Political Risk

Libya ousts prime minister after ship leaves rebel-held port with illegal oil

“Libya’s parliament handed a no-confidence vote to Prime Minister Ali Zeidan on Tuesday in yet another jolt to the oil-rich nation’s crumbling political stability. Libya’s elected General National Congress (GNC) ousted Zeidan a day after the government failed to stop a North Korean-flagged oil tanker from departing Libya’s eastern shore with an unauthorized $36 million cargo of crude oil.”

Source: Libya ousts prime minister after ship leaves rebel-held port with illegal oil – The Washington Post

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