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Muammar Gaddafi

  • UPDATE 1-Libya fighting destroys two days oil supply Sunday, 28 Dec 2014 | 10:08 AM ET

    BENGHAZI, Libya, Dec 28- A fire caused by fighting at one of Libya's main export terminals has destroyed more than two days of the country's oil production, officials said on Sunday, as clashes escalated between factions battling for control of the OPEC member nation. A missile hit an oil storage tank last week at the port of Es Sider during fighting between forces...

  • BENGHAZI/ TRIPOLI, Dec 22- Fighting between Libya's competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country's own domestic requirements, officials said. Libya has had two governments and parliaments since a group called Libya Dawn seized the capital...

  • Libya not producing enough oil for own needs, NOC says Monday, 22 Dec 2014 | 10:11 AM ET

    TRIPOLI, Dec 22- Libya's oil output cannot even cover its own needs, the National Oil Corp said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi. OPEC member Libya produced about 1.65 million barrels of crude oil a day the year before Gaddafi's ouster, consuming about...

  • EL SHARARA, Libya, Dec 8- Deep in Libya's southern Sahara, men in army uniforms guard a pipeline at the El Sharara oilfield. Since the 2011 revolution that toppled Muammar Gaddafi, Libya has enjoyed little stability. But rivalries worsened after a group called Libya Dawn seized Tripoli in August, setting up its own government and forcing the recognized Prime...

  • TRIPOLI, Nov 28- Libya's self-proclaimed prime minister has warned that attempts by a rival government in the east to assert control over the oil industry could escalate the political conflict dividing the OPEC member state and force it to break in two. Libya has had two governments competing for power since August when a group called Operation Libya Dawn,...

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...

  • CAIRO, Nov 11- Libya's biggest oilfield, shut down by gunmen last week, may struggle to rebuild production as the conflict splintering the desert nation draws in ever more groups of fighters, including poor southern tribes staking a claim to land resources. The 340,000- barrels-a day El Sharara oilfield was attacked last week by gunmen who shut off a main source...

  • The port closure is the second blow to Libya's oil industry within days after gunmen forced the closure of the southern El Sharara oilfield which used the pump at least 200,000 bpd. The closure will lower Libya's output to around 500,000 bpd, based on previous published figures. Libya's oil industry had recovered in the past few months from a wave of protests at...

  • BENGHAZI/ TUNIS, Nov 5- Gunmen seized Libya's major El Sharara oilfield, looting equipment and shooting as frightened workers sought shelter, oil sources said on Wednesday, in another blow to the country's oil industry which has been subjected to protests and militia blockades. It is Libya's biggest operational field, located in the remote south where rival...

  • BENGHAZI, Nov 5- Libya's major El Sharara oilfield has ceased production after being seized by an armed group, oil ministry sources said on Wednesday. The area near the field, which is deep in Libya's lawless south, has been the scene of fighting between members of the Tuareg and Tibu, two minorities who have complained about neglect and discrimination in the North...

  • BENGHAZI, Nov 5- Libya's major El Sharara oilfield has shut down production after an armed group seized it, oil ministry sources said on Wednesday. The area near the field, which is deep in Libya's lawless south, has been the scene of fighting between rival tribes. Libya is divided between rival tribes and political factions, with two governments vying for...

  • CAIRO, Oct 23- A struggle has broken out for control of Libya's state-run energy sector as rival governments in Tripoli and the east compete for power, but a common interest in maintaining oil revenues will keep exports flowing for now. The OPEC producer has had two governments and parliaments since an armed group took control of Tripoli in August, appointing its...

  • CAIRO/ BENGHAZI, Libya, Oct 17- A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister Abdullah al-Thinni who said oil revenues continued to go to the elected government. Libya is in turmoil, with two competing governments vying for control after Operation Dawn, an umbrella of...

  • HOUSTON, Sept 26- Brent crude futures ended flat on Friday as improving supply and concerns about tepid demand for oil in Europe and China offset concerns about the Middle East conflicts, while U.S. crude rose on supportive economic data from the United States.

  • HOUSTON, Sept 26- Brent crude futures eased in choppy trading on Friday on improving supply and concerns about tepid demand for oil in Europe and China, while U.S. crude rose on supportive data from the United States. Slowing economic activity in Europe and Asia has dampened demand for oil, while supply is on the rise.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude slipped below $97 a barrel on Friday and headed for a third straight month of declines as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq could disrupt oil production.

  • *Libya's oil output increases to 925,000 bpd. LONDON, Sept 26- Brent crude held near $97 a barrel on Friday but headed for its biggest monthly drop since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamist militants in Syria and Iraq would disrupt oil production.

  • UPDATE 4-Brent drops below $97 on rising supply Friday, 26 Sep 2014 | 5:28 AM ET

    *Libya's oil output rises to 925,000 bpd. LONDON, Sept 26- Brent crude fell below $97 a barrel on Friday and headed for its biggest monthly drop since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamic militants in Syria and Iraq would disrupt oil production.

  • *Libya's oil output rises to 925,000 bpd. LONDON, Sept 26- Brent crude fell below $97 a barrel on Friday and headed for its worst month since April 2013 as rising supplies outweighed fears that U.S.-led strikes against Islamic militants in Syria and Iraq would disrupt oil production.