• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 15 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 5 hours Ecoside
  • 12 hours Oil at $40
  • 3 hours Japan’s Deflation Mindset Could Be Contagious
  • 18 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 6 hours US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 18 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 2 days Guaido and the Conoco Award
  • 8 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 2 days Welcome To The Club: Apple In Talks With Potential Suppliers Of Sensors For Self-Driving Cars
  • 13 hours Negative Gas Prices in the Permian
  • 13 hours Gas Flaring
  • 22 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
Alt Text

The Undeniable Signs Of A Shale Slowdown

Schlumberger, the world’s largest oilfield…

Alt Text

U.S. Doubles Oil Exports In 2018

The United States nearly doubled…

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

Terror Attack Shuts Down Libyan Oil Pipeline

The pipeline feeding crude from the Waha oil field into Libya’s Es Sider export terminal has been shut down for repairs after a fire broke out during the weekend.

An early report by Reuters cited a source from the pipeline operator Waha Oil Company who said the pipeline had been attacked by “a terrorist group.” Later, parent company NOC tweeted that preliminary investigation of the fire confirmed that the cause of the fire was a deliberate attack on the pipeline.

Repairs should last a few days, NOC also said, with the loss of production during the period estimated at 80,000 bpd. Waha Oil operates the same-name field in partnership with ConocoPhillips, Total, and Hess. The field last month produced an average 300,000 bpd, the same as Libya’s largest field, Sharara—itself the target of several deliberate outages.

This is the second attack on the pipeline over the last five months. Last time, repairs led to the same loss of production.

Libya’s production and oil transport infrastructure in general is often the target of attacks by various militant groups seeking to gain an edge over rivals in the chaos that is Libyan politics right now. Because of this, the country is considered an important swing factor for oil prices.

Related: A Natural Gas Giant Like No Other

Recently, there has been another factor contributing to the North African country’s significance for oil markets: General Khalifa Haftar, the leader of the LNA, which two years ago wrested control over Libya’s four oil export terminals from the Petroleum Facilities Guard.

There were reports recently that Haftar has serious health problems, with some media even claiming that he was dead. Some industry observers believe that Haftar’s death could send oil to US$100 a barrel as any semblance of order in Libya breaks down into chaos once again, undoubtedly leading to more production outages and pipeline blockades.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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