• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 32 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 4 mins CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 2 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 1 min Another surprise 'build'
  • 3 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 8 hours Solar Cheaper than Coal
  • 21 mins California's Oil Industry Collapses Despite Shale Boom
  • 3 hours Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 49 mins Global Warming Making The Rich Richer
  • 10 hours Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 4 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 13 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 20 hours IMO2020 To scrub or not to scrub
  • 19 hours Iceland Reducing Gas Stations By Half By 2025
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Libya Intercepts Smuggling Tanker Heading To Malta

The Libyan Coast Guard has intercepted an oil tanker flying the flag of Sierra Leone in Libyan waters, heading to Malta and suspected of carrying illicit cargoes of Libyan oil.

The 900-ton, 61-meter-long Captain Khayyam bunkering tanker was escorted to a naval base Tripoli, where it will be further investigated.

The tanker’s crew consists of nine people of various origins, including Turkish, Ukrainian, and Azerbaijani, believed to be smuggling around 1 million liters of Libyan oil.

Since the fall of Muammar Gaddafi, the authorities have attempted to intercept a number of vessels believed to be smuggling Libyan oil, but not all attempts have been successful.

Related: UAE Offers India Free Oil To Ease Storage Woes

One tanker, the Baku, ignored orders to halt and fled to Malta. In September, in western Libya the Coast Guard in western Libya intercepted a tanker with a Russian flag as it was attempting to break away with a load of oil off the coast of Zuwara. Libyan authorities claimed that Italian and Russian navy ships attempted to intervene and release the tanker.

Last week, Libya’s national oil company (NOC) said it had become aware of several companies trying to charter ships to load illicit cargoes of Libyan oil at the Marsa el-Hariga export terminal.

Related: A Bubble Induced Economy & The Wage Gap

Libya has Africa's largest oil reserves, estimated at 48 billion barrels. Its production was estimated at 1.6 million barrels per day in 2011 but has fallen by one-third due to the ongoing civil war between parallel governments and their loyalists.

More recently, the Islamic State (ISIS) has also moved to gain a foothold in Libya, launching attacks on Libyan oil facilities and taking control of the Libyan city of Sirte and hundreds of miles of its coastline.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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