Zero Hedge
January 9, 2014

Armed groups, demanding autonomy for eastern Libya, have invited foreign companies to buy oil from ports they have seized in defiance of the central government in Tripoli.

Libya is considered an attractive oil area due to its close proximity to Europe. Credit: magnera via Flickr
Libya is considered an attractive oil area due to its close proximity to Europe. Credit: magnera via Flickr

As Reuters reports, “If a ship docks in one of the closed ports,” warned Libya’s defense ministry, “then we will destroy it,”but the group, led by tribal leader and 2011 civil war hero Ibrahim Jathran, shrugged off Tripoli’s warning, stating “we welcome global oil companies … The oil security guards will guarantee the safety of tankers.” The development adds to an air of chaos as the weak Tripoli government struggles to rein in the armed groups that helped oust Muammar Gaddafi in 2011 but which kept their guns and are now demanding political power and a bigger share of the country’s oil wealth.

Via Captain (Reuters),

Armed groups demanding autonomy for eastern Libya have invited foreign companies to buy oil from ports they have seized in defiance of the central government in Tripoli.

In an announcement on Tuesday, they also pledged to protect tankers loading crude, after the Libyan defence ministry said it would destroy vessels using ports in the east, which are under control of the protesters linked to a self-proclaimed regional government.

On Monday, the Libyan navy said it fired warning shots at a tanker trying to load oil at the eastern port of Es-Sider, which was seized with two other terminals by the autonomy group in August. The three harbours accounted previously for 600,000 barrels a day.

But the group, led by tribal leader and 2011 civil war hero Ibrahim Jathran, shrugged off Tripoli’s warning by inviting foreign companies to buy eastern oil.

Full article here


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