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Stock impact report

Unemployed threaten Libya oilfields feeding Es Sider; production normal [Reuters]

Hess Corporation (HES) 
Last hess corporation earnings: 1/29 07:30 am Check Earnings Report
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Company Research Source: Reuters
Unemployed threaten Libya oilfields feeding Es Sider; production normal | Reuters 2 Min Read BENGHAZI, Libya (Reuters) - A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday. An oil engineer said that despite the threat, oil production was running normally through the pipeline feeding the Es Sider terminal, which runs near Marada. But officials said they were closely monitoring the protests as similar action by the unemployed had led to pipeline closures in other parts of the North African country, which has been in turmoil since the toppling of leader Muammar Gaddafi in 2011. “We the youth have decided to shut down all oilfields in Marada...unless all problems are solved urgently,” the group of unidentified youth said in a statement. The statement complained about an absent state, lack of health care and other services, and Marada town’s lack of road links to other communitie Show less Read more
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