Chairman Of Libyan National Oil Corporation Defects To Tunisia

Tyler Durden's picture

Just out from Reuters: "Shokri Ghanem, chairman of Libya's National Oil Corporation (NOC), has defected from Muammar Gaddafi's government and is on his way to the Tunisian capital, a Tunisian security source told Reuters on Tuesday. Another source said earlier on Tuesday that Ghanem had arrived on the Tunisian island of Djerba after fleeing Libya." It is unclear if this will have much if any impact on the Libyan oil production which continues to be halted, and lately even the rebel have seen their output halted due to lack of supplies. One thing is sure: Saudi Arabia will scream loud that it will be more than happy and willing to replace any lost production even as it continues to cut its output as it now enjoys $120 brent a little too much. And yes, the Japan rebuilding effort will be run on chlorophyll.

And an update, and refutation, via Reuters:

There is no indication that Shokri Ghanem, chairman of Libya's National Oil Corporation (NOC), has defected from Muammar Gaddafi's government, a Libyan official in Tripoli said.

Tunisian and rebel sources have said Ghanem has defected and left Libya for Tunisia.

"I have no news that he has resigned or defected or something," the Libyan official said. "Part of his job is to travel and deal with oil companies. So we have not heard anything beyond that."