• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 3 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 5 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 2 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 3 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days Modest drop in oil price: SPRs vs US crude inventory build
  • 2 days 2019 - Attack on Saudi Oil Facilities.
  • 4 days Ukrainian Maidan after 8 years
  • 4 days Peak oil - demand vs production
  • 5 days "How the CO2 shortage is impacting the food and drink sector" - Specialty Food Magazine
  • 5 days NordStream2
  • 6 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Libya’s Oil Exports Could To Go To 0 bpd Within One Month

Libyan officials attached to the government in Tripoli are warning that the country will have to halt the majority of its output from southeastern fields within a month’s time as the Hariga port remains under blockade over an export dispute between rival governments.

Fields in the south-east which provide the majority of the Libyan oil output will be shut down in a month unless blockade on the Mediterranean Sea terminal Marsa el-Hariga if lifted, officials in Tripoli have warned on Tuesday.

Factions loyal to the eastern government in Tobruk, and the parallel National Oil Company in Benghazi, have been in control of the Hariga port, which is under blockage since the Benghazi NOC unsuccessfully attempted to unilaterally export oil late last month. Related: Oil Prices Rally As Canadian, Nigerian Outages Continue

“In less than four weeks we will have to shut production completely because the tanks at Hariga will be full,” Mohamed Harari, a spokesman for the National Oil Company, said in an e-mailed statement late on Monday. "The blockade will cause serious harm and bring no benefits.”

Oil production has already collapsed by a whopping 80 percent following the violent removal of former dictator Muammar Ghaddafi.

Due to the eastern factions’ decision to block shipments, production at the oil fields Messla and Sarir has been decreased by almost one-third, dropping to 90,000 barrels a day from 240,000 barrels. Related: What OPEC Has To Fear From The New Saudi Oil Minister

"The worst thing is this blockade will achieve nothing," NOC Chairman Mustafa Sanalla said in a statement. "In terms of legitimacy, which is what the blockaders want, it is a dead end."

The oil shipments through Marsa el-Hariga account for three quarters of the country’s exports and the scenario of oil production brought to a halt doesn’t bode well for a country far from being stabilized politically and economically. However, as it faces being sidelined by a national unity government, this is exactly the leverage the eastern government and the eastern NOC is hoping to gain through the unilateral exports and the port blockade.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News