Étiquette : Oil

Loss of revenues due to Libyan oil closure exceed $7.8 billion

08/08/2020 – The National Oil Corporation (NOC) reported on Tuesday the total loss of sales opportunities as a direct result of oil installation closures amounts to 7.841 billion dollars, during the 200 days of force majeure.

The NOC, on its official Facebook page, called for an end to the forced closure of its installations in order for international partners to be able to provide extra support in the fight against the spread of the Coronavirus pandemic.

It is worthy to note that warlord Haftar’s forces closed the oil fields and ports in the country since January last for economic and political gains.

The Libya Observer

Sahel-Elite (Bamako-Mali)

Turkey: Germany taking part in ‘biased’ Operation Irini #Libya

ANKARA/TRIPOLI, Libya

08/08/2020 – Turkey on Thursday criticized Germany for taking part in a « biased » EU initiative to enforce a UN arms embargo on Libya’s warring sides.

After meetings with Libyan Prime Minister Fayez al-Sarraj and Maltese Foreign Minister Evarist Bartolo, Turkish Foreign Minister Mevlut Cavusoglu told reporters that by sending frigates to the initiative, dubbed Operation Irini, Germany endangered its impartiality in the conflict, as well as the legitimacy of the Berlin Conference to end the fighting in the North African country. Continuer à lire … « Turkey: Germany taking part in ‘biased’ Operation Irini #Libya »

Egypt, Greece sign maritime deal to counter Libya-Turkey one

07/08/2020 –  Egypt and Greece on Thursday signed a maritime deal that sets the sea boundary between the two countries and demarcates an exclusive economic zone for oil and gas drilling rights. Continuer à lire … « Egypt, Greece sign maritime deal to counter Libya-Turkey one »

Iran, Senegal review oil, energy, agriculture coop.

18/07/2020 – During the meeting, the two sides discussed the expansion of cooperation in the field of oil, gas, and energy.

The holding of the fifth meeting of the Iran-Senegal Joint Commission as well as the program of the 50th anniversary of the establishment of official relations between the two countries were among the topics discussed during the meeting of Dehshiri and Makhtar Cisse on Friday.

Dehshiri also met and held talks with Minister of Agriculture and Rural Equipment Moussa Balde on Thursday.

The two sides reviewed the development of agricultural cooperation between Iran and Senegal.

Mehr News / Teheran

Sahel-Elite (Bamako-Mali)

 

Libya – National Libyan Army sets conditions for lifting oil blockade

13/07/2020 – In a statement late Saturday, Ahmed al-Mesmari, a spokesman for the LNA, called for oil revenues to flow into a bank account in a foreign country with a ‘clear mechanism’ to distribute funds fairly among Libya’s regions. Continuer à lire … « Libya – National Libyan Army sets conditions for lifting oil blockade »

U.S., Libya Suspect Maduro-Haftar Gold Trade Scheme

11/07/2020 – The United States and Libya are probing a suspected scheme in which eastern Libyan strongman Khalifa Haftar is allegedly paying Nicolas Maduro’s regime in Venezuela U.S. dollars in exchange for gold, The Wall Street Journal quoting Western and Libyan security officials.
Continuer à lire … « U.S., Libya Suspect Maduro-Haftar Gold Trade Scheme »

Libyan Army Says ‘Ready for Any Military Act’

11/07/2020 – The Libyan National Army led by Khalifa Haftar has pledged to deter Turkish forces that are backing Fayez al-Sarraj’s Government of National Accord (GNA) in Libya’s war.

The LNA is “ready for any military act,” it announced on Friday.

Its statement came as Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports as a Vitol tanker loaded at Es Sider after a half-year standstill.

« The increase in production will take a long time, » NOC said.

NOC chief Mustafa Sanalla welcomed the resumption of oil production, saying: « We are very glad finally to be able to take this important step to national recovery. »

The US embassy hailed news that the NOC had lifted force majeure « and resumed its vital work on behalf of all Libyans. »

It vowed to cooperate with the UN mission in Libya to ensure « revenues are not misappropriated but rather preserved for the benefit of the Libyan people ».

France’s embassy also rejected « the militarization of oil installations » and stressed « the importance of preserving NOC neutrality ».

Libya produced 1.22 million barrels per day (bpd) before January and had planned to increase production to 2.1 million bpd by 2024, the NOC said this week.

ASHRAQ AL-AWSAT

Sahel-Elite (Bamako-Mali) |Photo illustration : Author: AFP

Libyan officials meet Eni, NOC CEOs to discuss partnership

09/07/2020 – The head of the presidential council of the Libyan Government of National Accord, Fayez al-Sarraj, met Eni’s CEO Claudio Descalzi and his counterpart at the national oil company NOC, Mustafa Sanalla, on Wednesday. Continuer à lire … « Libyan officials meet Eni, NOC CEOs to discuss partnership »

Jets hit strategic al-Watiya airbase in Libya where Turkey may build base: Sources

06/07/2020 – Warplanes struck overnight at a strategic airbase in western Libya, according to a military source and a nearby resident. The attack happened at the al-Watiya base, which Turkey is reportedly seeking to use to establish a firmer foothold in the country. Continuer à lire … « Jets hit strategic al-Watiya airbase in Libya where Turkey may build base: Sources »

Libyan tribes offer to end oil blockade amid talks over distribution of revenues

01/07/2020 – Libyan tribes loyal to putschist Gen. Khalifa Haftar on Monday offered to end their blockade of the country’s oil production, which has cost Libya over $6 billion since January, as part of a political settlement in the war-torn country. Continuer à lire … « Libyan tribes offer to end oil blockade amid talks over distribution of revenues »