X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 9 hours America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 2 hours IS SAUDI ARABIA SENDING A MESSAGE TO BIDEN
  • 9 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 2 days Former BP Exec "Biden not in war against oil" . . Really ?
  • 2 days Texas Supply Chain Massacre
  • 2 days Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 5 hours Top Conservative Lawyer Says Trump Can Stand Trial
  • 6 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days An exciting development in EV Aviation: Volocopter

The Militarization Of Libya’s Oil Industry

Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli

As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National Oil Company (NOC) facilities for military purposes. He has seized the NOC’s airfield, taken over oil terminals to station warships and other military vessels of the LNA (Libyan National Army) and has been attempting to requisition NOC tub boats for his war effort as well. The Tripoli-based NOC describes it as the “militarization of the Libyan national energy infrastructure”. The NOC says that at this point, the General’s actions are threatening the oil company’s abilities to maintain operations.

More specifically, our sources in the NOC say that Haftar has taken the following moves to militarize the energy infrastructure:

- Es Sider Port: Haftar has seized the Es Sider airstrip for military use. There is a constant stream of military personnel entering the port of Es Sider, and attempting to requisition NOC vessels there.

- Ras Lanuf Terminal: Haftar is using this terminal to dock warships and other military vessels.

In other words, Haftar has turned Libya’s Oil Crescent into an all-encompassing military base, and in doing so is also turning the oil ports into arsenals from which he can receive more arms from external players. There are indications that the French delivered new weaponry to Haftar through Ras Lanuf…




Oilprice - The No. 1 Source for Oil & Energy News