• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 6 hours Evergrande is going Belly Up.
  • 7 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 16 hours U.S. Presidential Elections Status - Electoral Votes
  • 10 hours Poland Expands LNG Powered Trucking and Fueling Stations
  • 1 day And now, hybrid electric locomotives...
  • 17 hours Ozone layer destruction driving global warming
  • 1 day The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 2 days The Painful Death of Coal
  • 15 hours The coming Cyber Attack
  • 16 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 19 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
Putin Eyes Profit Over Influence In Africa

Putin Eyes Profit Over Influence In Africa

While Russia has been playing…

The Battle For Libya’s Oil Is Heating Up

The Battle For Libya’s Oil Is Heating Up

The past two days have…

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

Who Gets Control Of Libya’s Oil As The Guns Go Silent?

The Libyan National Oil Corporation expects to soon regain control over the Es Sider and Ras Lanuf oil terminals, which were the point of clashes between the Libyan National Army and the Benghazi Defense Brigades that ended last week with the LNA taking the ports back from the BDB.

Although there was doubt as to whether the LNA would be willing to pass control over the ports to the NOC again, the company’s chairman told Reuters there is no reason to doubt. Doubts are likely to remain, however, as last week saw developments that may lead to the split of the NOC along government/parliament lines.

The LNA is loyal to the Tobruk-based House of Representatives, the Libyan parliament, which opposes the UN-backed Government of National Accord. The GNA, together with Libya’s central bank, controls the oil export revenues from the four ports in the Oil Crescent.

When the LNA first took control of the ports, wresting it from the Petroleum Facilities Guard, it passed it on to NOC immediately and exports were soon resumed, albeit tentatively, with crude oil production also growing, to 700,000 bpd just before the latest clashes.

Until last summer, NOC was divided into two factions, one affiliated with the government and the other one with the parliament, but its senior officials decided to seek unification so oil revenues could start flowing in again. Related: Can Iran Continue Playing Nicely With OPEC?

Last week, however, the head of NOC’s Benghazi office, who was appointed by the HoR, announced he no longer wanted to take part in the unification deal, signed last July. In addition to this statement, Reuters at the time quoted an LNA official as saying the army has not yet decided on handing control of Es Sider and Ras Lanuf to the NOC.

Signals remain mixed: NOC’s official chairman, Mustafa Sanalla, told Reuters that company officials were already working with the LNA on the handing-over of control. “We have been coordinating our assessment of the facilities with them.”

Es Sider and Ras Lanuf together have a loading capacity of 600,000 bpd.

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




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News