Rebeldes líbios vão vender petróleo no Qatar31 de março de 2011
Thursday, March 31, 2011
Libyan Rebels Offer Crude for Export
Libya is open for business according to the rebel coalition in Benghazi. The group claims to have worked out a deal with Qatar for the 100,000 bpd that it says is being produce from a field under rebel control. Although the Benghazi council claimed that Qatar would market oil from the eastern part of the country, analysts were skeptical, noting that Qatar had not confirmed those claims. However, the Qatar News Agency said that the country had recognized the rebel council as the “sole legitimate representative of the Libyan people.”
While rebels say they have oil for export there is some doubt as to whether a tanker would take
the chance to pick the oil up. A report in the Washington Post stated that analysts, oil traders, and companies all agree that a tanker would not dare to pick up oil due to the allied blockade, sanctions, a lack of insurance, and the uncertainty over whether the rebel coalition could win international recognition as Libya’s legitimate government.
“I am not sure anyone in the oil industry is quite willing to touch it,” a major European buyer of oil products who asked for anonymity to protect his business relationships was quoted as saying in the Washington Post. “It’s going to be very difficult to get things going.”
The rebels made progress over the past weekend recapturing towns lost in the loyalist push prior to the no-fly zone being implemented. The rebels gained five eastern oil export terminals, including Es Sider, Ras Lanuf and Zuwaytinah in the push westward, however loyalists have begun pushing back once again, causing rebels to “strategically” retreat a bit.