CAIRO (WKOW) -- The crisis in Libya continues, and more and more reports suggest that the situation there, is causing a rise in gas prices here in the U.S. Regardless though, officials say, oil exports will continue throughout the country.
Libyan oil officials in the rebel-held east say that exports are proceeding "normally" and that funds for the shipments will continue to be deposited into the country's accounts even if the OPEC nation comes under international sanctions.
A senior official with the Arabian Gulf Oil Co. said Wednesday that tankers are lining up at the eastern port of Marsa al-Harig.
He says: "We don't want to stop the exports." The official spoke on condition of anonymity for security reasons. He added, "it's not in our interests, or the interest of the global market, to disrupt exports."
Rajab Sahnoun, another executive with Agoco, said they were receiving their normal volumes through the pipeline to the port near Tobruk -- roughly 70,000 barrels per day