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    <pubDate>Thu, 13 Aug 2026 07:43:07 +0500</pubDate>
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      <title>Libya rebels pen oil deal with Qatar</title>
      <link>https://www.brecorder.com/news/9658/libya-rebels-pen-oil-deal-with-qatar</link>
      <description>&lt;p&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/april/libya_400.jpg" width="400" height="263" /&gt;BENGHAZI: Libyan rebels have penned a deal with Qatar to market their crude oil abroad in exchange for food, medicine and fuel, a top official in the transitional government said Friday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The Qatar government agreed, the agreement is signed, that they will market crude oil for us," Ali al-Tarhoni, a senior member of the Transitional National Council who is in charge of oil and finance, told reporters.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;He said that under a "barter" deal aimed at circumventing international sanctions, Qatar would market the oil and use the proceeds to purchase humanitarian supplies for the rebels.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;He added that the deal did not concern the major oil terminals at Ras Lanuf and surrounding villages, which the rebels have twice seized and lost in battles with Kadhafi's forces.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The oil will instead come from the Sarir oil field in the country's remote southeast, which he insisted was under the firm control of the revolutionaries.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;He said the rebels would be able to export one million barrels a week once they acquired the vessels to transport it.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The only delay is finding the vessels... That is the only obstacle," he said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Last Sunday, Tarhoni said the rebels, who were at th time in control of all the country's eastern oil facilities, expected to begin exporting crude "in less than a week".&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We are producing about 100,000 to 130,000 barrels a day, we can easily up that to about 300,000 a day," he told a news conference.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;He said the rebel government had agreed an oil contract with Qatar, which would market the crude, and that he expected exports to begin in "less than a week."&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Tarhoni said he had signed the contract with Qatar recently and that the deal would help ensure "access to liquidity in terms of foreign denominated currency".&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We contacted the oil company of Qatar and they agreed to take all the oil we export and market that oil for us," he said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We have an escrow account... and the money will be deposited in this account, and this way there is no middle man and we know where the money is going."&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;A spokesman for Qatar Petroleum, the tiny resource-rich nation's public oil company, declined to confirm the deal.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Libya's oil exports, ordinarily about 1.7 million barrels a day, have ground to a halt since the unrest began.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;While the exports meet only two percent of worldwide demand, Libya produces much prized "sweet," low-sulphur crude, which is easy and cheap to refine into petrol.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/april/libya_400.jpg" width="400" height="263" />BENGHAZI: Libyan rebels have penned a deal with Qatar to market their crude oil abroad in exchange for food, medicine and fuel, a top official in the transitional government said Friday.</p>
<p class="MsoPlainText">"The Qatar government agreed, the agreement is signed, that they will market crude oil for us," Ali al-Tarhoni, a senior member of the Transitional National Council who is in charge of oil and finance, told reporters.</p>
<p class="MsoPlainText">He said that under a "barter" deal aimed at circumventing international sanctions, Qatar would market the oil and use the proceeds to purchase humanitarian supplies for the rebels.</p>
<p class="MsoPlainText">He added that the deal did not concern the major oil terminals at Ras Lanuf and surrounding villages, which the rebels have twice seized and lost in battles with Kadhafi's forces.</p>
<p class="MsoPlainText">The oil will instead come from the Sarir oil field in the country's remote southeast, which he insisted was under the firm control of the revolutionaries.</p>
<p class="MsoPlainText">He said the rebels would be able to export one million barrels a week once they acquired the vessels to transport it.</p>
<p class="MsoPlainText">"The only delay is finding the vessels... That is the only obstacle," he said.</p>
<p class="MsoPlainText">Last Sunday, Tarhoni said the rebels, who were at th time in control of all the country's eastern oil facilities, expected to begin exporting crude "in less than a week".</p>
<p class="MsoPlainText">"We are producing about 100,000 to 130,000 barrels a day, we can easily up that to about 300,000 a day," he told a news conference.</p>
<p class="MsoPlainText">He said the rebel government had agreed an oil contract with Qatar, which would market the crude, and that he expected exports to begin in "less than a week."</p>
<p class="MsoPlainText">Tarhoni said he had signed the contract with Qatar recently and that the deal would help ensure "access to liquidity in terms of foreign denominated currency".</p>
<p class="MsoPlainText">"We contacted the oil company of Qatar and they agreed to take all the oil we export and market that oil for us," he said.</p>
<p class="MsoPlainText">"We have an escrow account... and the money will be deposited in this account, and this way there is no middle man and we know where the money is going."</p>
<p class="MsoPlainText">A spokesman for Qatar Petroleum, the tiny resource-rich nation's public oil company, declined to confirm the deal.</p>
<p class="MsoPlainText">Libya's oil exports, ordinarily about 1.7 million barrels a day, have ground to a halt since the unrest began.</p>
<p class="MsoPlainText">While the exports meet only two percent of worldwide demand, Libya produces much prized "sweet," low-sulphur crude, which is easy and cheap to refine into petrol.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p>
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      <guid>https://www.brecorder.com/news/9658</guid>
      <pubDate>Fri, 01 Apr 2011 08:42:54 +0500</pubDate>
      <author>none@none.com (Asad Naeem)</author>
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