Libya's official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli.
Libya has closed the eastern oil port of Hariga due to bad weather, an oil official said.
A tanker has been waiting for two days to dock at the port to lift one million barrels of crude but bad weather ha
Libyan forces opposed to the country's internationally recognised government have warned it that any attempts to export oil independently would force them to take military action to seize oil ports and facilities.
Libya's Prime Minister Abdullah Al Thinni has said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival self-declared administration in Tripoli.
Libya's internationally recognised government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival administration in Tripoli.
Libya's two biggest oil ports, Ras Lanuf and Es Sider, will be able to open once security checks are made as forces backing the country's rival government have left the area after months of fighting, a National Oil Company (NOC) offici
A Libyan state oil security force has called on state oil firm NOC to reopen the Ras Lanuf and Es Sider oil ports, the country's two biggest, after a rival force pulled out from the area following months of fighting, a spokesman said.
It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals, an oil official said.
Libya, struggling with militant attacks and two governments vying for control of the country, has boosted oil production to around 622,000 barrels a day (bpd), a report from state firm NOC said, higher than previously expected.