• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 8 hours In a Nutshell...
  • 7 hours Is OilPrice a cover for Green Propganda
  • 6 hours Why Wind is pitiful for most regions on earth
  • 19 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 1 day Putin Paid Militants to Kill US Troops
  • 2 days Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". With 1 out of 5 Democrats admitting it. How many Dem's believe it but will not admit it?
  • 2 days Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 2 days Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 19 hours Joe Biden to black radio host, " If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 2 days Happy 4th of July!
  • 2 days Apology Accepted!
  • 3 days The Political Genius of Donald Trump
  • 4 days Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
Moody’s Turns Bearish On Oil Demand Growth

Moody’s Turns Bearish On Oil Demand Growth

Moody’s and the Boston Consulting…

Supermajors Are Flocking To This Booming Oil Frontier

Supermajors Are Flocking To This Booming Oil Frontier

Supermajors are flocking to this…

Libya's Oil Blockade Could Soon Come To An End

Libya's Oil Blockade Could Soon Come To An End

The leaders of groups affiliated…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

100,000 Barrels Offline As Libya Is Plagued By Strikes

Production at Libya’s 100,000-bpd Sarir field has been halted after a protest over unpaid salaries had stopped exports at the eastern port of Hariga, Omran al-Zwai, spokesman for Libya’s Arabian Gulf Oil Co, told Bloomberg on Monday.

The sit-in protests at Hariga, initiated by a unit of the Libyan Petroleum Facilities Guard, had already caused a delay of two shipments of crude oil.

The industrial action had impeded a shipment of 600,000 barrels at Hariga en route to Italy, and such shipment has been on hold since Saturday, Bloomberg quoted al-Zwai as saying. Arabian Gulf Oil Co, or Agoco, may see its production halt within a week should the sit-in continue, the official added.

Hariga, which has a daily export capacity of 120,000 barrels, is not the only export terminal frozen by the Guard, whose allegiances are as divided as those of the national oil company, which only recently reunited after its two managements decided to forgo their differences in a bid to restore Libya’s oil production and exports.

Hariga was last closed in May, during a dispute between the eastern unit of the National Oil Corporation and the western branch of the company. It reopened relatively quickly, and from then until the start of July, exports from the terminal reached 1.5 million barrels. This is close to what Libya’s total daily exports used to be four years ago. Now, the country ships just 300,000 bpd.

Libya has been torn by conflict since the removal of Muammar Gaddafi five years ago. This conflict has had a severe effect on its oil industry, with warring factions blockading oilfields and ports alike.

Libya, which has the largest crude oil reserves in Africa, has now become second from the bottom in terms of output among OPEC members.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News