libyas oil output down 252000bpd due to armed protests
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Libya's oil output down 252,000bpd due to armed protests

Arab Today, arab today

Arab Today, arab today Libya's oil output down 252,000bpd due to armed protests

Oil production
London - Arab Today

Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing output by 252,000 barrels per day (bpd), a source at the National Oil Corporation (NOC) said on Tuesday.

NOC declared force majeure on loadings of Sharara crude from the Zawiya oil terminal in the west of the country and Wafa condensate loadings from the Mellitah terminal. 

Supplies were stopped by the shutdown of pipelines leading from the fields to Zawiya refinery and port, a Libyan oil source said. The identity of the group was not immediately clear and there had been no claim of responsibility, he said.

The shutdown at Sharara, which had been producing about 220,000bpd, began on Monday, a day after the Wafa shutdown, the NOC source said.

There was no official comment from the NOC.

The stoppage threatens a partial revival of Libyan output after years of disruptions due to conflict, political divisions and local protests. Pipelines and ports have repeatedly been blocked by groups demanding salary payments or other funding.

National production has still more than doubled since last year to reach about 700,000bpd. Three eastern oil ports were reopened in September, and Sharara resumed operations in December when a two-year pipeline blockade was lifted.

Production remains far below the 1.6 million bpd that Opec member Libya pumped before the 2011 uprising in the North African nation. NOC has set ambitious output recovery goals.

NOC said last week it hoped to raise production from Sharara to nearly 300,000bpd, and that it was targeting national output of 800,000 by the end of April.

Austrian oil firm OMV, one of the foreign partners in Sharara, was due to load a 600,000 barrel cargo of Sharara crude from Zawiya on board the Sea Vine tanker later this week.

The booking for the tanker has been cancelled, a Libyan port source with knowledge of the shipment told Reuters.

OMV did not immediately respond to a request for comment.

The oilfield is operated by a joint venture between NOC and a consortium of Repsol, Total, Statoil and OMV.

Source :Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

libyas oil output down 252000bpd due to armed protests libyas oil output down 252000bpd due to armed protests

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

libyas oil output down 252000bpd due to armed protests libyas oil output down 252000bpd due to armed protests

 



GMT 08:23 2017 Monday ,03 April

Tesla tops quarterly sales forecast

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 05:28 2017 Sunday ,26 November

Gas exporters call for 'fair price'

GMT 10:51 2018 Tuesday ,11 December

Cloudy weather with rain showers forecast Tuesday

GMT 20:00 2017 Monday ,25 September

Tourism minister leaves for France to attend Top Resa

GMT 22:07 2017 Tuesday ,02 May

UAE soldier martyred in Yemen

GMT 00:25 2017 Sunday ,10 September

Philippines Sees the Bloodiest

GMT 20:21 2017 Wednesday ,08 November

Ambassador Aizaz Chaudhry met members of Congress in US

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:16 2017 Monday ,25 December

Sharjah Ruler issues Emiri Decree on SGMB functions

GMT 13:16 2017 Sunday ,15 October

Qatari sheikh says assets frozen over Gulf crisis

GMT 12:50 2017 Saturday ,11 November

ICC prosecutor calls for Afghanistan war crimes probe

GMT 13:28 2012 Friday ,17 February

NYT\'s Anthony Shadid dies in Syria

GMT 16:44 2017 Friday ,01 September

Al-Bashir to partake in OIC Summit in Kazakhstan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday