• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour How Far Have We Really Gotten With Alternative Energy
  • 21 hours The United States produced more crude oil than any nation, at any time.
  • 8 hours China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming
Uzbekistan's Bid for WTO Membership Hinges on Major Trade Reforms

Uzbekistan's Bid for WTO Membership Hinges on Major Trade Reforms

Uzbekistan takes significant steps toward…

JPMorgan Analysts Cast Doubt on Tesla's Robotaxi Revenue

JPMorgan Analysts Cast Doubt on Tesla's Robotaxi Revenue

Tesla's robotaxi plans, unveiled ahead…

Protest by Libyan Civil War Veterans Shuts Down Country's Largest Oil Refinery

Wounded Libyan soldiers, veterans of last year’s civil war in which Muammar Gaddafi and his regime were overthrown, have begun protesting outside Libya’s main oil refinery.

The 120,000 barrel a day Zawiya refinery is located about 30 miles outside Tripoli, and provides 40% of western Libya’s oil needs.

This is the second time this month that oil operations at the refinery have been closed due to protests. Earlier in November a similar protest managed to close the refinery for two days, disrupting fuel supplies in Tripoli.

Essam al-Muntasir, a spokesman for the Zawiya Oil Refining Company, said: “We are in a state of total shutdown ... the demonstrators are preventing employees from entering the refinery and fuel trucks are unable to leave.”

Related Article: The Huge Risk-Reward Scenario In East Africa

“Many of the veterans want the government to send them abroad to receive treatment or they want to get more money from the government as compensation for their efforts.”

Deputy Oil Minister, Omar Shakmak, admitted that the shutdown at the refinery could lead to another fuel shortage in the capital. He explained that “we have enough fuel stored in Tripoli to last us 25 days but the problem is that protesters are not allowing trucks in or out of the fuel storage areas of the refinery.”

The new administration is still trying to impose order and authority over the country, vast parts of which are still divided and swarming with armed militia. The recent protests are causing a big headache as the new government relies heavily on oil for its revenues.

ADVERTISEMENT

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News