clear
Wednesday September 19th, 2018 10:57AM

Libya to resume oil exports from eastern terminals

By The Associated Press

BENGHAZI, Libya (AP) — Libya will resume oil exports after the U.N.-backed government reached a deal with a powerful militia that controls key terminals in the east.

The National Oil Corporation, which is controlled by the U.N.-backed government in Tripoli, said Wednesday it has assumed control of the oil ports and will resume exports within hours.

The self-styled Libyan National Army, which is allied with a rival government in the east, seized the ports from another militia earlier this year. That prompted the NOC, with international support, to issue a "force majeure" to halt exports.

The LNA said it agreed to return the ports in return for a commitment by the Tripoli-based government to investigate allegations that oil and gas revenues had been used to fund terrorist organizations.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Industries, AP Business - Utilities
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
World markets tumble as US, China clash on more tariffs
World markets tumble as US, China clash on tariffs on $200 billion more Chinese exports
5:48AM ( 18 minutes ago )
Trump claims Germany 'controlled' by Russia
President Donald Trump is claiming a pipeline project has made Germany "totally controlled" by and "captive to Russia" during a combative breakfast that kicked off what was already expected to be a fraught NATO summit
5:47AM ( 18 minutes ago )
Border Protection says NYC mayor crossed border illegally
U.S. Customs and Border Protection alleges that New York Mayor Bill de Blasio illegally crossed from Mexico into the U.S. while visiting the Texas border in June
5:39AM ( 26 minutes ago )
Associated Press (AP)
China auto sales growth weakens in June amid trade battle
China's auto sales growth decelerated in June, adding to economic worries facing Beijing amid a worsening trade battle with Washington
4:01AM ( 2 hours ago )
Stocks tumble as Asia braces for more US tariffs on China
Asian markets tumble as U.S. prepares to hit China with tariffs on $200 billion more Chinese products
3:54AM ( 2 hours ago )
Malaysia says mastermind behind 1MDB looting fled Macau
Malaysian police say fugitive businessman Low Taek Jho, wanted over the looting of state investment fund 1MDB, has fled Macau to an unknown destination
3:36AM ( 2 hours ago )
AP Business
US stocks climb again as Pepsi leads household goods rally
US stocks rose for the fourth day in a row as Pepsi led household goods makers higher. Technology companies also climbed.
4:41PM ( 13 hours ago )
US stocks near another gain; Pepsi rallies on solid results
US stocks are closing in on their fourth gain in a row as PepsiCo gives household goods companies a boost and technology companies rise as well
3:49PM ( 14 hours ago )
Cuba lifting freeze on new private tourism businesses
A 16-month freeze on new private restaurants and bed-and-breakfasts will end in December when Cuba's communist government implements new regulations meant to prevent tax evasion and the accumulation of wealth
2:44PM ( 15 hours ago )
AP Business - Economy
The Latest: Wisconsin police lower number injured in blast
Police in a suburb of Madison, Wisconsin, are lowering the number of people taken to a hospital following a powerful explosion
11:39PM ( 6 hours ago )
Explosion follows gas main strike in Wisconsin town
Authorities say an explosion rocked the downtown area of a suburb of Madison after a contractor struck a natural gas main, sending an unknown number of people to hospitals
10:22PM ( 7 hours ago )
Trump replacement for Obama climate plan moves forward
The Trump administration is advancing its plan to replace the centerpiece of President Barack Obama's efforts against global warming with a new rule expected to be friendlier to the coal industry
7:08PM ( 10 hours ago )
AP Business - Industries
US stocks rise again as trade worries take back seat
U.S. stocks climbed with other markets on Monday as worries about trade tensions between the United States and the rest of the world took a back seat
2:59PM ( 1 day ago )
Appalachian region looks to Asia to revive economic hopes
A slice of Appalachia along the Ohio River still struggling with the loss of manufacturing jobs from decades ago is looking to Asia to revive the region's fortunes
1:19PM ( 2 days ago )
US stocks snap higher despite escalating US-China trade tiff
The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead
5:05PM ( 4 days ago )
AP Business - Utilities
World markets tumble as US, China clash on more tariffs
World markets tumble as US, China clash on tariffs on $200 billion more Chinese exports
5:48AM ( 18 minutes ago )
Trump claims Germany 'controlled' by Russia
President Donald Trump is claiming a pipeline project has made Germany "totally controlled" by and "captive to Russia" during a combative breakfast that kicked off what was already expected to be a fraught NATO summit
5:47AM ( 18 minutes ago )
Border Protection says NYC mayor crossed border illegally
U.S. Customs and Border Protection alleges that New York Mayor Bill de Blasio illegally crossed from Mexico into the U.S. while visiting the Texas border in June
5:39AM ( 26 minutes ago )
The Latest: Trump to watch military parade at Windsor Castle
Buckingham Palace says Queen Elizabeth II will welcome President Donald Trump and his wife Melania at Windsor Castle where they will watch a military march before having tea on Friday
5:28AM ( 38 minutes ago )
Canada offers to lead new NATO operation in Iraq
Canadian Prime Minister Justin Trudeau says his country is offering to lead NATO's new military training mission in Iraq for the first year and stands ready to provide 250 troops plus helicopters for the effort
5:17AM ( 48 minutes ago )