From BusinessWeek
Now that Libya’s government has wrested control of its ports back from armed rebels, the country is finally starting to export crude oil again. Libya’s oil has essentially been trapped since militias seized its three largest ports last summer in an attempt to grab a share of the country’s oil revenue.
Last week, a ship bound for France began loading as much as 850,000 barrels of crude at Libya’s easternmost port of Hariga. This is the second shipment of oil to be loaded at Hariga in the last two weeks. On April 16, a ship called the Aegean Dignity began loading crude for export for the first time since rebels took over the port last July. In an interview with Bloomberg News at the time, the ship’s manager said that the crew “didn’t see any people with guns or soldiers” at the port trying to interfere. Which is usually good news.
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