The Address | Benghazi – Libya
BENGHAZI – The Tripoli-based National Oil Corporation (NOC), led by Mustafa Sanalla, has blocked a gas tanker from reaching Benghazi’s port via Zueitina oil port on Monday.
Official sources in eastern Libya said that the blockade comes in response to shutting down several oilfields, including El Sharara oilfield, by locals.
The shutdown caused oil prices to jump. Brent crude was up 37 cents, or 0.6%, at $65.22 by 0952 GMT, having earlier touched $66 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was 24 cents, or 0.4%, higher at $58.78 a barrel, after rising to $59.73, the highest since Jan. 10.
Oil fields in eastern and southern were shutdown two days ago by locals outraged with the Tripoli-based Government of National Accord (GNA) over the use of Syrian mercenaries which are paid by GNA to fight on its behalf in Tripoli.