Libya Set to export more oil

TRIPOLI: Libya's crude oil exports will jump to almost 350,000 barrels per day in November, more than double the volume sold the previous month, sources at the National Oil Company (NOC) told Reuters in an interview on Sunday. 

The NOC plans to sell a total of up to 14 cargoes of oil from several fields, primarily in the east and at offshore sites which escaped the worst of the damage inflicted by the war and located in areas that were liberated soon after the uprising. 

A further two cargoes were expected to be offered by Benghazi-based subsidiary Agoco, bringing the total to 16, the sources said. 

Libya's crude oil exports virtually ground to a halt during the war, with just two cargoes leaving the country's ports until September, when the first flows began trickling back into the market. 

Before the February uprising that toppled former leader Muammar Gaddafi and ultimately led to his capture and death just over a week ago, Libyan crude oil exports stood at 1.3 million bpd. 

Agoco was due to hand over responsibility for sales in mid-November, the sources said. 

At least eight cargoes of crude and condensate have been sold since Agoco's fields began pumping oil again almost two months ago, and several grades have been offered.

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Rebels Shatter The Gaddafi Home

Tripoli, Libya: In the recent turn of events the rebels marched in to the head quarters of Gaddafi and had looted the armories and killing the loyalist troops. The rebels also crushed the symbolic statue of Gaddafi set outside the home. The troops did cause destruction to the home and was searching for the man himself if the reports are to be believed. The president was already off the house and according to the pro-Gaddafi channel in Libya, the move was of tactical importance and was done during the hours of NATO attack on to the palace. 

The attack on to Bab Al-Aziziya, long the nexus of Gaddafi power marked the end of 42-year old regime of the Gaddafi power, but since the president and the powerful sons are still out of reach, the rebels cannot claim victory. The sources mention that there are still sounds of gun shots heard through the city and the rebels are pretty strong in the fight.

Al-Rai TV quoted that they will be screening the excerpt from the President Gaddafi mentioning that he will be resisting the rebels with full strength and the quote also includes his appreciation to the troops and their resistance. The government spokesman also mentioned that:

"We will be back to take on Tripoli"

The rebel force entered the compound after fighting for five hours with Gaddafi loyalists outside, using mortars, heavy machine guns and anti-aircraft guns. They killed some of those who defended the compound and hauled off thousands of rifles, crates of weapons and trucks with guns mounted on the back in a frenzy of looting.

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