• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 42 mins Could oil demand collapse rapidly? Yup, sure could.
  • 8 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 5 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 1 hour What If Canada Had Wind and Not Oilsands?
  • 4 hours WE Solutions plans to print cars
  • 4 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 4 hours Oil prices going down
  • 9 hours Nopec Sherman act legislation
  • 15 hours Sabotage at Tesla
  • 8 hours Sell out now or hold on?
  • 13 hours China & India in talks to form anti-OPEC
  • 3 hours Australia mulls LNG import
  • 11 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 11 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 3 hours Oil and Trade War
  • 10 hours Trump Hits China With Tariffs On $50 Billion Of Goods
Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

Libyan Oil Production Falls Further As Wafa Field Goes Offline

Wafa field

Just a day after production at Libya’s largest oil field was suspended, the National Oil Corporation told local media that another field, Wafa, has also stopped producing. This could result in daily losses of as much as $10 million, NOC warned, adding that oil and gas from Wafa could siphon into Algeria, as the field is connected underground with Algeria’s Alrar.

Sharara and Wafa together account for over 250,000 barrels of crude in Libya’s total daily output. Two weeks ago, an unnamed armed group blocked the pipeline feeding crude from Sharara and Wafa into the Zawiya export terminal, sending oil prices soaring. Production was resumed a few days later.

This Sunday, reports of another pipeline block at Sharara emerged, again referring to those responsible for the block as unnamed armed groups. This situation was resolved more quickly, with intervention from NOC’s chairman Mustafa Sanalla, who managed to convince the blockers to release the pipeline and allow the oil to flow.

Now, NOC is saying that restarting gas production at Wafa will be a complex matter for technical reasons. This is the third outage at Wafa: in late March, members of the Petroleum Facilities Guard turned off a gas pipeline valve cutting off gas supply to the Ruwais power station, claiming they were due wages – the same demand the PFG used when it controlled the four export terminals in the Oil Crescent.

Meanwhile, forces loyal to the Government of National Accord and the Libyan National Army, which is affiliated with the House of Representatives and the rival government in the East, are fighting for control over an airbase in southwestern Libya. The Tamenhint airbase is currently under the control of the GNA forces but the LNA is advancing.

While the political situation remains extremely volatile, despite calls for a dialogue between the West and the East from the UN’s Support Mission’s chief Martin Kobler, crude oil production is falling: even before Sharara’s second shuttering, daily output had fallen from 700,000 bpd to 660,000 bpd.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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