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

|By:, SA News Editor

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.