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Federalist Rebel News

14 Apr 2014

Zueitina Oil Port Still Closed after Rebel Deal

Libya's eastern Zueitina oil port was still not under government control one week after an agreement with a federalist rebel group to immediately reopen it along with the Hariga terminal, a spokesman for National Oil Corp (NOC) said on Monday.   The spokesman said that NOC was still waiting for confirmation from the government-run Petroleum Facilities Guard that they were able to establish full control over the complex.   NOC was able to lift force majeure on Hariga last week and a tanker is due to load crude there this week. The federalist rebels are still in control of the country's two largest terminals.   (Reporting by Feras Bosalum, Writing by Julia Payne. Editing by Jane Merriman)

07 Apr 2014

UPDATE: After Deal, Libya's Ports Prep to Load Oil Tankers

ZUEITINA PORT, Libya/TRIPOLI, April 7  - Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since the summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade of Zueitina, Hariga, Ras Lanuf and Es Sider ports, which account for around 700,000 barrels per day of the OPEC country's crude exports. Brent crude fell $1.47 to a low of $105.25 per barrel before recovering to $105.72 by 1256 GMT, after news of an end to the port protest removed some of the supply worries affecting the oil market.

07 Apr 2014

Libya's Ports Prepare to Load Oil Tankers

Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade of Zueitina, Hariga, Ras Lanuf and Es Sider ports, which account for around 700,000 barrels per day of the OPEC country's crude exports. Brent crude fell $1.47 to a low of $105.25 per barrel before recovering to $105.72 by 1256 GMT, after news of an end to the port protest removed some of the supply worries affecting the oil market. "The port is ready to start exporting at the present time or later at any time…