Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Libya's oil output down more than fifty percent since February -NOC

 

 

By REUTERS

TUNIS
Petroleumworld 10 06 2018

Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.

The NOC had not previously stated how high the country's production had climbed after partially recovering to more than 1 million bpd a year ago.

In the video statement dated July 8 the chairman of Tripoli-based NOC, Mustafa Sanalla, said the Feb. 23 closure of the El Feel oilfield due to protests led to the loss of 80,000 bpd, but output had subsequently remained around 1.1 million bpd.

Last month it dropped sharply when an armed attack against forces loyal to eastern-based commander Khalifa Haftar at the oil export ports of Ras Lanuf and Es Sider shut both terminals down.

After Haftar's Libyan National Army (LNA) repelled the attack a week later, it announced it would hand the ports and fields in the east to a parallel NOC.

Ras Lanuf and Es Sider have remained shut and tankers booked by the NOC in Tripoli, which is recognised internationally as the sole producer and seller of Libyan oil, have been unable to load.

“Our production today is 527,000 bpd. Tomorrow it will be less and the day after tomorrow less again. And we are going lower,” Sanalla said.

The NOC had previously estimated the production loss from the stoppage at 850,000 bpd, or $67 million in daily revenue.

OPEC member Libya was pumping 1.6 million bpd or more before conflict, blockades and political splits slashed output from 2013.

 

_________________________

Twitter: @petroleumworld1

Petroleumworld.com


Hit your target - Advertise with Us

Reporting by Aidan Lewis and Ahmed Elumami, editing by Louise Heavens from Reuters.

reuters.com 09 10 2018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1


November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.