First Independent Mena Newspaper
Oil Minister Abdelbari al-Arusi has presented the serious situation that the government is faced with, since the lockdown of its oil ports by armed demonstrators a month ago. Production has fallen by almost 60% and the Minister described it as a “big difference.” Demonstrators have vacated some of the oil ports but exportations have not […]
The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. Prime Minister Ali Zeidan has warned that the government will use all the force it has without any reservations if such attempts are made. Oil production and exportation is Libya’s […]
Abdelbari al-Arusi, Libya’s oil minister has become desperate about the ongoing strikes in several eastern ports, which have reduced the country’s oil export to 30%. The minister has warned that if the situation continues, “Libya will plunge into darkness.” The oil rich country wants to surpass its pre-war production and exportations. However, frequent strikes have […]
Protesters who had subsequently disrupted operations at the oil port of Zueitina have returned again with claims that their demands for jobs have not been met, according to an engineer at the port. Loading of ships has been blocked and some oil fields prefer pumping water rather than oil to the port as a “precautionary […]
The Libyan oil law being drafted by a committee is expected to be ready before September “if all goes well” according to oil minister Abdelbari al-Arusi. The law has to come into force before a licensing round can be launched, but most analysts remain pessimistic about the law being passed. Minister Arusi said that the […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]