LIBYA: Oil exports have slumped by 70 percent as armed security guards shut down several eastern export ports says minister

Record ID: 344612

  • Title: LIBYA: Oil exports have slumped by 70 percent as armed security guards shut down several eastern export ports says minister
  • Date: 31st July 2013
  • Summary: TRIPOLI LIBYA (JULY 31, 2013) ( REUTERS) LIBYAN PRIME MINISTER ALI ZEIDAN TAKING SEAT CAMERAMAN FILMING (SOUNDBITE) (Arabic) LIBYAN OIL MINISTER ABDELBARI AL-ARUSI, SAYING : "In the last few days there were events that led to shutting down a group of oil ports starting from Zwitina oil port, which exports 100,000 barrels, which had a negative effect on gas that supplies the network and we notice a cut in gas supply." JOURNALIST ASKING A QUESTION PHOTOGRAPHER TAKING PICTURES (SOUNDBITE) (Arabic) LIBYAN OIL MINISTER ABDELBARI AL-ARUSI, SAYING : "The shut down was by armed groups using weapons and they prevented the operators from exporting oil because as they said they have demands, as the prime minister said, personal demands related to other things." NEWS CONFERENCE IN PROGRESS JOURNALISTS JOURNALIST WRITING NOTES NEWS CONFERENCE ENDING
  • Embargoed: 15th August 2013 13:00
  • Keywords:
  • Location: Libya
  • Country: Libya
  • Topics: Economy,Energy
  • Reuters ID: LVA8FSFDP487IHZ81A15K5KFP1OP
  • Story Text: Libya's oil exports have slumped by 70 percent as armed security guards shut down several eastern export ports in one of the worst disruptions the OPEC member has seen in the last year, the oil minister said on Wednesday (July 31).
    Libya has been struggling to maintain output at around 1.6 million barrels per day (bpd) following a wave of protests and strikes that have hit its energy industry.
    The incessant disruptions to Libya's oil sector risk crippling its economic lifeline and choking off state revenues.
    In the latest mayhem, the men, supposed to be securing four major oil ports, shut them down in protest over salaries, Oil Minister Abdelbari al-Arusi said. He added that some were calling for change in management at some companies.
    "The shut down was by armed groups using weapons and they prevented the operators from exporting oil because as they said they have demands, as the prime minister said, personal demands related to other things," he told a news conference, adding the ports of Es Sider, Ras Lanuf, Marsa al Brega and Marsa al Hariga have been shut down In a question and answer session he referred to production as falling, after earlier stating exports. It was not immediately possible to clarify with him or other officials.
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