World Bulletin / News Desk
Protesters demanding jobs closed off the eastern Libyan port of Zueitina for a sixth day on Monday, extending a halt in oil exports, according to a senior oil industry source and to one of the demonstrators.
Roughly a dozen men last Tuesday evening forced their way into the port, just hours after Zueitina Oil Company workers had temporarily suspended a strike and resumed production at oilfields that pump to the terminal.
"The situation is still the same," a senior Libyan oil industry source said. "Exports are still down as of yesterday evening. I do not think there has been any change this morning."
Belgasem al-Sghou, who described himself as the leader of the protesters, said two ships were waiting to come into the port to load crude.
"We are not allowing them to be loaded from this port," he said by phone, adding that maintenance work continued as normal, however.
Sghou said the protesters numbered less than 10, even though they represented around 300 people. Asked if there had been any talks yet with government officials to end the demonstration, he said: "Nothing has appeared yet."
The protesters are among a group of civilian demonstrators demanding jobs who shut down the port for several weeks earlier this year. An agreement was later reached for new jobs to be created but the group said they had yet to begin work.
Protests and strikes at various facilities have repeatedly lowered Libya's oil output, which had returned faster than expected to pre-war levels of around 1.6 million barrels per day (bpd). The source said output at the end of last week stood at around 1.36 million bpd.
Other oilfields such as El Feel - operated by Mellitah, a joint venture between state firm the National Oil Corporation and Italy's Eni - were also shut down last month due to separate strikes. El Feel has a capacity of around 130,000 bpd.
Rosneft, which produces more oil than Iraq or Iran, has asked for 2.5 trillion roubles ($44.07 billion) from the government to help it weather sanctions and refinance its debts.
The raise is expected to bring Israel's civil servants' salaries up to 5,000 shekels (around $1,282) from 4,200 shekels (roughly $1,076)
Russian sanctions have hit Lithuania's transport sector, which employs around 100,000, as well as its dairy industry.
The suspension comes as South Korea is struggling to contain its own outbreak of bird flu in birds.
Austrian Chancellor Werner Faymann justified the original sanctions as "a self-defence step", but added: "Our goal cannot be tightening the sanctions."
Both the European Union and United States adopted tighter restrictions on investments in Crimea this week, targeting individuals, Russian Black Sea oil and gas exploration and tourism.
Chinese Premier Li Keqiang said the offer included $1 billion for infrastructure, $490 million for poverty alleviation and $1.6 billion in special loans for China's production capacity export
Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.
Damascus has relied on Tehran to fight its war with drop in oil price affects oil-producing Iran. Syrian traders say Damascus worried about future support
The ruble makes small gain Friday morning, but RTS index continues to contract
Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields
Putin earlier announced pipeline project via Bulgaria would be cancelled.
President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.
Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.
Russia suffers as sanctions bite economy; will crisis make Ukraine conflict too costly?
EU to tighten sanctions on Crimea in time for leaders summit to send message to Russia