• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 40 mins Real Death Toll In CCP Virus May Be 12X Official Toll
  • 2 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 13 hours WE have a suicidal player in the energy industry
  • 3 hours The Most Annoying Person You Have Encountered During Lockdown
  • 4 hours Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 7 mins Which producers will shut in first?
  • 10 mins How to Create a Pandemic
  • 1 hour A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 18 hours Washington doctor removed from his post, over covid
  • 4 hours Death Match: Climate Change vs. Coronavirus
  • 17 hours KSA taking Missiles from ?
  • 17 hours Shale Legs
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




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