Libya warns against buying stolen crude

Libya warns against buying stolen crude

Libya’s NOC issued a press release regarding the stolen property and illicit transaction.
Libya’s National Oil Corporation wishes to make clear that the crude oil loaded upon the vessel “Morning Glory”, which is now at Essider Terminal in Libya, is the property of NOC and its Partners. No person or entity except the NOC and its legitimate partners may transfer title to such crude oil, and no such transfer has occurred. NOC will pursue all of its remedies to preserve and enforce its rights over the cargo and to hold responsible all the parties participating in illicit transactions relating to it in any jurisdiction, both within and outside of Libya.
Libya is poised for conflict as the government has ordered a military operation against rebel militias who have loaded $38 million worth of oil onto a foreign tanker in Es Sider. Rebels earlier said they would treat any attack as “a declaration of war.”

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