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Muammar Gaddafi

  • *Morgan Stanley colleagues pay glowing tributes. LONDON/ NEW YORK, Feb 26- The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound government rescue looks set to guide it back to private hands. Davies, then deputy governor of the Bank of England, was asked to create a new city...

  • SINGAPORE, Feb 23- U.S. crude futures dropped on Monday as key producer Libya resumed oil exports from the eastern port of Zueitina after an almost year-long halt, adding to a global glut that has weighed on prices since June. *U.S. crude for April delivery was down 52 cents at $50.29 a barrel by 2338 GMT. *April Brent crude slipped 42 cents to $59.80 a barrel.

  • *Exports of oil from Zueitina port resume. *Libya also hopes to restart Hariga port soon. BENGHAZI/ TRIPOLI, Libya, Feb 22- Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday.

  • MILAN, Feb 17- Italy's Eni said on Tuesday it had reduced the number of expatriates working in Libya but was continuing to produce oil and gas in a regular way in the country. In a comment emailed to Reuters, an Eni spokesman said its expatriates and local workers in Libya were enough to guarantee normal production activities in the country. "The presence of Eni...

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices were little changed on Monday after touching their highest nearly two months, as gains in the dollar following the collapse of Greek debt talks offset growing violence in Libya and concerns over exports from Kurdistan. Egypt bombed Islamic State targets inside Libya on Monday and...

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices rose to their highest in nearly two months on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and a threat to withhold exports from Iraq's semi-autonomous Kurdish region. Egypt bombed Islamic State targets inside Libya on Monday and...

  • *Egypt bombs Islamic State targets in Libya. LONDON, Feb 16- Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and predictions of lower supply in the second half of the year. Egypt bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a U.S.-led coalition to...

  • *Egypt bombs Islamic State targets in Libya. LONDON, Feb 16- Oil rose to near $62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants in Libya and predictions of lower supply levels in the second half of the year. Egypt's air force bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a...

  • TRIPOLI, Feb 10- Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that threatened to further cut the OPEC country's petroleum production that is already battered by factional fighting over two export terminals. The threat to shut down Hariga port illustrated the fragility of oil shipments from Libya, where two rival governments and...

  • TRIPOLI, Feb 10- Libya will exhaust its wheat reserves in two or three months unless a state fund tasked with ensuring supplies receives money held up as a result of the political turmoil gripping the country and a slump in oil revenues, a top official said. Air strikes on the western port of Misrata have made shippers reluctant to deal with Libya, while local banks...

  • BENGHAZI/ TRIPOLI, Libya, Feb 9- Libya was trying to end a strike at the port of Hariga so that it can reopen the country's last working onshore export terminal there and prevent the closure of its largest still functioning oilfield, officials said on Monday. On Saturday, Libya shut most operations at the eastern port, located near the border with Egypt, after...

  • TRIPOLI, Feb 5- Libya's only commercial flight link to mainland Europe was severed on Thursday when the state carrier said its foreign partner had pulled out of the country after a deadly attack last week on a Tripoli hotel. The Georgia- based company that provided the planes and crews had decided to quit Libya for security reasons, Afriqiyah said in a statement.

  • MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...

  • TRIPOLI, Jan 26- Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripoli told Reuters. Its oil minister, Mashallah Zwai, told Reuters in an interview that Libya is producing 362,780 bpd of oil, showing a...

  • TRIPOLI, Jan 22- The United Nations on Thursday condemned a reported attack on an office of Libya's central bank in the eastern city of Benghazi, calling for an inquiry into the incident that has complicated talks between the country's warring parties. The U.N. last week brought together in Geneva some of Libya's rival factions in an attempt to negotiate an end to...

  • CAIRO, Jan 6- The central bank is burning through its foreign reserves and many government services are being cut as Libya reels under the effects of a collapse in oil revenues caused by factional fighting that threatens to tear the country apart. As the fighting has knocked out most oilfields and ports, oil exports have fallen below 300,000 barrels a day, less...

  • CAIRO, Jan 6- The central bank is burning through its foreign reserves and many government services are being cut as Libya reels under the effects of a collapse in oil revenues caused by factional fighting that threatens to tear the country apart. As the fighting has knocked out most oilfields and ports, oil exports have fallen below 300,000 barrels a day, less...

  • BENGHAZI, Libya, Dec 31- Libya has made progress containing a fire at its largest oil port that has destroyed four days of the country's oil production but the damage to storage tanks will hamper efforts to resume exports, officials and industry insiders said. Both sides command forces made up of former rebel troops which helped oust Gaddafi but which are now...

  • NEW YORK, Dec 29- Crude oil prices on tumbled Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009. News of further damage Libya's oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output...

  • NEW YORK, Dec 29- Crude oil prices fell on Monday, giving up early gains as traders and investors bet that fighting in Libya would not take much of a bite out of global production. Prices rose early on concerns about the damage in Libya, after an oil official said the country's two largest ports, Es Sider and Ras Lanuf, were being kept shut. "Everyone's trying to put the...