Skip to content

Oil crisis in Libya reaches agreement with rebels

By Catholic Online (NEWS CONSORTIUM)
7/6/2014 (3 years ago)
Catholic Online (https://www.catholic.org)

Seizure of oil ports has hindered African nation's oil industry

The North African nation of Libya, free from the iron grip of Colonel Moammar Khadafy has declared that their oil crisis has reached a diplomatic end. Libya's acting Prime Minister Abdullah al-Thinni says that the government has reached a deal with a rebel leader controlling oil ports to relinquish the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.

The ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago in a bid for more regional autonomy.

The ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago in a bid for more regional autonomy.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (https://www.catholic.org)
7/6/2014 (3 years ago)

Published in Africa

Keywords: Libya, oil production, protests, agreement


LOS ANGELES, CA (Catholic Online) - "We have successfully reached an agreement to solve the oil crisis. We have received today Ras Lanuf and Es Sider oil ports thankfully without the use of force," Thinni said in eastern Libya. "I officially declare this is the end of the oil crisis."

The ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago in a bid for more regional autonomy.

Join the fight against world hunger -- by going here!

Jathran had handed over the ports as a "goodwill gesture" to the new parliament, which was elected last month, according to journalists.

Taking back the two major eastern oil terminals could make about half a million more barrels a day of crude available for export. This is a major breakthrough for Libya, which has long been stymied by oil revenue losses.

The crisis had included failed negotiations, threats to bombard rebels and even an attempt by Jathran to dispatch an oil tanker that was later boarded on the high seas by U.S. commandos.

Disputes over Libya's vast oil resources have been among the many triggers for conflict between rival brigades of former rebels and allied political factions since civil war ended four decades of Moammar Gadhafi's one-man rule in 2011.

Shipments may still face technical delays and past negotiations have been slowed by subsequent political disagreements, even though the announcement by Thinni and Jathran appeared to show a more solid agreement.

World oil fell below $112 a barrel Wednesday on a possible substantial recovery in Libyan exports.

Before a wave of protests, strikes and blockades reduced the nation's oil output to as low as 150,000 barrels per day, Libya produced about 1.4 million barrels per day per day.

Jathran's rebels and their allies, who were all former state oil protection guards before their mutiny, had agreed in April to reopen the two smaller ports, Zueitina and Hariga, and then gradually free up Es Sider and Ras Lanuf.

Protests have curtailed production at some oilfields, and still other groups may still target pipelines and oil facilities to make political or financial demands on a government that struggles to control many parts of the country.

---


'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'


Copyright 2018 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for APRIL 2018
For those who have Responsibility in Economic Matters.
That economists may have the courage to reject any economy of exclusion and know how to open new paths.


Comments


More Africa

Christian Boko Haram kidnap victim may soon be rescued Watch

Image of Nigerian president [not [pictrued] promises quiet action against Boko Haram.

With 15-year-old Leah Sharibu still in captivity under the Islamic extremist group Boko Haram for not renouncing her Christian faith, ... continue reading


Africans are choosing life in battle over reproductive health Watch

Image of

African Catholics remained concerned about a push from Western leaders to promote abortion and contraception in Africa in the name of ... continue reading


Nuns work to stop violence in Nigeria Watch

Image of

With widespread violence plaguing Nigeria, Catholic religious sisters in the country have united in the name of peace to counter the ... continue reading


Pope Francis accepts bishop's resignation Watch

Image of Bishop Okpaleke (left) has resigned.

Pope Francis accepted the resignation Monday of a Nigerian bishop who had been rejected by many of the priests of his diocese since his ... continue reading


Day of prayer and fasting for South Sudan and Congo Watch

Image of Millions of people struggle with violence and poverty due to conflict and government corruption.

On Sunday Pope Francis announced that the first Friday of Lent would be a day of prayer and fasting for peace given the many ongoing ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Information
Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Services
Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on catholic.org

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Education
Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

School Teachers
Teacher lesson plans & resources

Support Free Education
Tax deductible support Free education

Socials
Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2018 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2018 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.