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Muammar Gaddafi

  • 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...

  • 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...