Start of civil war in Libya has sharply increased oil prices in Europe

Baku, Fineko/ Over the past weekend Libya ‘won over’ its unfortunate status of the leader of pan-Arab revolution, blazing in the Arab Maghreb for third month running.

Son of the leader of the Libyan Revolution Muammar Gaddafi Saif al-Islam has already stated that Libya is on the brink of civil war because of confrontation of the tribes.

The world oil market reacted immediately: quotes for North Sea Brent crude in Singapore rose by $1 a barrel, and thereby increased further the unconventional gap in the cost of North Sea oil and the U.S. oil.

Seif al-Islam tried to extinguish the fire of the new Libyan revolution by promising to increase wages in the country, ensure the freedom of the press begin a dialogue with the opposition and create a committee to draft a constitution of Libya.

But the appeal has been late. Leader of Libyan tribe Al-Zuwayya, inhabiting the east of Libya, Shaikh Faraj al Zuway set an ultimatum to country’s authorities demanding to stop the suppression of the protests for 24 hours. Otherwise, the Sheikh threatened to cut off the supply of Libyan oil to the West. Akram Al-Warfalli, the head of tribe Al Warfalla claimed that Moammar Gadhafi was proposed to leave.

Meanwhile, massacres in the country are ongoing. According to foreign agencies, victims of popular unrest and the suppression of the army were 200 people and another 1,000were wounded. According to Seif al-Islam’s data, 84 people have been killed for all the days of riots in Benghazi.

"The media warm up the numbers," he noted.

Events in the Maghreb have already brought down the regimes in Tunisia and Egypt. In Bahrain, the army has used military weapons to disperse the demonstrators, won over the central area of the country, but trade unions (political parties are banned in this country) have called for a general strike, so it is early to sum up the results of the confrontation.



21.02.2011 09:45


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