Oil Tanker Loading Crude at Libya’s Brega Port, Engineers Say

 A view of pipelines and a loading berth of the Marsa al Hariga oil port in the city of Tobruk, east of Tripoli, Libya, Aug. 20, 2013. (Reuters)
A view of pipelines and a loading berth of the Marsa al Hariga oil port in the city of Tobruk, east of Tripoli, Libya, Aug. 20, 2013. (Reuters)
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Oil Tanker Loading Crude at Libya’s Brega Port, Engineers Say

 A view of pipelines and a loading berth of the Marsa al Hariga oil port in the city of Tobruk, east of Tripoli, Libya, Aug. 20, 2013. (Reuters)
A view of pipelines and a loading berth of the Marsa al Hariga oil port in the city of Tobruk, east of Tripoli, Libya, Aug. 20, 2013. (Reuters)

The 600,000-barrel oil tanker Front Jaguar was loading at Libya's Brega port on Wednesday, engineers told Reuters and Kpler data showed, despite a blockade that has halted other exports.

The tanker was permitted to load oil from storage after exports had been halted at major Libyan ports, the engineers said, without giving further details.

Crude exports at major Libyan ports have been shut for nearly a week and oil output has plummeted since eastern authorities in the divided country ordered a shutdown to all oil production on Aug. 26.

The eastern authorities' declaration was in response to western factions moving to oust veteran Central Bank of Libya (CBL) Governor Sadiq al-Kabir and replace him with a rival board.

Libya's two legislative chambers said on Tuesday they had agreed a mechanism for resolving the dispute over control of the CBL, which receives revenue from Libya's oil exports, the vast bulk of the national wealth.

Crude exports remained halted at Zueitina port on Wednesday but the 5,000 tons-capacity tanker Gaz United was expected to arrive there on Thursday to load propane, engineers there told Reuters on Wednesday.

The crisis over control of the CBL threatens to spiral and could end a four-year period of relative peace in the major oil exporter long split between factions in its east and west.

The National Oil Corporation, which controls Libya's oil resources, declared force majeure at the 70,000 barrels per day El Feel oilfield on Monday. Reuters had reported last week that output was halted there.

NOC said on Aug. 28 that total oil output dropped by more than half from typical levels to just over 590,000 bpd. It was not immediately clear where current production stood.

Reuters reported on Saturday that Libya's Sarir, Messla and Nafoura oilfields had been ordered to resume production by their operator, Arabian Gulf Oil Company, an NOC subsidiary.

About 150,000 barrels per day of output from Sarir and Messla was arriving at Hariga port for local consumption, while any excess was being stored, engineers at the fields said on Wednesday.



Iraq, UK Agree on Trade Package Worth up to $15 Billion, Defense Deal

British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
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Iraq, UK Agree on Trade Package Worth up to $15 Billion, Defense Deal

British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)

Iraq and Britain have agreed on a trade package worth up to 12.3 billion pounds ($14.98 billion) and a bilateral defense deal, the Iraqi and British prime ministers said in a joint statement on Tuesday.

The deal, envisaging more than 10 times the total of bilateral trade in 2024, was announced after a meeting between Iraqi Prime Minister Mohammed Shia al-Sudani and British counterpart Keir Starmer at the latter's Downing Street offices.

It includes a 1.2-billion-pound project in which British-made power transmission systems will be used for a grid interconnection project between Iraq and Saudi Arabia, as well as a 500-million-pound plan to upgrade the Al-Qayyarah air base in northern Iraq.

A water infrastructure project by a UK-led consortium that will help provide clean water in arid southern and western Iraq is also part of the deal, the statement said. The project would be worth up to 5.3 billion pounds in UK exports.

Sudani and Starmer also signed a defense deal that "establishes the basis for a new era in security cooperation".

Sudani said earlier that the UK-Iraqi security deal would develop bilateral military ties after last year's announcement that the US-led coalition set up to fight ISIS would end its work in Iraq in 2026.

The Iraqi premier began an official visit to the United Kingdom on Monday amid historic geopolitical shifts in the Middle East.

Iraq is trying to avoid becoming a conflict zone once again amid a period of regional upheaval that has seen Iran's allies Hamas degraded in Gaza and Hezbollah battered in Lebanon during wars with Israel, and Bashar al-Assad toppled in Syria.