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Libya sees 'good intentions' at talks with rebels, ports might reopen within days

BENGHAZI, Libya (Reuters) - Libya sees "good intentions" at ongoing talks with eastern rebels which might lead to the lifting of their blockage of major oil ports within days, acting oil minister Omar Shakmak said on Thursday. "There are good intentions," he told reporters in Benghazi, adding that tribal leaders and local leaders were working hard to mediate. (Reporting by Ayman al-Warfalli and Ahmed Elumami; Writing by Ulf Laessing, editing by David Evans)

Libya says could reach deal in 2-3 days to open oil ports

By Ulf Laessing and Ahmed Elumami TRIPOLI (Reuters) - Libya could finalize an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said on Wednesday, bolstering hopes for an end to an eight-month standoff that dried up petroleum revenue. Brent crude oil prices have fallen sharply since rebel leaders said their group would reach a deal within days to end the blockade of three ports that previously accounted for 600,000 barrels per day of Libyan crude exports.

Libya says could reach deal in 2-3 days to open oil ports

By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - Libya could finalise an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said on Wednesday, bolstering hopes for an end to an eight-month standoff that dried up petroleum revenue. Brent crude oil prices have fallen sharply since rebel leaders said their group would reach a deal within days to end the blockade of three ports that previously accounted for 600,000 barrels per day of Libyan crude exports.

Libyan bank staff start two-day strike after colleague shot dead at work

TRIPOLI (Reuters) - Employees at one of Libya's biggest banks began a two-day strike on Wednesday, demanding greater protection after a colleague was shot dead at work, staff and state media said. Libya's government has been unable to control militias who helped oust Muammar Gaddafi in 2011 and refuse to disarm, and alongside the deteriorating security situation, the number of bank robberies have increased in the past few months.

Libya says could finalize port-opening deal with rebels in 2-3 days

TRIPOLI (Reuters) - Libya's government could finalize within two to three days an agreement with rebels in the east of the country to reopen several seized oil export ports, a spokesman said on Wednesday. "Negotiations are still ongoing but we expect an agreement to open the ports," a spokesman for interim Prime Minister Abdullah al-Thinni said, in the first official comments since rebel leader Ibrahim Jathran announced a pact late on Tuesday.

Libya burns cash, halts projects to battle budget crisis

By Ulf Laessing TRIPOLI (Reuters) - Libya is burning through central bank reserves and scrapping infrastructure projects to overcome its worst budget crisis in decades after the seizure of oil installations by armed groups has reduced the government's income almost to zero. Oil exports - Libya's lifeline - fell to less than 100,000 barrels a day last week after militiamen shut down two large oilfields, compounding closures of ports in the east by rebel groups campaigning for regional autonomy.

Libya releases three rebels who had boarded tanker at rebel port: official

TRIPOLI (Reuters) - Libya's attorney general has released three rebel fighters who had boarded a tanker loading oil at a rebel-held port before it was returned by the U.S. navy to the Libyan government, an official said on Monday. The attorney general had apparently ordered the release based on promises by some lawmakers that this would help solve the blockage of oil ports by the rebels, Sadiq al-Soura, head of the investigations department at the attorney general's office, told Reuters.

Libyan fund sues France's SocGen for $1.5 bln: court papers

Libya's sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5 billion (1.1 billion euros) for allegedly channelling bribes to allies of the son of slain dictator Moamer Kadhafi, officials said on Monday. The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Saif al-Islam Kadhafi, for what it says is money that it lost on trades between 2007 and 2009. Societe Generale denied the "unfounded" claims by the LIA, which was set up in 2006 to handle Libya's oil revenues.

SocGen facing bribery lawsuit over Libyan deals

(Reuters) - Libya's sovereign wealth fund has filed a $1.5 billion lawsuit against Societe Generale <SOGN.PA>, accusing it of funneling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi. "Societe Generale contests the unfounded allegations in the Libyan Investment Authority's (LIA) complaint," a spokeswoman for France's second-biggest bank said in an emailed statement, without giving more details.

Libyan parliament passes law to organize new elections

TRIPOLI (Reuters) - Libyan lawmakers approved a new election law on Sunday, paving the way to call general elections later this year. Last month, the General National Congress (GNC) assembly agreed to hold early elections, in an apparent effort to assuage ordinary Libyans angry over political chaos in the country nearly three years after the fall of Muammar Gaddafi.
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