• 3 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 8 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 12 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 18 hours Conflicting News Spurs Doubt On Aramco IPO
  • 19 hours Exxon Starts Production At New Refinery In Texas
  • 21 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 8 days Syria’s Kurds Aim To Control Oil-Rich Areas
Are Oil Stocks Close To A Breakout?

Are Oil Stocks Close To A Breakout?

As oil markets continue to…

LNA Suffers 21 Casualties In Retaking Of Oil Terminals

Libya Oil

The Libyan National Army lost 21 of its soldiers in the course of retaking the Es Sider and Ras Lanuf oil terminals from the Benghazi Defense Brigades, who took over them last week after several days of fighting.

According to a spokesman for the LNA, Ahmed al-Mismari, what BDB fighters remained after the latest battle had fled to the nearby cities of Jufra and Misrata, and the LNA was preparing for an offense on Jufra to oust the group, which is classed as a radical Islamist faction. No numbers were provided for the losses of the DBD.

The LNA announced the recapturing of the two ports yesterday, adding it was in pursuit of the fleeing DBD fighters.

Libya has lost 35,000 barrels per day since the latest clashes broke out in the beginning of March, putting production down to about 660,000 bpd. Before the fighting, Libya was producing around 700,000 barrels of oil daily, with plans to raise this to 1.1 million barrels by the end of the year.

Libyan media quoted ambassadors from Western Europe and the U.S. as expressing their concern with the state of affairs in Libya’s Oil Crescent, and calling for an end to the fighting to protect the country’s only abundant natural resource.

Related: Saudi Arabia’s War On Shale Never Ended

Earlier this month, when the fights between the LNA and the BDB broke out, the same ambassadors – of France, the UK, and the U.S. – said that the oil facilities should remain exclusively in the hands of the National Oil Corporation. This suggests these countries are indirectly supporting the LNA, at least in some of its endeavors, such as the wresting of control over the oil terminals from the Petroleum Facilities Guard and transferring that control to NOC last September.

The PFG was affiliated with the UN-backed government, while the LNA is loyal to the Tobruk-based House of Representatives, the Libyan parliament, which does not recognize the Government of National Accord – the lineup recognized by the international community.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com: 



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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