• 1 day Iraq Begins To Rebuild Largest Refinery
  • 1 day Canadian Producers Struggle To Find Transport Oil Cargo
  • 1 day Venezuela’s PDVSA Makes $539M Interest Payments On Bonds
  • 1 day China's CNPC Considers Taking Over South Pars Gas Field
  • 1 day BP To Invest $200 Million In Solar
  • 2 days Tesla Opens New Showroom In NYC
  • 2 days Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin
  • 2 days Venezuela Sells Oil Refinery Stake To Cuba
  • 2 days Tesla Is “Headed For A Brick Wall”
  • 2 days Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 2 days IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 2 days Goldman Bullish On Oil Markets
  • 2 days OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 2 days Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 3 days Syria Aims To Begin Offshore Gas Exploration In 2019
  • 3 days Australian Watchdog Blocks BP Fuel Station Acquisition
  • 3 days Colombia Boosts Oil & Gas Investment
  • 3 days Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 3 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 3 days Aramco On The Hunt For IPO Global Coordinators
  • 3 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 4 days India Feels the Pinch As Oil Prices Rise
  • 4 days Aramco Announces $40 Billion Investment Program
  • 4 days Top Insurer Axa To Exit Oil Sands
  • 4 days API Reports Huge Crude Draw
  • 4 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 4 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 4 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 4 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 5 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 5 days Exxon To Start Reporting On Climate Change Effect
  • 5 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 5 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 5 days Forties Pipeline Could Remain Shuttered For Weeks
  • 5 days Desjardins Ends Energy Loan Moratorium
  • 5 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 6 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 6 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 8 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 8 days Mexico Blames Brazil For Failing Auction

Breaking News:

Iraq Begins To Rebuild Largest Refinery

Regulated Utilities Could See Big Changes

Regulated Utilities Could See Big Changes

As regulated utilities continue to…

U.S. Oil Rig Count Dips, Ending 5 Week Streak

U.S. Oil Rig Count Dips, Ending 5 Week Streak

Baker Hughes has reported that…

Libya Militia Seizes Turkish Tanker

Zuwara Boats

Six armed men have seized the Haci Telli oil tanker sailing under a Turkish flag in the Libyan port of Zuwarah, claiming that the company leasing the vessel owes the port of Zuwarah US$433,000 for oil purchased earlier. The armed group is holding 11 crew members on another vessel near the port.

According to Turkish news agency Deniz Haber Ajansi, the operator of the tanker is Transpacific Shipping. The vessel set sail from the Turkish port of Tuzla on February 11, with a final destination Lavaleta, Malta. The Libyan port, it appears, was supposed to be a mid-way stop, so the tanker could load oil.

The Haci Telli anchored at Zuwarah on February 24, when the armed men boarded it as security officers, as part of a standard procedure aimed at ensuring the safety of the vessels docking at Zuwarah.

Deniz Haber Ajansi reports that they then said the vessel’s operator owed money to the port and informed the crew that they had to take some of them to ensure the payment was made. In case that was not done, the tanker would be sold and the crew would not be released. The crew has been held in captivity since February 24.

Another Turkish source, Gunes, referred to the armed men that captured the crew of Haci Telli as “sea pirates.”

Related: Geopolitical Time Bomb: Chaos In Somaliland Could Trigger Regional Conflict

Militias are part of the landscape in Libya, and their internal fighting has focused heavily on the country’s abundant oil reserves. One of these groups, the Petroleum Facilities Guard, held all four major Libyan oil export terminals under its control, using them as bargaining chips with the government.

Last September, the ports were taken by another group with growing popularity, the Libyan National Army, which handed control of the ports to the National Oil Corporation. Early this year, exports were resumed, albeit slowly and tentatively. Libya’s current oil production is about 700,000 barrels daily.

By Irina Slav for 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