libya will sue, cut off firms buying oil from seized ports

TRIPOLI: Libya will sue any foreign firms trying to buy oil from eastern ports seized by armed protesters and stop doing business with them, its oil minister said Wednesday.

“Any firm ... dealing with the armed groups which have closed the oil ports will be sued and banned from any future cooperation,” Abdel-Bari Arusi told Reuters.

“There won’t be any market for them in Libya anymore. We are warning all global and small firms against dealing with the armed groups,” he said.

He said the OPEC producer was producing around 650,000 barrels a day of oil, of which 510,000 bpd was being exported. The rest is used to feed the Zawiya and Tobruk refineries.

A version of this article appeared in the print edition of The Daily Star on January 09, 2014, on page 5.




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