• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour How Far Have We Really Gotten With Alternative Energy
  • 11 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 1 day Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
New Tech Could Make Hydrogen Cars a Commercial Reality

New Tech Could Make Hydrogen Cars a Commercial Reality

South Korean researchers have developed…

The Hunt for White Hydrogen Has Begun

The Hunt for White Hydrogen Has Begun

Mined natural hydrogen (also called…

Libyan Oilfield Is Offline Again

For the second time in two weeks, Libya’s El Feel oilfield has been shut down, due to an unlawful closure of a valve on an oil export pipeline, Libya’s National Oil Corporation (NOC) said on Thursday.

The 73,000-barrels-per-day El Feel field was shut down in the middle of last week due to airstrikes, after the eastern-based Libyan National Army (LNA), led by Khalifa Haftar, retaliated after forces loyal to the UN-backed Libyan government in Tripoli allegedly took control of the oilfield in the southwest.  

“Production will remain shuttered until military activity ceases and all military personnel withdraw from NOC’s area of operations,” NOC chairman Mustafa Sanalla said last week after the airstrikes on El Feel.

A day later, military activity at the field stopped and production resumed, NOC said, with Sanalla noting that Libyan oilfields are vital sources of revenues for the country and that the fields “must not be treated as military targets.”  

Referring to today’s interruption of production, Sanalla said that “This is another criminal attempt to disturb the work of NOC and it harms the Libyan economy. We call on the local leaders and authorities in the area to identify the offenders.”

Speaking to reporters at the OPEC meeting in Vienna on Thursday, Sanalla told Reuters: “Unfortunately we lost 73,000 barrel per day today.”

Libya’s oil production was volatile in the spring and summer after Haftar—whose forces control most of Libya’s oilfields—ordered in early April his Libyan National Army to march on the capital Tripoli.

Two outages at the biggest oil field, Sharara, in one month forced Libya’s oil production down to below 1 million bpd in the first week of August—the lowest level in five months.

ADVERTISEMENT

Libya’s production stabilized and even increased in September and October—to 1.16 million bpd and 1.167 million bpd, respectively, according to OPEC’s figures. Yet, Libya is exempted from the OPEC+ production cuts due to its fragile security situation.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | 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