Archive for the ‘Libya’ Category

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

Libya Dinar hits eight to dollar on black market – Libya Herald


Libyan Express
Libya Dinar hits eight to dollar on black market
Libya Herald
Earlier this year, there were forecasts that if no currency exchange reforms were undertaken by the Central Bank of Libya (CBL), it could reach LD 10 by the end of 2017. When it hit seven to the dollar just 12 days ago, the timeline was shortened by ...
Libyan dinar falters as $1 soars to LYD8 while three Libyan governments dilly-dallyLibyan Express

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Libya Dinar hits eight to dollar on black market - Libya Herald

News Roundup – Sun, Apr 9, 2017 – The Libya Observer

Doctors and nurses of Tripoli Oil Clinic have started an open-ended strike protesting the abduction of one of on-duty staff members by an armed group on Thursday.

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The Finance Ministry of UN-installed government has recorded a deficit of LYD 3.4 billion for the first quarter of 2017 state budget. The ministry said the deficit is driven by a 44% lack of oil resources, which amounted to LYD 2.5 billion. It added that fuel subsides have reached LYD 1 billion in the first three months of this year, while telecommunications deficit has reached 100%.

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Speaker of House of Representatives Aqwailah Saleh and Foreign Minister of east Libya government Mohamed Al-Dairi arrived in Guinea on Saturday for talks with President and AU Chairman Alpha Cond over the current political crisis in Libya.According to the media office of HoR, President Cond said the AU is ready to stand with Libyan rivals to reach a compromise. ____________________

Revolutionary forces from south Libya said theyhave taken control of Samnu checkpoint, northeast Sabha, following fierce clashes against Dignity Operation forces.

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The head of Fuel and Gas Crisis Committee Milad Al-Hajrasi said on Saturday they would soon launch a fresh operation against corrupt officials of Brega Oil Marketing, filling stations and oil distribution depots in a bid to crack down on fuel smuggling.He indicated that the operation will be launched in cooperation with the Special Deterrence Force.

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Two armed groups exchanged heavy fire in Zawiya city on Saturday. Local sources said the clashes erupted between Hanish and Khadrwi armed groups in Omer Mukhtar Street and the surrounding areas over power. Two people were wounded while local authorities suspended classes in the areas of clashes.

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The Head of Passport Control Authority in east Libya Michael Atia has contacted the Libyan Civil Aviation Authority to ban nationals from Yemen, Iran, Sudan, Syria, Pakistan and Bangladesh to enter the country. In his letter, he said the ban was ordered by so-called the Supreme Commander of Libyan Arab Armed Force.

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Member of the Constitution Drafting Assembly (CDA) for Tubu tribes, Khalid Abu Bakir, urged his tribes' representatives at the CDA to end their boycott and resume taking part in drafting Libya's constitution, saying it is a historic responsibility. He added that there is a chance for the Tubu tribe to put on the table their demands and ask for certain ones of them to be part of Libya's constitution.

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The UN envoy to Libya, Martin Kobler, met Saturday with the International Criminal Court's chief prosecutor, Fatou Bom Bensouda, in Morocco to discuss the latest about the Libyan crisis. He tweeted saying that the meeting was so vital for discussing the international issues after the national prosecution have failed.

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Mayor Ahmed Araibi has after 7 months in office, Benghazi Municipality reported on Sunday.

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Tatweer Research and MIT Enterprise Forum Pan Arab Region have launched for Entrepreneurs with the aim to foster innovation by the youth and strengthen Libya's economy.

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News Roundup - Sun, Apr 9, 2017 - The Libya Observer

Libya’s Oil Production Set to Rebound as Biggest Field …

Libyas crude production rebounded to about 660,000 barrels a day as the OPEC nations biggest oil field resumed output after about a week of disruption.

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Force majeure on the Zawiya export terminal was lifted after pumping resumed Sunday at Sharara, the nations biggest oil field, Mustafa Sanalla, chairman of Libyas state-run National Oil Corp., said Monday by phone. Libyas overall production is 660,000 barrels a day, according to a person familiar with the matter who isnt authorized to speak to the media and asked not to be identified. Libyas output had dropped to about 500,000 barrels a day last week when production was halted at Sharara, according to the same person.

Libya, with Africas largest oil reserves, is struggling to recover from years of conflict between rival governments and militias. Its production was exempted from the Organization of Petroleum Exporting Countries production cuts, because of its internal strife. Some OPEC members and non-members are calling for the production cuts to be extended beyond June.

"With the lifting, its positive for oil exports out of Libya, Michael Poulsen, oil risk manager at A/S Global Risk Management Ltd. in Middelfart, Denmark, said by phone. "The assumption is that it will continue into the foreseeable future, he said, cautioning that the security situation is not 100 percent resolved."

Libyas increased oil output would have a bearish effect, but right now the market is more focused on potential extended cuts by OPEC, he said.

Libyas NOC had declared force majeure on Sharara crude last Tuesday, a clause which relieves it from delivery obligations due to circumstances outside its control. The same restrictions are in still place for loadings from the Wafa oil field and the Mellitah export terminal, Sanalla said. Shararas production resumed Sunday, with output at 160,000 barrels a day, according to the person familiar.

Libya has sought to boost crude exports after fighting among rival militias hobbled oil production following the overthrow in 2011 of Moammar Al Qaddafi. The conflict showed signs of calming in recent months, with oil output rising from as little as 260,000 barrels a day in August, according to data compiled by Bloomberg. Libya pumped 1.6 million barrels daily before Qaddafis ouster.

The vessel Minerva Kythnos, currently north of Malta, will arrive at 11 p.m. Tuesday to load 700,000 barrels of Sharara crude at Zawiya, according to three people familiar with shipments from the port.

Sharara, which was producing 221,000 barrels a day before the halt, is operated by a joint venture between NOC and Repsol SA, Total SA, OMV AG and Statoil ASA. The fields total capacity is 330,000 barrels a day. The Eni SpA-developed Wafa oil field, further to the west near the Algerian border, has capacity to produce about 35,000 barrels a day.

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Libya's Oil Production Set to Rebound as Biggest Field ...

In Syria, heed the lessons of Libya and Iraq: Forgo regime change, seek congressional authorization – Washington Examiner

President Trump prayed for "God's wisdom" on Thursday night while announcing the U.S. bombing of a Syrian airfield. We're not in the position to provide that, but here's man's wisdom, which should be crystal clear to anyone who has lived through the past two decades:

A war to take out Syrian President Bashar Assad would be a disastrous folly that would endanger American security, aid the Islamic State and al Qaeda, and may not make the innocents in Syria any safer.

Trump needs to reject the voices in Congress and the media calling for regime change, and find a way to limit his military strikes as narrowly as possible to his stated goal of deterring Assad's chemical attacks. And if Trump wants to keep the threat of future strikes in his quiver, he should immediately seek a congressional authorization.

Assad is an evil and murderous dictator. That doesn't mean the world will be better off if we kill him or depose him by force. Recall that Saddam Hussein and Moammar Gadhafi were evil and murderous dictators.

George W. Bush's regime change in Iraq was a mistake. It destabilized the region, empowered and emboldened Iran, aided al Qaeda, and created an environment where the Islamic State could flourish and grow. The war cost thousands of American lives, hundreds of billions of American dollars, and all of President Bush's political capital.

We took out something bad, and something worse took its place. Then we got bogged down in years of deadly, costly, ugly nation-building.

Barack Obama's regime change in Libya was also a mistake. First, it trampled the Constitution because he never sought congressional authorization. As in Iraq, decapitating Libya created a vacuum into which all sorts of terrorist and militants swarmed.

Obama didn't do the lengthy costly nation-building. He just cut and run from Libya. The country became a safe haven and a recruiting ground for the Islamic State. The chaos, the weapons and the Islamic State spread from Libya into surrounding countries. Again, taking out something bad made room for something worse.

It's not guesswork or pessimism to say a similar thing would happen in Syria. We know who would rush in to fill the void if we eliminated the Assad regime, because they are already perched right there on the doorstep of Damascus: the Islamic State and al Qaeda affiliate Jabhat al-Nusra.

Also from the Washington Examiner

President Obama's former deputy national security adviser indicated Saturday that he isn't very happy with President Trump's decision to hit a Syrian air base with missiles.

Trump's missile strike, which was retaliation for Syria's use of chemical weapons, drew instant comparisons to Obama, who warned the U.S. would act if Syria used chemical weapons.

Obama did nothing after Syria crossed that "red line" of Obama's, and many said Trump was the one to finally enforce Obama's ultimatum years later.

But in an early Saturday morning tweet, Rhodes suggested that Trump's strike was only aimed at boosting his press coverage, and seemed to warn reporters against helping him achieve this.

04/08/17 4:04 PM

The experience in Iraq should show us how unlikely we are to successfully install a friendly or liberal government in place of Assad. We have no idea what the appetite amongst Syrians for such a government, or what a "popular government" in Syria would look like. Given the raging civil war, pervasive sectarianism, Russian involvement, ubiquitous weapons, and multiple terrorist groups, Syria is even more complicated than Iraq was.

United Nations Ambassador Nikki Haley spoke prudently when she said, "We are prepared to do more, but hope that won't be necessary."

This is a reasonable stance (and it may in the end prove wise), but it raises another pressing question: legality. If Trump wants to maintain the threat to strike Syria's military if the regime uses chemical weapons again, he must seek congressional approval.

Seeking congressional authorization would allow a debate, which is fitting in a democracy. It wouldn't tip our hand (a constant concern of Trump's), but instead would stand as an ultimatum.

Time will tell if Thursday's Tomahawk strike and Trump's pledge to retaliate against chemical weapons use is wise and effective. But when the question of regime change comes up, time already has told us how that will turn out.

Also from the Washington Examiner

Trump defended the strike as a way to defend the "vital national security and foreign policy."

04/08/17 2:55 PM

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In Syria, heed the lessons of Libya and Iraq: Forgo regime change, seek congressional authorization - Washington Examiner