• 4 minutes Why Trump will win the wall fight
  • 9 minutes Climate Change: A Summer of Storms and Smog Is Coming
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 10 hours is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 43 mins Ayn Rand Was Right
  • 13 mins Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 37 mins Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 28 mins Sanctions or Support: Despite Sanctions, Iran's Oil Exports Rise In Early 2019
  • 3 mins Oil imports by countries
  • 2 hours Solar and Wind Will Not "Save" the Climate
  • 9 mins NZ Oil, Gas Ban Could Cost $30 Bln
  • 20 hours Some Good News on Climate Change Maybe
  • 12 hours Regular Gas dropped to $2.21 per gallon today
  • 20 hours Expected Breakdown: Israel-Central Europe Summit Canceled After Polish Pullout
Alt Text

Maduro Says Oil Output Will Rise By 1 Million Bpd

Venezuela’s President Nicolas Maduro has…

Alt Text

The 30 Most Exciting Wildcat Plays Of 2019

As E&Ps are stepping up…

Alt Text

Saudi Aramco Makes Existential Bet On Oil

Saudi Aramco has doubled down…

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