Tuesday, March 8, 2011

The oil shortage, a threat to the Libyan revolution

The Eastern part of Libya, which is controlled by the rebels, he faces the risk of oil desabastecimienro after the decline in activity that has occurred in its refineries. The places to refuel have declined in Benghazi after the uprising, according to provisional government in Benghazi, and the reserves could be depleted within a week, according to Gulf News has reported.

A rebel spokesman, Tarek Bu Zaqiya, said that there is a real risk of oil supply cuts soon. While that oil is still flowing in Libya's eastern regional refineries have deleted the process, according to this same source. Against this background, opponents would be studying the possibility of sending oil to Europe, possibly Italian refinery for refining returned to them.

The control of oil is a vital asset in the conflict. The rebels, who already control vast areas of Libyan territory, require a constant supply of fuel to continue fighting against forces loyal to Colonel Muammar Gaddafi and bring down his regime. For their part, members of the Organization of Petroleum Exporting Countries (OPEC) will join Saudi Arabia and raise production to cool the rise in prices and reducing fears of a shortage of crude in the West, on Tuesday reported the Financial Times.

Kuwait, UAE and Nigeria will increase its production to 300,000 barrels per day in the coming weeks. The increase in production, scheduled for early April, nearly offset, together with a previous rise of Saudi Arabia, the fall in supply by reducing oil exports to Libya, the report added.

Producing countries of OPEC have said that there is a shortage of supply of crude to the market.

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