National Oil Corp. in western Libya warned traders against loading “illicit” cargoes of oil at Hariga port in the eastern part of the country amid claims by a competing organization that it’s arranging such sales. Six or seven foreign companies signed oil-purchase contracts from the port with people who “have no authority to sell Libyan oil,” the Tripoli-based NOC said in a statement, citing Ahmad Shawki, general manager for international marketing. It identified Loyd Capital and Netoil as among buyers attempting to load crude at Hariga. “The only authority legally empowered to sell Libyan crude oil is the National Oil Corporation, with its seat in Tripoli,” NOC said. Libya, which holds Africa’s largest proven oil reserves, split into two administrations late in 2014, one in the west and an internationally recognized government in the east. It’s now in the process of setting up a Government of National Accord. The […]