Libyan navy surrounds tanker with oil that rebels are trying to sell


Libyan naval vessels have surrounded a tanker at the rebel-controlled As Sidra port which is loaded with millions of dollars of crude that a separatist militia is trying to sell.

Libya's National Oil Corp. says the crude oil on the tanker - which is capable of carrying 225M barrel - is the property of the company and its consortium partners, ConocoPhillips (COP), Marathon Oil (MRO) and Hess (HES).

The confrontation is the most serious standoff between militias that have paralyzed the country's oil industry and a weak central government struggling to exert its authority.

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Comments (21)
  • dunnhaupt
    , contributor
    Comments (2228) | Send Message
     
    Wow, on slow days this would make a big headline. But the news of the Manila airplane and Putin's latest stunt overshadows it.
    10 Mar 2014, 01:38 PM Reply Like
  • cannedpawn8
    , contributor
    Comments (212) | Send Message
     
    Malaysian airline.
    11 Mar 2014, 04:51 AM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    I wouldn't consider anything V. Putin did as a stunt. Now if you said Obama you'd be right on target.
    11 Mar 2014, 11:33 AM Reply Like
  • UnCoverUp
    , contributor
    Comments (80) | Send Message
     
    Appears that Libyan freedom fighters are contesting the legality of the corrupt deals ConocoPhillips Chairman James J. Mulva and his Waha Oil partners struck with former Libyan dictator Gaddafi--as described in "ConocoPhillips Shareholder Proposal -- 2012" (http://bit.ly/1dIMU1Q). The only hope for justice for Libyan freedom fighters may be to seek Mulva's extradition to the International Court of Justice (ICoJ) because ConocoPhillips is obviously using its regulatory capture of DoJ/SEC-employed lawyers to extort quid pro quo selective non-prosecution protection for the corporations' directors' crimes.
    10 Mar 2014, 01:40 PM Reply Like
  • Maobama
    , contributor
    Comments (487) | Send Message
     
    UnCoverUp: get a grip. That will never happen. Thanks for posting your liberal bias though, I am sure investors in COP and the other Waha co's will rush out to sell their shares!
    10 Mar 2014, 02:43 PM Reply Like
  • wizjinx
    , contributor
    Comments (487) | Send Message
     
    You made me laugh a little, then I realized you were serious.
    10 Mar 2014, 07:22 PM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    The only one that should go to the court of justice is our esteemed
    leader Barack Obama, for meddling in Lybia's affairs. He has created a super mess in the middle east.
    11 Mar 2014, 11:37 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10481) | Send Message
     
    COP has a worldwide footprint. I'm a long time shareholder. Good company.
    10 Mar 2014, 02:48 PM Reply Like
  • Ta0
    , contributor
    Comments (493) | Send Message
     
    I'm confused. So who actually owns the oil?
    10 Mar 2014, 03:19 PM Reply Like
  • Maobama
    , contributor
    Comments (487) | Send Message
     
    The Waha partners: Libya's Natl Oil Co, Hess, Marathon and Conoco.

     

    It's not the rebels oil to sell...
    10 Mar 2014, 03:50 PM Reply Like
  • UnCoverUp
    , contributor
    Comments (80) | Send Message
     
    2839298249: maybe you should "get a grip" on recent Libyan history. The Libyan freedom fighters apparenly believe that the oil is owned by the citizens of Libya. The only claims ConocoPhillips, Marathon and Hess have to Libyan oil are based upon demonstrably corrupt agreements (as discussed in "ConocoPhillips Shareholder Proposal -- 2012" referenced above) between the corporations' officer-directors and the now dead or jailed members of Gaddafi crime family. There is no question how a Libyan jury would decide the merits of Waha partners' contract claims to Libyan oil in light of the substantial evidence showing the contracts were granted by the Gaddafi family as quid pro quo for bribes paid by the Waha partners. Less certain is how a Libyan jury will decide the criminal cases of jailed Gaddafi family members and the officer-directors of US-based international oil companies (IOC's) like ConocoPhillips' Mulva who aided and abetted them in their crimes against the Libyan people for decades.
    10 Mar 2014, 05:27 PM Reply Like
  • jjmc2001
    , contributor
    Comments (1357) | Send Message
     
    I am not sure where you got your law degree but these contracts were negotiated with the Libyan government (at the time they were signed). Whether we like Gaddafi or not he was in power at the time. Just so I understand are you recommending that all contracts with Libyan are not valid because Gaddafi and his family were crooks? I am not sure a Libyan jury will get to decide the contract law. I think I will stay long MRO.
    10 Mar 2014, 06:34 PM Reply Like
  • wizjinx
    , contributor
    Comments (487) | Send Message
     
    So you're saying that because these companies did business in the region that that makes them criminally implicit in the crimes of the government that allowed them to do business? You are totally out of your mind.
    10 Mar 2014, 07:24 PM Reply Like
  • Maobama
    , contributor
    Comments (487) | Send Message
     
    UnCoverUp: Is it the fault of COP, HES, MRO that they signed contracts with the Qaddafi government? These companies spent billions of dollars to explore, drill and build infrastructure all the while employing thousands of Libyan citizens. If these companies didn't drill who would? Let me guess? Russians, Chinese, maybe Venezualans, they would all have been a marked improvement versus US public companies operating under SEC transparency.

     

    COP, HES, MRO are not responsible for the mess in Libya.

     

    Maybe you should direct your anger at the Obama State Dept, which seems to have extensive expertise in Libyan cover-ups.
    10 Mar 2014, 09:46 PM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    The rebels are a bunch of trouble makers and should be destroyed, as
    should be done to their rebel bros in Syria.
    11 Mar 2014, 11:40 AM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    Those agreement are legitimate and Conoco,hess & marathon are paying
    for that oil. It's the oil companies crude oil. As far as crimes against the
    Lybian people, there were no crimes. Obviously the people committed
    crimes and were punished. If the U.S would learn a little about crime & punishment this country would be alot safer for law abiding citizens.
    11 Mar 2014, 11:46 AM Reply Like
  • Ta0
    , contributor
    Comments (493) | Send Message
     
    Thank you everyone for the clarification. I own COP and am hoping for the best.
    13 Mar 2014, 12:45 PM Reply Like
  • siegar
    , contributor
    Comments (2) | Send Message
     
    I have both COP/PSX and Hess.No hurry to dump them either
    10 Mar 2014, 04:34 PM Reply Like
  • BlueOkie
    , contributor
    Comments (10481) | Send Message
     
    I'm routinely adding to both.
    12 Mar 2014, 02:47 PM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    I have conoco & am keeping it.
    11 Mar 2014, 12:04 PM Reply Like
  • baron40
    , contributor
    Comments (62) | Send Message
     
    i would if i could.
    14 Mar 2014, 03:34 PM Reply Like
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