Libya’s Eastern Oil Ports Will Stay Shut, Capping Oil Sales - Bloomberg

Libya’s Eastern Oil Ports Will Stay Shut, Capping Oil Sales - Bloomberg:

"A Libyan rebel leader refused to hand over control of three oil ports to the government, keeping a lid on the North African nation’s crude sales in a development that may buoy the price of the fuel.

Ibrahim Al Jedran told a news conference yesterday that the oil export terminals of Es Sider, Ras Lanuf and Zueitina, closed since the end of July, will remain shut after the authorities rejected his conditions, including a demand to share oil revenue with his self-proclaimed government in the east.

“We failed in making our conditions implemented, so we confirm that we won’t open the oil ports,” he said, speaking in the eastern city of Ajdabiya. “We now officially mandate the Executive Bureau of the Cyrenaica Region to start what it has been tasked with and preserve this wealth,” he said, signaling that the eastern region known as Cyrenaica may sell oil without the government’s approval."

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