• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 2 mins China has invested btw $30 - $40 Billon in Canadian Oil Sands. Trump should put 10% tariffs on all Chinese oil exported into or thru U.S. in which Chinese companies have invested .
  • 4 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 4 hours US to Drown the World in Oil
  • 12 hours A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 6 hours Iran Is Winning Big In The Middle East
  • 25 mins The Rarely Revealed Part of the Nuclear Problem
  • 9 hours Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 10 hours Used Thin Film Solar Panels at 15 Cents per Watt
  • 4 hours Tit For Tat: China Strikes Back In Trade Dispute With U.S. With New Tariffs
  • 4 hours With Global Warming Greenland is Prime Real Estate
  • 14 hours IS ANOTHER MIDDLE EAST WAR REQUIRED TO BOLSTER THE OIL PRICE
  • 1 hour Trump cancels Denmark visit amid spat over sale of Greenland
  • 11 hours LA Solar Power/Storage Contract
  • 9 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
Alt Text

Coal’s Last Hope: Carbon Capture Tech

The Trump administration is actively…

Alt Text

Washington Threatens Greece In Tanker Seizure Saga

Washington has asked Greece not…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

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


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play