Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • World
  • Mid-East
  • Europe
  • Americas
  • Asia Pacific
  • Africa
  • Syrian Crisis
  • Islamophobia

2 Libyan oil terminals resume operations after blockade ends: NOC

by DAILY SABAH WITH AGENCIES

ISTANBUL Sep 16, 2021 - 10:45 am GMT+3
A Libyan rebel, part of the forces against Libyan leader Moammar Gadhafi, sits next to a pre-Gadhafi flag as he guards outside the refinery in Ras Lanuf, eastern Libya, on March 7, 2011. (AP File Photo)
A Libyan rebel, part of the forces against Libyan leader Moammar Gadhafi, sits next to a pre-Gadhafi flag as he guards outside the refinery in Ras Lanuf, eastern Libya, on March 7, 2011. (AP File Photo)
by DAILY SABAH WITH AGENCIES Sep 16, 2021 10:45 am
RECOMMENDED
A herd of cattles on a street close to Suru in Birnin Kebbi, Nigeria, Nov. 14, 2018. (Getty Images Photo)

Cattle thieves ambush, kill 41 vigilantes in northern Nigeria

nigeria

Libya's National Oil Corp (NOC) announced that export operations at the Es Sider and Ras Lanuf oil terminals have resumed after a blockade ended.

On Wednesday it said operations had also returned to normal at the Hariga oil terminal after protesters had ended their blockade.

Protesters at those two ports and another, Hariga, had been blocking exports since last week and demanding jobs for local people. NOC said on Wednesday that operations had also resumed at Hariga.

A company statement said that NOC's chairperson, Mustafa Sanalla, had held talks with local elders who had helped in bringing an end to the protests.

Security issues in Libya, where a fragile peace process has installed a unity government, have repeatedly threatened to undermine oil output that has topped 1.3 million barrels per day (bpd) this year.

Last year, forces loyal to the putschist Gen. Khalifa Haftar blockaded the main oil terminals in eastern Libya the day before a summit in Berlin on Jan. 19, 2020, and almost entirely halted Libyan oil output for months.

Oil production has plunged by around three-quarters since Haftar launched a blockade. The blockade has also cut off revenue for state institutions operating across the country. In September 2020 Haftar agreed to lift the blockade, which the NOC has estimated resulted in lost revenues of $10 billion.

The putschist general was also accused of selling Libya’s oil through illegal corporations.

According to sources speaking to Ihlas News Agency (IHA), Haftar signed an illegal agreement, ignoring the NOC, to monopolize the oil sector in the country for 10 years and form a parallel company.

The NOC is officially responsible for the extraction, processing, distribution and export of oil in Libya, while oil extracted from the region under the control of Haftar’s forces has to be operated by the Brega oil complex in eastern Libya.

The sources also argued that Haftar’s illegal company would sell the oil through the sea to another company in the United Arab Emirates (UAE).

Oil is the cornerstone of the Libyan economy and the country’s only real source of revenue. Libya is currently ruled by an interim government that includes a three-member Presidential Council and a Cabinet. Its appointment in February under a United Nations-led process has revived hopes of stability in oil-rich Libya. The government is entrusted with leading the country into general elections in December 2021.

For years, the NOC has maintained its independence from Libya’s feuding political players and enjoyed the backing of the international community. However, the NOC has recently faced attempts by the new interim government to tread on its turf.

RECOMMENDED
A herd of cattles on a street close to Suru in Birnin Kebbi, Nigeria, Nov. 14, 2018. (Getty Images Photo)

Cattle thieves ambush, kill 41 vigilantes in northern Nigeria

nigeria
  • shortlink copied
  • Last Update: Sep 16, 2021 12:42 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    libyan crisis libya oil noc
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    A view of the rubble of a building hit by the earthquake in Pazarcık, Kahramanmaraş, Feb. 6, 2023. (AA Photo)

    Death toll rises to 3,549 after magnitude 7.7 quake rocks SE Türkiye

    EARTHQUAKE
    The collapsed part of Gaziantep Castle, Feb. 6, 2023. (DHA Photo)

    Gaziantep Castle collapses after magnitude 7.7 quake hit Türkiye

    EARTHQUAKE

    Deadly quake damages Türkiye's energy infrastructure, major port

    earthquake

    Türkiye declares 7 days of national mourning after earthquakes

    türkiye
    No Image
    Destroyed Russian military vehicles in Ukraine
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021