Archive for the ‘Libya’ Category

Is Egypt bombing the right militants in Libya? – Reuters

CAIRO Egyptian President Abdel Fattah al-Sisi was quick to launch air strikes on militants in Libya in response to a deadly attack on Coptic Christians in Egypt - but the attacks do not seem to be targeting those responsible.

The response was popular with many Egyptians. The country's state-owned and private news media celebrated it as swift justice, but the president has been vague about exactly who he is attacking.

Graphic on air strikes: tmsnrt.rs/2qGHiPd

The strikes have been directed at Islamist groups other than Islamic State, which claimed responsibility for Friday's massacre of dozens in the southern province of Minya, and seem to be intended to shore up Sisi's allies in eastern Libya.

"The attacks in Minya were claimed by Islamic State, and there are Islamic State elements active in Libya, but the reports coming indicate Cairo is targeting other groups," said H.A. Hellyer, senior nonresident fellow at the Atlantic Council.

In any case, analysts say the strikes will not do much against Islamists in Cairo, Sinai and Upper Egypt, where they have had a stronghold since the 1990s and have been attacking tourists, Copts and government officials.

Bombing the camps in Libya is seen as a diversion for a failure to defeat Islamists inside Egypt.

"It's easier to strike a terrorist camp in Libya by air than it is to clean up serious problems inside Egypt; sectarianism, radicalization, that led to this and other attacks," said Michele Dunne, director of Carnegie's Middle East program.

"All the horrific terrorism that is happening inside Egypt has purely domestic drivers and probably would be happening if Islamic State did not exist. It is not all that different from the home-grown terrorism Egypt experienced in the 1990s, before Al Qaeda or Islamic State even existed," she said.

LIBYAN ALLY

Egyptian and Libyan officials said strikes had been launched on camps and ammunition stores belonging to the Derna Mujahideen Shura Council (DMSC). Areas targeted include the western entrance toDerna, Dahr al-Hamar in the south, and al-Fatayeh, a hilly area about 20 km (12 miles) from the city.

Yet the DMSC has never been involved in attacks outside Libya and in fact mostly limits its activities to Derna, rarely fighting in larger conflicts within Libya, according to Mohamed Eljarh, an Atlantic Council political analyst in Libya.

The group has denied taking part in attacks inside Egypt.

In fact, many suggest the air strikes had been planned in advance to shore up support for Sisi's main Libyan ally, Khalifa Haftar and his self-styled Libyan National Army (LNA), and that the Minya massacre was used as a pretext to launch them.

Forces loyal to Haftar, a military strongman like Sisi, have long been fighting the DMSC, cutting off supply routes to the city and hitting it with occasional air strikes. Despite the LNA's siege, the military situation in Derna has been in stalemate for months.

Egypt has also carried out strikes in Jufra, where the LNA has been fighting Islamists who fled Benghazi as well as forces linked to the U.N.-backed government in Tripoli.

The LNA lost dozens of men there in a surprise attack on an air base earlier in May, but has since consolidated control.

The Minya attack was a catalyst for those inside the Egyptian government and military who are in favor of military intervention in Libya, said Mokhtar Awad, who researches extremism at George Washington University.

"This is Egypt taking action not because of the Minya attack but ... to drive out as many extremists as possible from the east," he said.

'THEY ARE ALL TERRORISTS'

Egypt says it does not target specific groups but that it goes after all militants who could be a threat to its security. A military spokesman told state media on Monday that all the groups targeted have the same ideology as those who carried out the Minya massacre, which is reason enough to bomb them.

"Names are not important for us, they are all terrorists. Those who carried out the Minya operation do not necessarily have to be in these camps but their followers are," an Egyptian intelligence source told Reuters.

Eljarh also said it was likely the air strikes has been planned in advance and that the Minya attack was an opportunity to carry them out, as part of a larger policy toward supporting Haftar, with Egypt bombing groups that constitute the strongest opposition to him.

Egypt sees any militant activity in eastern Libya, which is near its border, as a threat to its national security. One of the reasons Sisi has supported Haftar since 2014 is to ensure that all Islamists are driven out of eastern Libya.

Sisi is getting more involved now because of improved relations with Washington, Eljarh said. He believes U.S President Donald Trump has given him the green light to fight jihadists in Libya and elsewhere.

When Sisi announced the first round of air strikes on television on Friday, he implored Trump to support him.

Trump, who has made a point of improving relations with Cairo, said his country stood with Sisi and the Egyptian people.

(Additional reporting by Eric Knecht, Amina Ismail and Ahmed Mohamed Hassan in Cairo and Aidan Lewis in Tunis; editing by Andrew Roche)

SEOUL South Korean President Moon Jae-in's top security aide left for Washington on Thursday as the new leader tries to reassure Seoul's main ally he won't scrap a deal to host a missile defense system that has angered China.

WASHINGTON President Donald Trump said he would announce on Thursday his decision whether to keep the United States in a global pact to fight climate change, as a source close to the matter said he was preparing to pull out of the Paris accord.

WASHINGTON U.S. President Donald Trump talked trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday and welcomed the signing of business deals worth billions of dollars and the jobs they would create.

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Is Egypt bombing the right militants in Libya? - Reuters

Nigeria, Libya pump more oil as OPEC output rose in May – Premium Times

OPEC oil output rose in May, the first monthly increase this year, a Reuters survey found on Wednesday, as higher supply from two OPEC states exempt from a production-cutting deal, Nigeria and Libya, offset improved compliance with the accord by others.

According to Reuters surveys, a drop-in output in Angola and Iraq and continued high compliance from Gulf producers, Saudi Arabia and Kuwait, helped lift OPECs adherence with the supply cut deal to 95 per cent from 90 per cent in April.

OPEC pledged to reduce output by about 1.2 million barrels per day (bpd) for six months from January 1, 2018 as part of a deal with Russia and other non-members.

Oil prices has gained some ground but an inventory glut and rising supply by outside producers has kept prices below the $60 a barrel that Saudi Arabia wants.

A sustained output rise from Libya and Nigeria poses further challenges.

To provide additional support for prices, the producers decided at a meeting last week to prolong the deal until March 2018.

They discussed whether to include Nigeria in the output cap but decided against for now, OPEC delegates said.

Nigeria and Libya were exempted because their output has been curbed by conflict.

However, supplies from both nations staged a partial recovery in May, lifting overall OPEC output by 250,000 bpd to 32.22 million bpd.

The biggest increase came from Nigeria, where the Forcados production stream began loading cargoes for export.

The Forcados pipeline had been mostly shut since it was bombed by militants in February 2016.

In Libya, the state oil firm said output had reached 827,000 bpd on Wednesday, around levels last seen in 2014. But production is still half the 1.60 million bpd Libya pumped before the 2011 civil war.

While the exempt nations pumped more, those bound by output targets boosted compliance.

Adherence by OPEC with the deal has been higher than in the past, reaching a record according to the International Energy Agency and other analysts.

Angolan supply showed the largest decline due to fewer scheduled exports after a jump in April. Iraq exported slightly less crude from its southern terminals, the survey found.

Saudi Arabia pumped more although its compliance was the second-highest in OPEC. Even with Mays increase, the total curb achieved by OPECs top producer Saudi Arabia is 564,000 bpd, well above the target cut of 486,000 bpd.

Output in Iran and the United Arab Emirates was steady. Iran was allowed a small increase in the OPEC agreement and, having sold the oil it had held in floating storage, appears to have reached a short-term peak.

The UAE, with lower compliance than other Gulf producers, has said suggestions that it is failing to comply fully can be explained by the gap between its own figures and those estimated by the secondary sources that OPEC uses to track compliance.

OPEC announced a production target of 32.50 million bpd at its November 30 meeting, which was based on low figures for Libya and Nigeria and included Indonesia, which has since left.

No new target was announced last week to reflect this change or the addition of Equatorial Guinea, which OPEC said on May 25 joined the group with immediate effect. The country will be added to the Reuters survey from June.

The Libyan and Nigerian increases mean OPEC output in May averaged 32.22 million bpd, about 470,000 bpd above its supply target, adjusted to remove Indonesia and not including Equatorial Guinea.

The Reuters survey is based on shipping data provided by external sources, Thomson Reuters flows data, and information provided by sources at oil companies, OPEC and consulting firms.

(Reuters/NAN)

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Nigeria, Libya pump more oil as OPEC output rose in May - Premium Times

UN launches $75m appeal for Libya | News24 – News24

Geneva - The United Nations on Tuesday launched a $75.5 million appeal to tackle a swelling humanitarian and migration crisis in Libya.

The UN's High Commissioner for Refugees (UNHCR) said the funds would go toward providing essential services for displaced people, refugees and asylum-seekers.

The appeal is in partnership with the UN's International Organization for Migration (IOM).

"We have urgent work to do in Libya and can only do it together," said UNHCR head Filippo Grandi in a statement. "We are going the extra mile in trying to make a difference for hundreds of thousands of people."

The work will buttress the IOM's own appeal, launched last month, which set down a three-year $180-million plan.

Rival administrations and militias have fought for control of the oil-rich country since the 2011 uprising that toppled Moamer Kadhafi.

Libya is also the hub for African migrants desperate to reach Europe. Their trek is notorious for exploitation and maltreatment and for the dangerous sea crossing.

The IOM Tuesday that it had tallied 1,481 migrant deaths on the Mediterranean, with a further 1,720 people missing, since the start of the year.

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UN launches $75m appeal for Libya | News24 - News24

Don’t let Venezuela become the next Libya – Financial Times


Financial Times
Don't let Venezuela become the next Libya
Financial Times
For more than two months, protesters and government forces have faced off all over Venezuela, leaving more than 50 dead and hundreds wounded and imprisoned. The stand-off occurs against the backdrop of a fall of nearly a third in per capita income, the ...

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Don't let Venezuela become the next Libya - Financial Times

Oil prices slide on worries Libya output will feed glut – Reuters

By Scott DiSavino | NEW YORK

NEW YORK Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly OPEC crude production for the first time this year.

Brent notched its fifth straight monthly decline in a row despite OPEC-led output cuts and forecasts that U.S. crude inventories would fall for an eighth straight week since hitting a record at the end of March.

Post-settlement, prices pared some losses as data from the American Petroleum Institute (API) showed crude inventories fell by 8.7 million barrels in the week to May 26 to 513.2 million, compared with analysts' expectations for a decrease of 2.5 million barrels. [API/S]

U.S. Energy Information Administration (EIA) report is due at 11:00 a.m. EDT (1500 GMT) on Thursday, delayed a day because of the Memorial Day holiday on Monday.

Brent crude futures for July LCOc1 fell $1.53, or 3.0 percent, to settle at $50.31 a barrel on their last day as the front-month. It was Brent's lowest close since May 10.

U.S. West Texas Intermediate crude CLc1 fell $1.34, or 2.7 percent, to settle at $48.32 per barrel, its lowest close since May 12.

Brent's premium over the same U.S. month WTCLc1-LCOc1 narrowed to its lowest in almost five weeks.

For the month of May, Brent fell almost 3 percent, its fifth straight monthly loss. WTI had its third straight monthly decline, ending May down more than 2 percent.

Output from the Organization of the Petroleum Exporting Countries (OPEC) rose in May, the first monthly increase this year, a Reuters survey found. Higher supply from Nigeria and Libya, OPEC members exempt from a production-cutting deal, offset improved compliance by others.

"Even if Libyan output levels from here for a few weeks, current relative strength provides an additional challenge to OPEC given the fact that the elevated Libyan production is not only eating into other OPEC members market share but is also forcing renewed weakening in Brent structure," Jim Ritterbusch, president of Chicago-based energy advisory firm Ritterbusch & Associates, said in a note.

Libya's oil production has risen to 827,000 bpd, above a three-year peak of 800,000 bpd reached earlier in May, the National Oil Corporation said.

(To view a graphic on 'Libya oil tanker exports' click reut.rs/2sciXCM)

OPEC and other producers, including Russia, agreed last week to extend a deal to cut production about 1.8 million barrels per day (bpd) until the end of March 2018.

Compliance with output cuts remained high among OPEC members and industry sources said Russian figures for May showed output in line with its pledge.

Saudi Arabia and Russia said OPEC and non-OPEC producers were committed to bringing global oil inventories down to the industry's five-year average.

(Additional reporting by Devika Krishna Kumar in New York, Karolin Schaps in London and Henning Gloystein in Singapore; Editing by Marguerita Choy and Chizu Nomiyama)

SEOUL San Francisco Federal Reserve Bank President John C. Williams said on Thursday he sees a total of three interest rate increases for this year as his baseline scenario, but views four hikes as also being appropriate if the U.S. economy gets an unexpected boost.

BEIJING China's manufacturing activity unexpectedly contracted in May for the first time in 11 months and companies shed more jobs as demand weakened and shrinking factory prices dented profits, a private survey showed on Thursday.

BOSTON Major investors put U.S. industry on notice on Wednesday that climate change matters, even as reports emerged that President Donald Trump plans to withdraw the United States from an international pact to fight global warming.

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Oil prices slide on worries Libya output will feed glut - Reuters