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Wars and Military Conflicts Muammar Gaddafi

  • CAIRO, Aug 23- A state oil firm loyal to Libya's official government based in the east of the country has invited foreign oil firms to discuss existing oil purchase contracts at a conference in Dubai next month, it said in a statement. The move is a fresh attempt by Libya's internationally recognised government to control state oil firm NOC, which is at the centre of...

  • BENGHAZI, Libya/ CAIRO, Aug 15- Libya's oil production is between 350,000 and 380,000 barrels a day, the new chairman of a state oil firm based in eastern Libya said on Saturday. Production is less than a quarter of what the OPEC producer used to pump before an uprising toppled Muammar Gaddafi in 2011.. The move is largely symbolic as oil production and the marketing...

  • BENGHAZI, Libya, Aug 15- Libya's internationally recognized government has appointed Naji al-Maghrabi as chairman of its state oil firm NOC based in the east of the country, an oil official said on Saturday. The move is largely symbolic as oil production and the marketing of exports are controlled by the established state oil firm, also known as NOC, in Tripoli...

  • TRIPOLI/ BENGHAZI, Libya, Aug 12- Libya's internationally recognised Prime Minister Abdullah al-Thinni said in a television interview that he would resign, after the station's host confronted him with questions from angry citizens who criticized his cabinet as ineffective. "I officially resign and I will submit my resignation to the House of...

  • LONDON/ CAIRO, July 31- Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil. The risks are now so high ship owners should contact their insurers before each trip, said Jonathan Moss, head of transport with...

  • SINGAPORE, July 28- Britain on Tuesday said it would clamp down on the use of "dirty money" to buy up expensive properties, promising to expose the owners of anonymous foreign shell companies hiding cash in London's buoyant housing market. Prime Minister David Cameron, speaking in Singapore on a regional trade visit, said the promise was part of anti-corruption...

  • LONDON, July 17- A would-be leader of Libya's $67 billion sovereign wealth fund warned on Friday that conditions were not right to start unfreezing and managing the funds assets, speaking out against a rival's plan. AbdulMagid Breish, once the undisputed leader of the Libyan Investment Authority- which has had four chairmen claiming the top job over two years- is...

  • WITNESS-A front-row seat as Libya's hopes faded Wednesday, 8 Jul 2015 | 5:48 AM ET

    But the episode shows how Libya had changed since rebels toppled Muammar Gaddafi in August 2011. Back then, young fighters in Tripoli had celebrated into the night after they seized Gaddafi's Bab Aziziya compound. Libya is split between two rival governments: an official one, which has decamped to Tobruk in the east, and an unrecognized one in the capital Tripoli.

  • OSLO, July 7- A Norwegian court sentenced four former top executives at Yara, the world's biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway's biggest corruption scandals. Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya- including to the family of former...

  • The crisis has prompted the authorities in Tripoli, who control much of western Libya, to plan cuts to petrol subsidies, to delay public salary payments and to ban on imports from cars to steel. Libya needs $30 billion to fund imports annually and typically spends $40 billion on its budget. "Libya is on the verge of economic and financial collapse," U.N.

  • UPDATE 4-Oil prices edge down as dollar strengthens Monday, 25 May 2015 | 6:58 AM ET

    LONDON, May 25- Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.

  • LONDON, May 25- Crude oil futures dipped below $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping oil trading volumes muted. Front-month Brent crude fell 62 cents to $64.75 a barrel by 0828 GMT. U.S. crude was down 46 cents at $59.26 a barrel.

  • UPDATE 1-Oil prices edge up on firm Asian, U.S. demand Sunday, 24 May 2015 | 11:21 PM ET

    SINGAPORE, May 25- Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of...

  • Oil prices edge up on firm Asian, U.S. demand Sunday, 24 May 2015 | 8:57 PM ET

    Front-month Brent crude prices were up 6 cents at $65.43 per barrel at 0045 GMT. U.S. crude prices were also up 6 cents at $59.78 a barrel. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of Finance said on Monday.

  • 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.