Protesters close Libyan Zueitina oil terminal, halt exports
Protesters and disgruntled job seekers forced the closure of an eastern Libyan oil terminal on Wednesday, May 15, 2013 for the second time in six months, disrupting exports, said an oil ministry official. Deputy Oil and Gas Minister Omar al-Shakmak said dozens demonstrated at Zueitina terminal, demanding the Libyan National Oil Corporation make good on pledges to hire 340 people. This is the second time protesters have closed the terminal, through which flows 20 percent of Libya’s 1.6 million barrels a day of exports. Zueitina is located 870 kilometers (540 miles) east of Tripoli.
Reforms Cut Container Stay At Dar Port From 25 to 9 Days
Reforms in the private sector have reduced the number of days a container spends at Dar es Salaam port from 25 in 2009 to 9 by May 2013, the Minister in the Prime Minister's Office, Investment and Empowerment, Dr Mary Nagu has said.
She told Parliament yesterday that reforms that aimed at making the private sector the driver of the economy have brought various successes including an increase in tax collection, thus impacting positively on the economy.
As a result, she said foreign direct investments had increased from 520m US dollars in 2005 to 1.1bn US dollars in 2011, and government revenue from local taxes had increased from 25bn/- in 1980 to 800bn/- currently.