First Independent Mena Newspaper
The Barqa rebels, found in eastern Libya, that are in charge of Libya’s largest oil-export terminal are willing to hand it over to the government if the new parliament takes office. Legislative elections were held last week and results are expected to be announced in a fortnight. The rebel group controlled four oil ports but […]
After Ahmed Maiteeq’s confirmation as the new Prime Minister of Libya in a controversial vote at the General National Congress, the rebels have decided that they won’t recognize the Prime Minster because he “came to power illegally,” according to their spokesman Ali Hasi. Their decision will affect the agreements they reached with former Prime Minister […]
Tripoli has received another major blow after rebels in the eastern part of the country announced that they will not freeing the oil ports as promised last week. Ibrahim Jathran, autonomy leader of the eastern region, blamed the government for their move claiming that they rejected their proposed conditions. Tripoli has not reacted to the […]
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 […]
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 […]
A quarterly report on Libya has been announced by Research and Markets with oil and gas production will be experiencing a strong recovery with the political stability yet to be assured. According to the report, the current levels of oil and gas production will surpass the pre-war levels under the Ghadaffi regime in the long […]