Arab Today, arab today libya\s transitional council not ready to revive oil industry
Last Updated : GMT 07:01:47
Arab Today, arab today
Arab Today, arab today

Libya\'s transitional council not ready to revive oil industry

Arab Today, arab today

Arab Today, arab today Libya\'s transitional council not ready to revive oil industry

Abu Dhabi - Arabstoday

Libya\'s Transitional National Council (TNC) on Monday said it is not in a position to extract or refine oil. But the Benghazi-based rebel council said it will look for major refiners once it is ready to tap into the country\'s oil market. \"When we do, the price will be set following negotiations with those major oil companies that have refinery capabilities. It should be noted that in the short term, we will only export enough crude to meet our needs during these difficult times,\" the TNC said in a statement.. Libya\'s oil exports are down to a trickle following a public uprising earlier this year to overthrow the Muammar Gaddafi-led regime. This has put pressure on other states of the Organisation of Petroleum Exporting Countries (Opec) to make up for the shortfall. Article continues below Oil prices on the international markets have been highly volatile since the uprisings in the Arab world. The TNC said during its time as a temporary government, it will continue to honour all finance and oil contracts signed by the Gaddafi regime. No production Regarding Libya\'s National Oil Company, TNC said, \"The NOC is currently subject to international sanctions. We are still exploring what will happen to the NOC in the future. However, for now, no oil is being produced.\" The TNC also said many companies are eager to come back to Libya. \"Our priority, however, is the Libyan people and providing them with a basic standard of living. Although there are employees who have not been paid, there are also fellow Libyans getting shelled and living without electricity, food and running water. These are the priority right now.\" The TNC, also known as the Interim National Council or the Libyan National Council, is a political body formed by anti-Gaddafi forces. Its formation was announced in the city of Benghazi on February 27 and its intended purpose is to act as the \"political face of the revolution\". On March 5, the council issued a statement in which it declared itself to be the \"sole representative of all Libya\". An interim government was formed by the council on March 23. It has so far been been officially recognised as the sole legitimate government of Libya by 22 countries, half of which are European.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya\s transitional council not ready to revive oil industry Arab Today, arab today libya\s transitional council not ready to revive oil industry

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya\s transitional council not ready to revive oil industry Arab Today, arab today libya\s transitional council not ready to revive oil industry

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel, Germany submarine deal advances

GMT 05:45 2017 Saturday ,21 October

Israel, Germany submarine deal advances
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday