Shell lifts its first crude cargo from Libya in five years: industry sources

DUBAI (Reuters) – Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday. “Libya is a significant resource holder and Shell International Trading and Shipping Company Ltd (STASCO) has a […]

Ships Exporting Iranian Oil Go Dark, Raising Sanctions Red Flags

Ships chartered by two oil traders responsible for a significant share of Iran’s fuel exports last year failed to transmit their location and the origin of their cargo — red flags for governments seeking evidence of evasion of sanctions on Tehran. The ships’ radio-signal tracking systems were often not in use and occasionally indicated the […]

German oil firm accused of withholding $900m from Libya

Libya’s National Oil Corporation chief also claims Wintershall colluded with unlawful efforts by Libyan government to take over sale of oil contracts Patrick Wintour Diplomatic editor A German oil producer has been accused by the head of Libya’s National OilCorporation of withholding more than $900m (£697m) from the Libyan state and colluding with unlawful efforts […]

Libya's National Oil Corp warns of new attempt at independent oil sales

By Aidan Lewis Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such contracts. Factions based in eastern Libya have previously tried to sell oil independently of NOC in Tripoli, but their moves have been […]