Libya: Cyrenaica Severs Ties With State Oil (breakup of Libya continues)

All Africa ^ | 13 November 2013 | Essam Mohamed

[Pan_Yan]

Tripoli — Libya's eastern zone had already declared political autonomy. This week, it also broke from the state-run oil company.

Speaking in Ajdabia, "Political Bureau of Cyrenaica" (PBC) head Ibrahim Said al-Jadhran announced the formation of the "Libyan Oil and Gas Corporation".

"The wealth belongs to the entirety of Libya," he told the press on Sunday (November 10th).

The Executive Bureau of Cyrenaica issued a resolution to form the new company, which will begin operations in Tobruk before moving to Benghazi.

"We are waiting for the reaction of the territories of Tripoli and Fezzan. We hope they co-operate with us," Executive Bureau chief Abed Rabbo al-Barasi said.

"After that, we will sell oil and will keep the shares of the territories of Tripoli and Fezzan from the oil sales, and we will not touch those proceeds," he said.

The move comes a fortnight after al-Barasi announced 24 portfolios for administration of the territory, which covers an area extending from the Wadi-al-Ahmar to the west, the Egyptian border to the east, the sea to the north and the border with Chad to the south.

[Pan_Yan]

BP and the other European oil companies will need their own state departments to figure out who to talk to without stepping on everyone's toes. Apparently the American companies were trying to sell their shares of anything in Libya months ago.

[thackney]

I wonder how the rest of OPEC will treat this news.

[cloudmountain]

The wealth belongs to the strongmen of the country. Always has; always will.

[Pan_Yan]

The wealth belongs to the strongmen of the country. Always has; always will.

And the east (Benghazi area) has the most ties to Al Qaeda and the most oil.

[cloudmountain]

And the east (Benghazi area) has the most ties to Al Qaeda and the most oil.

Sad but true.
From the Internet:
Al-Qaeda (/ælˈkaɪdə/ al-ky-də; Arabic: القاعدة‎ al-qāʿidah, Arabic: [ælqɑːʕɪdɐ], translation: "The Base" and alternatively spelled al-Qaida and sometimes al-Qa'ida)
is a global militant Islamist organization founded by Osama bin Laden in Peshawar, Pakistan, at some point between August 1988 and late 1989, with its origins being traceable to the Soviet War in Afghanistan. It operates as a network comprising both a multinational, stateless army and a radical Sunni Muslim movement calling for global Jihad and a strict interpretation of sharia law. It has been designated as a terrorist organization by the United Nations Security Council, NATO, the European Union, the United Kingdom, the United States, India and various other countries (see below). Al-Qaeda has carried out many attacks on non-Sunni Muslims, non-Muslims, and other targets it considers kafir (unbelievers).

These monsters don't come out of a vacuum. There are always reasons why they erupt into our world.

Side note: My husband taught me to shoot. Our target was the face of this monster. I got pretty good with a sweet little Baretta, getting this monster in the beard almost all the time. :o)