Moammar Gadhafi and the subsequent flow of migrants to Europe via Italy.

The Trump administration has not yet defined a clear policy and Rome fears Washington may fall into step with Egypt, which supports general Khalifa Haftar, who operates in eastern Libya.

The struggle against terrorismm,relations with Iran and on-going instability in Ukraine will also come up for discussion.

Syrian victim describes chemical attack1:48

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US to confront those who commit 'crimes against innocents,' says Tillerson - CBC.ca

Ras Ajdair border between Libya and Tunisia is open, officials say denying rumors – Libyan Express

The Ras Ajdair border crossing between Libya and Tunisia is still open from both sides with normal travelling movement, according to officials working at the border from both countries.

On Sunday rumors spread on social media saying that the Tunisian part of the border had been shut disallowing travelers from getting into Tunisia or departing it to Libya in protest of the strict measures taken by the Libyan gas and fuel commission against fuel smuggling from Libya to Tunisia.

According to certain social media pages, clashes in Al-Zawiya on Sunday between armed groups affected the Ras Ajdair border crossing as well and obliged its shutdown, however, officials denied such a procedures altogether.

Nevertheless, the clashes led to the shutdown of Sharara oilfield once again disallowing oil to flow to Al-Zawiya oil refinery, which will again cause Libyan oil output to fall tremendously after an ephemeral healing.

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Ras Ajdair border between Libya and Tunisia is open, officials say denying rumors - Libyan Express

Libya and Uganda in hot legal argument over UTL – Libyan Express … – Libyan Express

The Libyan government has issued a warning to the Ugandan government over the latters move to repossess shares of the Libyan government in Uganda Telecom Limited (UTL).

The Libyan government counsel in Uganda, made the remark shortly after the Ugandan government made the decision to take over the assets and liabilities of the indebted Telecom company in which the Libyan government owns 69% majority share. Africa News reported on Sunday.

Libya acquired the controversial shares in 2010. However, due to the collapse of the Gaddafi regime in 2011, UTL has been facing financial challenges as a result of poor management.

However, Uganda government this week, announced that the government had repossessed the telecommunications firm after Libyans refused to provide further funding, Africa News added.

Lawyer of the Libyan Ucom company Charles Mugoya says the decision by the Uganda government to take over the affairs and management of UTL with immediate effect and to engage Ucom for an orderly transition is not in conformity with law, according to Africa News.

Uganda Minister of Finance Matiya Kasaija and Secretary to Treasury at the Ministry of Finance Keith Muhakanizi say the takeover of Libyas assets and Liabilities was long overdue, Africa News indicated.

It is expected that the position of the Uganda government may cause a diplomatic impasse between the two countries, it explained.

However, despite the decision to discontinue funding UTL, the majority shareholders of the company expects the Uganda government to comply with applicable laws and best practices concerning the protection of its investment in UTL, Africa News concluded.

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Libya and Uganda in hot legal argument over UTL - Libyan Express ... - Libyan Express

Egyptian terror attack could be repeated in Libya if LNA not armed: HoR – Libya Herald

Egyptian terror attack could be repeated in Libya if LNA not armed: HoR
Libya Herald
The House of Representatives (HoR) has again called on the UN to lift its arms embargo on Libya so that the Libyan National Army can prevent terrorist attacks being carried out in the country similar to those in Egypt today. The international community ...

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Egyptian terror attack could be repeated in Libya if LNA not armed: HoR - Libya Herald