• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 3 hours Is the oil & gas industry on the way out?
  • 33 mins In a Nutshell...
  • 5 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 2 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 46 mins Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 2 days Where is Alberta, Canada headed?
  • 32 mins COVID is real now
  • 2 days Putin Paid Militants to Kill US Troops
  • 11 hours Why Oil could hit $100
  • 3 days The Coal Industry May Never Recover From The Pandemic
  • 3 days A Real Reality Check on "Green Hydrogen"
  • 3 days Why Wind is pitiful for most regions on earth
  • 2 days 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 ?
Oil Giant Considers Drastic Move As Pandemic Persists

Oil Giant Considers Drastic Move As Pandemic Persists

Anglo-Dutch oil major Shell is…

Oil Returns To $40 After COVID Correction

Oil Returns To $40 After COVID Correction

Oil prices fell on Thursday…

The Battle For Libya’s Oil Heats Up

The Battle For Libya’s Oil Heats Up

The battle for Libya’s oil…

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

Another Conflict Is Looming In Libya’s Oil Crescent

Libya’s oil could be under threat again, as fresh militant clashes may be coming to its oil region, just after the June-July standoff that crippled production and exports ended.

Ibrahim Jadhran—who led the attack on Libya’s Oil Crescent in June resulting in crippling the country’s oil production and exports during the summer—is now teaming up with tribes and forces loyal to Muammar Gaddafi and with Chadian rebels to plan a new military operation, aiming to strike the oil region again, media report.

Jadhran has met with Omar Tantoush, a former leader of the forces of eastern strongman General Khalifa Haftar who leads the Libyan National Army (LNA), to form a brigade of Gaddafi loyalists, the Libya Observer reports, quoting another news outlet, The New Arab. Tantoush defected from Haftar’s forces months ago.

The new militia is said to be plotting to strike three key targets: the oil crescent, airbases that Haftar forces could use, and a military base, according to The New Arab.

In June, Jadhran-led forces attacked oil ports in the Oil Crescent, damaging the Ras Lanuf oil terminal, Libya’s National Oil Corporation (NOC) said at the time.

After a week of fighting, Haftar’s LNA recaptured the four ports in the Oil Crescent in the east, and handed their control to the unrecognized oil company in the east. Related: Oil Holds Gains Despite Downward Pressure

Libya’s oil production came to a halt at the beginning of July, after the Tripoli-based NOC declared force majeure on crude oil loadings at the Hariga and Zuetina oil terminals, adding to the force majeure at the Ras Lanuf and Es Sider terminals.

Two weeks later, Haftar agreed to hand back control of the ports to the internationally recognized NOC, and Libya reopened its eastern oil ports.

The port closure had blocked 850,000 bpd of Libya’s oil (nearly all Libyan production) from being exported from the four ports for more than two weeks. This major disruption resulted in Libyan crude oil production slumping from 962,000 bpd in May to an average 721,000 bpd in June and further down to 664,000 bpd in July, according to OPEC’s secondary sources.

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