• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 41 mins Shale Oil will it self destruct?
  • 14 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 4 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Childish Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 10 hours Iran Captures British Tanker sailing through Straits of Hormuz
  • 23 hours Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 11 hours Renewables provided only about 4% of total global energy needs in 2018
  • 1 day Today in Energy
  • 5 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 2 days Populist, But Good: Elizabeth Warren Takes Aim at Private-Equity Funds
  • 2 days LA Solar Power/Storage Contract
  • 2 days Why Natural Gas is Natural
  • 2 days Mnuchin Says No Change To U.S. Dollar Policy ‘As of Now’
  • 14 hours U.S. Administration Moves To End Asylum Protections For Central Americans

Libya Close To 700,000 Bpd In Daily Oil Output

Oil tanker anchored

Libya’s National Oil Corporation has announced the country’s crude oil output has hit 685,000 barrels per day as of the start of January. The increase was made possible by the resumption of pipeline operation from two major fields in the western part of the country, Sharara and Elephant.

News of the reopening of the pipeline carrying oil from Sharara and Elephant (also called El Feel) came in December, when the Petroleum Facilities Guard (PFG) said it had ended a two-year blockade of the facility but there were doubts as to how quickly full-scale production from the fields will resume, especially given the continuing political turmoil in Libya.

Now, NOC has said that production at Sharara will return to its daily capacity of 330,000 barrels gradually but did not specify any similar details about Elephant, which can produce 90,000 bpd. Still, NOC added that it hoped output can be raised to 900,000 barrels per day in the next few months.

Libya has managed to more than double its crude oil output from 300,000 bpd in September, thanks to the reopening of the oil ports in the Oil Crescent, which were held as bargaining chips by the PFG. Control of the ports was wrestled from the PFG by the Libyan National Army (LNA), an eastern-government ally, and handed to the NOC.

By the end of 2017, NOC has plans to bring daily production to 1.1 million barrels.

Meanwhile, however, the tension between various factions, chief among them the Petroleum Facilities Guard and the Libyan National Army remains. In a separate news report, NOC’s chairman Mustafa Sanallah was quoted as saying that the PFG was involved in fuel smuggling from Libya to Tunisia.

According to local media, this activity has bloomed recently, in spite of the work of agencies such as the Anti-Smuggling Commission and NOC. A new armed group calling itself the Anti-Fuel-Smuggling Brigade has also appeared on the scene, stating it will fight fuel smuggling by attacking the tanker trucks carrying oil products to Tunisia.

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
Download on the App Store Get it on Google Play