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Muammar Gaddafi

  • MISRATA, Libya, May 20- Libyan steelmaker Lisco is struggling to keep its mill rolling in a war zone, no easy feat when the power cuts off every night, shippers are reluctant to dock and foreign contractors are long gone. Lisco Chairman Mohamed Abdelmalik al-Faqih may have an office overlooking the Mediterranean, but the steel plant in Libya's third-largest city...

  • BENGHAZI, Libya, May 18- A state oil firm controlled by Libya's internationally recognized government has appointed boards for two state-run oil subsidiaries, officials said on Monday. The move signals the determination of a new oil firm based in eastern Libya to get a grip on the country's oil sector contested by two rival governments vying for control of the...

  • *Saudi Arabia raises light crude prices for U.S., Europe. Oil was also supported by news that Saudi Arabia had raised its official selling prices for its Arab Light grade crude to the United States and Northwest Europe, pointing to strong demand in those regions. "Higher OSPs for Europe and the United States seem to point to healthy demand for Saudi oil," Carsten...

  • LONDON, May 5- Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. "The protesters closed the pipeline to the port," said Mohamed El Harari, spokesman for state oil firm NOC, adding that several oilfields in eastern...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Brent crude oil climbed to $67.12 a barrel, up 67 cents and its highest since Dec. 8, before easing back slightly to around $67.00 by...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Brent crude oil was up 55 cents at $67.00 a barrel by 1045 GMT, after touching a 2015 high of $67.10 on Monday.

  • *Saudis consider halt to Yemen bombing for humanitarian aid. LONDON, May 5- Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports. Brent crude oil was down 5 cents at $66.40 a barrel by 0800 GMT, after touching a 2015 high of $67.10 on Monday.

  • UNITED NATIONS, April 28- The European Union sought to reassure Libya on Tuesday that any action being considered by the 28- nation bloc to stem the deadly flow of migrants across the Mediterranean should not be perceived as an attack against the Libyan people. After up to 900 people drowned trying to reach Europe from Libya last week, EU leaders tripled a naval...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognized Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognised Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 migrants were feared dead on Sunday after their boat capsized in the Mediterranean, raising pressure on Europe to face down anti-immigrant bias and find money for support as turmoil in Libya and the Middle East worsens the crisis. If the death toll is confirmed, it will bring to...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 people were feared dead after a fishing boat packed with migrants capsized off the Libyan coast overnight in what officials said may be the Mediterranean's worst disaster as thousands flee poverty and war to Europe. Only last week, around 400 migrants were reported to have died...

  • *One of several options proposed for EU to help Libya. BRUSSELS, April 19- The EU is considering sending warships to the Libyan coast to combat oil and arms smugglers but fears that could encourage more migrants to take to sea in hopes of being rescued and taken to Europe, according to an EU document seen by Reuters. Another option suggested in the paper is that EU...

  • *Oil revenues at heart of struggle for Libya. CAIRO/ BENGHAZI, April 14- Libya's official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli. Foreign buyers had always paid through the NOC and the central bank in Tripoli.

  • *OPEC governor: production cut of at least 800,000 bpd needed. LONDON, April 8- OPEC should change course and cut oil supply by 800,000 barrels per day or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said. "OPEC members, as a unit, need to re-evaluate their strategies," Samir Kamal, Libya's OPEC governor and head of...

  • TRIPOLI, April 5- Libya's Prime Minister Abdullah al-Thinni has said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival self-declared administration in Tripoli. On Sunday, a suicide bomber struck at a checkpoint near the Tripoli- allied town of Misrata, killing at least six people and wounding 40...

  • TRIPOLI, April 5- Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli. On Sunday, a suicide bomber struck at a checkpoint near the Tripoli- allied town of Misrata, killing at least six people, including a woman and...

  • TRIPOLI, April 5- Libya's internationally recognised government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival administration in Tripoli. Until now oil sales and revenues have gone through Libya's central bank and the National Oil Corporation in Tripoli, which...

  • TRIPOLI, April 5- Libya's internationally recognized government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival government in Tripoli. Control of the North African OPEC producer's crude revenues is at the centre of a battle between the two rival governments and...

  • BENGHAZI, Libya, March 27- Forces loyal to a rival Libyan government controlling the capital Tripoli have withdrawn from frontline bases near the country's biggest oil ports, a spokesman said on Friday, raising hopes the ports might soon be reopened. A Tripoli official said the internationally recognised government and the rival administration, which have...