The fate of the North Korea-flagged Morning Glory oil tanker, and the $36 million worth of Brent Crude loaded on it, remains shrouded in mystery tonight, as rebels from the port where the oil was loaded denied military claims of having captured the ship.
The ship belongs to a company based in the United Arab Emirates, but they say they lost control of the crew some time ago and have no operational control over the ship anymore. Libya’s Defense Ministry tried to order the Air Force to blow the tanker up, but they refused.
The Obama Administration insists any attempt to buy oil from a Libyan port without Libyan government permission “amounts to theft from the Libyan people” and would expose the buyers to sanctions. Libya’s oil production was 1.6 million barrels a day before the NATO-imposed regime change, and is now just over 200,000.
Last 5 posts by Jason Ditz
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