Libyan Rebels Begin Exporting Oil

[The Straight Story]

Libyan Rebels Begin Exporting Oil

Rebels battling the reign of Muammar al-Gaddafi are set to enlarge their war chest with the export of their first oil shipment since taking control of Libya’s eastern oil fields.

About one million barrels of crude will be loaded onto a tanker at the port of Marsa el-Hariga near Tobruk and then, presumably, shipped to Qatar, which previously announced it would help the rebels market their oil abroad. Reportedly, the tanker Equator, which is owned by George Prokopiou’s Dynacom Tankers Management, arrived at the port in the afternoon of April 5.

The shipment is reportedly worth $100 million.

Libya, Africa’s third largest oil producer, has exported very little oil since the civil war broke out two months ago. Before the conflict, the country exported 1.6 million barrels a day.

http://www.allgov.com/US_and_the_World/ViewNews/Mission_Accomplished__Libyan_Rebels_Begin_Exporting_Oil_110406

[WatsonT]

1. Be careful with that, it's our oil.

[Arctic Dave]

2. Thank god! I hope the oil wasn't harmed or man handled.

Maybe we can set up a paypal account or do a fundraiser to help with the oil production.

[Marblehead]

3. Oil prices should....

start falling any minute now.