• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
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

Libya Declares Force Majeure On Loadings From El-Feel Oilfield

El Feel

Libya’s volatile production and exports may inadvertently help OPEC and its allies in supply restrictions these days, after the Libyan National Oil Corporation (NOC) has declared force majeure on crude oil loadings of an export grade fed by an oilfield which was shut down last Thursday.

According to six industry sources familiar with the issue who spoke to Reuters, NOC has declared force majeure on the Mellitah crude blend loadings, following the closure of the 73,000-barrels-per-day El Feel oilfield.  

The oilfield was shut down last week due to an unlawful closure of a valve on the export pipeline from El Feel field to Mellitah, NOC said.

El Feel—which NOC and Italy’s oil and gas major Eni operate in a joint venture—is one of the streams of the Mellitah crude blend, the other being condensate from the Wafa oilfield.  

Last week’s interruption of El Feel production was the second shutdown of operations at the oilfield in two weeks.

El Feel field was shut down on November 27 due to airstrikes, after the eastern-based Libyan National Army (LNA), led by Khalifa Haftar, retaliated after forces loyal to the UN-backed Libyan government in Tripoli allegedly took control of the oilfield in the southwest.  

A day later, military activity at the field stopped and production resumed, NOC said on November 28, with NOC chairman Mustafa Sanalla noting that Libyan oilfields are vital sources of revenues for the country and that the fields “must not be treated as military targets.”  

Libya’s oil production was volatile in the spring and summer after Haftar—whose forces control most of Libya’s oilfields—ordered in early April his Libyan National Army to march on the capital Tripoli.

Two outages at the biggest oil field, Sharara, in one month forced Libya’s oil production down to below 1 million bpd in the first week of August—the lowest level in five months.

Libya’s production stabilized and even increased in September and October—to 1.16 million bpd and 1.167 million bpd, respectively, according to OPEC’s figures.

Yet, Libya is exempted from the OPEC+ production cuts due to its fragile security situation.  

ADVERTISEMENT

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




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