GO
Loading...

Muammar Gaddafi

  • Libya's oil industry remains vulnerable to protests Wednesday, 9 Jul 2014 | 3:46 PM ET

    TRIPOLI, July 9- Libya's oil industry hopes life will return to normal now that a wave of protests has ebbed, but it will take months to ramp up production and more unrest is in prospect as political chaos spreads in the North African country.

  • TRIPOLI, July 2- Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.

  • TRIPOLI, July 1- Libyan rebels blockading key eastern oil ports have agreed to reopen the remaining two terminals at Es Sider and Ras Lanuf on Wednesday, a rebel spokesman said, in a "goodwill gesture" that could restore a big part of the OPEC country's lost exports. Since last summer, the port seizures have crippled Libya's oil industry.

  • *Iran drafting incentives for foreign investors. DUBAI, June 25- With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms.

  • *Overdue budget totals $47 bln, funding unclear. TRIPOLI, June 22- Libya's parliament approved the overdue 2014 budget worth $47 billion on Sunday, its spokesman said, after six months of haggling over how to replace crucial oil revenues lost due to almost a year of protests.

  • TRIPOLI, June 22- Libya's eastern Hariga oil port has reopened and received a first tanker loading oil, a spokesman for state-owned National Oil Corp said on Sunday after the government paid salaries of protesting state security guards at the terminal.

  • TRIPOLI, June 11- Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year even though lawmakers have not voted on it.

  • TRIPOLI, June 11- Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year, even though lawmakers have not voted on it.

  • Libya arrives for OPEC with exports at a trickle Monday, 9 Jun 2014 | 3:42 PM ET

    LONDON, June 9- Libya's attendance at Wednesday's OPEC meeting will be an oddity for historians of the oil exporters club- a member with virtually no oil for sale.

  • TRIPOLI, June 6- Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said.

  • *Libya burning reserves due to oil export blockade. TRIPOLI, June 3- Libya's currency is under heavy pressure as a breakdown in security and a collapse of oil revenues due to port blockades have badly disrupted public finances and an economy already burdened by exploding state salary and subsidy bills.

  • SINGAPORE, May 29- Brent futures held near $110 a barrel on Thursday on hopes of improved demand from the world's top oil consumer, the United States, as a sharp fall in U.S. gasoline stocks added to recent data pointing to a stronger economy.

  • *U.S. gasoline falls after Monday's Memorial Day holiday. *Libya oil output 160,000 bpd vs 1.4 million pre-uprising. NEW YORK, May 27- Crude oil futures edged lower on Tuesday as traders took profit after a long holiday weekend, with prices supported by violence in Ukraine and expectations for a draw on U.S. crude stocks at the Cushing, Oklahoma hub.

  • *Libya oil output 160,000 bpd vs 1.4 million pre-uprising. *Libya rebels don't recognise new govt, blockade continues. U.S. gasoline fell nearly 3 cents to $2.9940 a gallon as traders sold long positions taken before Monday's holiday in the U.S. for Memorial Day, which marks the start of the summer driving season.

  • *Libya oil output 160,000 bpd vs 1.4 million pre-uprising. *Libya rebels don't recognise new govt, blockade continues. U.S. gasoline fell 2 cents to $3.0026 a gallon as traders sold long positions taken before Monday's holiday in the U.S. for Memorial Day, which marks the start of the summer driving season.

  • TRIPOLI, May 25- Libya's new Prime Minister Ahmed Maiteeq won a vote of confidence from parliament on Sunday in defiance of a renegade former army general who has challenged the assembly's legitimacy.

  • TRIPOLI, May 25- Libya's new Prime Minister Ahmed Maiteeq won a vote of confidence from parliament on Sunday in defiance of a renegade former army general who has challenged the assembly's legitimacy. Another lawmaker confirmed the votes for Maiteeq, a businessman who will be Libya's third premier since March after months of unrest in the OPEC oil producer.

  • TRIPOLI, May 25- Libya's parliament on Sunday prepared to vote under heavy security to approve a new government a week after forces loyal to a renegade former general attacked the congress to demand lawmakers hand over power.

  • LONDON, May 21- Oil rose to $110 a barrel on Wednesday, supported by an industry report showing U.S. crude inventories unexpectedly fell last week and persistent disruption to Libya's output amid renewed fighting. "There are various issues- the API's surprising crude stock draw and Libya is also an important one," said Tony Machacek, a broker at Jefferies Bache.

  • Renegade ex-general steps into Libya's militia fray Tuesday, 20 May 2014 | 6:31 AM ET

    *Western governments fear chaos in Libya could spread to neighbors. ALGIERS/ TRIPOLI, May 20- When a dispute erupted over dissolving Libya's parliament last February, a former general dressed in full army uniform made a surprise television broadcast calling on the military to "rescue" the country.