• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 7 minutes The Secret China Iran Oil Deal At The Heart Of One Belt One Road Project
  • 11 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 15 minutes A Million Tesla Semi Trucks can replace 3 million barrels of oil per day?
  • 1 day Trump Suggests Delaying Election Amid Fraud Claims
  • 1 day Rational analysis of CV19 from Harvard Medical School
  • 3 hours Trump Hands Putin Major Geopolitical Victory
  • 2 days The World is Facing a Solar Panel Waste Problem
  • 9 hours Mask Disposal
  • 4 hours Why No One Has Started a Thread on Portland
  • 7 hours "The Great Reset" What does this mean for you.
  • 10 hours Pompeo upsets China; oil & gas prices to fall
  • 12 hours You may all go to hell
  • 11 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 2 days Trump is turning USA into a 3rd world dictatorship
Why Iran And China Are Pushing Iraq To Boost Oil Production

Why Iran And China Are Pushing Iraq To Boost Oil Production

Iraq’s decision to restart production…

Big Oil Braces For Brutal Earnings Season

Big Oil Braces For Brutal Earnings Season

Oil majors are preparing to…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

800,000 Bpd Offline After Haftar Affiliates Halt Exports

Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between Haftar’s LNA and the UN-recognized Government of National Accord.

A Sunday report by the Wall Street Journal added a key pipeline to the list of blocked assets that will affect Libya’s oil production adversely for at least a few days.

The pipeline connects the largest field in Libya, Sharara, and neighboring El Feel, to the Zawiya export terminal. According to the Libya Observer the pipelines were more than one. In any case, Sharara and El Feel together produce a sizeable portion of Libya’s total output, with Sharara alone capable of pumping 200,000 bpd.

The Libyan National Oil Corporation declared force majeure on oil exports soon after the news of the seizures broke and warned the blockade could cost the country $55 million daily, the Libya Observer reported. The blockade will also cost Libya between 500,000 and 800,000 bpd in lost oil production, according to different reports. Before the blockade, Libya was pumping around 1.3 million bpd.

Bloomberg quoted an unnamed source as saying production could drop as low as 72,000 bpd if the export halt extends and storage tanks get full. Related: Putin’s Powerplay Could Jeopardize The OPEC Deal

Al Jazeera reports the terminals and the fields were seized on Friday as a challenge to the GNA, who Haftar has been fighting for several months now with the ultimate goal of removing the government from power and, according to him, unifying Libya. Haftar and his Libyan National Army is loyal to the rival government in the East.

"Haftar's General Command and the Petroleum Facilities Guard of the Central and Eastern Regions have instructed the managements of Sirte Oil Company, Harouge Oil Operations, Waha Oil Company, Zueitina Oil Company and Arab Gulf Oil Company (AGOCO), subsidiaries of the National Oil Corporation, to stop oil exports from Brega, Ras Lanuf, Hariga, Zueitina, and Sidra ports," a statement by the company said as quoted by the Libyan news outlet.

The peace talks between General Haftar and Fayez al-Serraj, the Prime Minister of the GNA, began yesterday in Berlin.

By Irina Slav 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