Agreement ends Libya’s oil standoff

2014-07-03 09:18

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cairo - Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with rebels and had reassumed control of the country's two eastern oil terminals, which were blocked by rebels a year ago, Libyan television reported Wednesday.

Thinni confirmed that the government now controls the ports of Ras Lanuf and al-Sidra, which export about half of Libyan oil. He said the takeover came after an agreement with separatist rebel leader Ibrahim Jathran.

"We have taken control of Ras Lanuf and al-Sidra oil ports ... thus ending the oil crisis," Thinni was quoted as saying by the broadcaster.

In July 2013, militias in eastern Libya seized control of four key oil infrastructure sites.

Oil is the main source of revenue for the North African country, and the disruptions have cost the government and economy billions of dollars.

In April the government regained two of the oil terminals after a deal with the rebels, but Ras Lanuf and al-Sidra remained under rebel control.

The daily capacity of Ras Lanuf stands at 200 000 barrels per day, while al-Sidra has a capacity of 350 000 bpd.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    libya  |  north africa
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

6 reasons Boks won’t botch it
Fiji far too strong for Uruguay
Burger hopes for elusive World Cup win
As it happened: Fiji 47-15 Uruguay
Traffic Alerts

Relationships and significant connections may play an important role in your day today. Let the warmth of the Leo moon inspire more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.