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Cyrenaica News

06 Feb 2015

Port Battle Underscores Possible Libya Break-Up

Armed factions deploying heavy weapons. Peace talks making little progress. Hidden behind a pile of sand, a tank points its gun towards Libya's biggest oil port on the other side of an invisible frontier that now divides the north African nation. Factions fighting for control of Libya and its oil wealth have moved columns of heavy weapons to this new front line running through the middle of the country, escalating a conflict that Western powers fear may lead to a national break-up four years after the overthrow of Muammar Gaddafi. In an attempt to prevent Libya from sliding into all-out civil war, the United Nations hopes in the coming days to resume peace negotiations between the warring parties…

11 Apr 2014

More Disruption at Libya's Oil Ports

Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again. On Sunday, Libya's fragile government reached an agreement with Ibrahim al-Jathran, the leader of eastern rebels, to reopen two oil ports they were holding and lift a nine-month blockade crippling crude exports. Under the deal, Hariga and Zueitina ports will reopen immediately, with the larger Ras Lanuf and Es Sider terminals to be freed by Jathran's men in less than four weeks after more negotiations. Nearly three years after dictator Muammar Gaddafi's fall…

12 Mar 2014

Ousted Libyan PM Flees Country After Tanker Escapes Rebel-Held Port

Libya's now ousted Prime Minister Ali Zeidan (AFP file photo, Mahmud Turkia)

Former Libyan prime minister Ali Zeidan has fled to Europe after parliament voted him out of office on Tuesday over his failure to stop rebels exporting oil independently in a brazen challenge to the nation's fragile unity. Zeidan was in Malta for two hours late on Tuesday on a short stop before going to "another European country", Prime Minister Joseph Muscat told state-owned television TVM. Government sources in Malta said he had left via a private plane bound for Germany, but the German authorities could not confirm he had arrived.

12 Mar 2014

Ousted Libyan PM flees country after tanker escapes rebel-held port

Former Libyan prime minister Ali Zeidan has fled to Europe after parliament voted him out of office on Tuesday over his failure to stop rebels exporting oil independently in a brazen challenge to the nation's fragile unity. Zeidan was in Malta for two hours late on Tuesday on a refuelling stop before going to "another European country", Prime Minister Joseph Muscat told state-owned television TVM. But no European government had confirmed his arrival by late morning on Wednesday. The standoff over control of oil exports threatens to deepen dangerous regional and tribal faultlines in Libya where rival militias with powerbases in the east and west back competing political factions in the transitional government.

08 Feb 2007

ExxonMobil Signs EPSA IV Agreement for Exploration

Exxon Mobil Corporation confirmed that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya’s National Oil Corporation (NOC) to initiate exploration activity offshore Libya in the Sirte Basin. The agreement includes four blocks located in Contract Area 20, approximately 100 miles off the Libyan coast, which were awarded to ExxonMobil in the third round of EPSA IV licensing in December. The contract area comprises 2.5 million acres and is situated in water depths ranging from approximately 4,000 feet to more than 6,500 feet. Elsewhere in Libya, ExxonMobil is in the very early stages of an exploration program in Contract Area 44 in the offshore Cyrenaica Basin…

06 Dec 2005

Exxon Mobil Signs EPSA to Explore Offshore Libya

Exxon Mobil Corporation announced that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya's National Oil Corporation (NOC) to begin exploration activity offshore Libya. The agreement covers the large Cyrenaica Basin Contract Area 44, which was awarded in the second round of EPSA IV licensing in October. The contract area comprises 2.5 million acres and is located offshore in water depths ranging from approximately 10 feet to more than 10,000 feet.