• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Is Europe heading for winter of discontent with extensive gas shortages?
  • 10 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 7 days Wind droughts
  • 18 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 17 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 3 days Xi Is Set To Be Re-Elected As China’s Leader
  • 8 days Oil Prices Fall After Fed Raises Rates
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Putin Sees Pushback From Russians Following Nuclear Saber-Rattling

Putin Sees Pushback From Russians Following Nuclear Saber-Rattling

Russian President Vladimir Putin’s nuclear…

A New Design For Faster Hydrogen Storage

A New Design For Faster Hydrogen Storage

University of Technology Sydney (UTS)…

Libya’s Zawiya Terminal Struck By Labor Protests

A labor strike at the Zawiya oil port in Libya delayed operations on Monday, but oil trading sources that spoke to Reuters said negotiations to end the disruptions are ongoing.

The protests centered on salaries, one local source said.

Reuters ship tracking data said the Seagrace tanker had been scheduled to load on Tuesday from the Zawiya port.

The past week has seen blips of instability in the Libyan oil sector. Crude oil production at Sharara, the country’s biggest oil field, was briefly suspended last week after the pipeline that feeds the crude from the field to the Zawiya terminal was blocked. That’s what local sources told Bloomberg, without adding any detail regarding the cause of the pipeline’s closure. Production at Sharara restarted on March 5.

Sharara pumps about 300,000 bpd, which is close to a third of Libya’s total 1.1-million-bpd production. The field has experienced several outages over the past year as various groups target it—or rather the pipeline to Zawiya—as a means to their own ends.

Last August, for example, production at Sharara was suspended several times. First, a militant group attacked a control room at Zawiya terminal. Then, a group of protesters blockaded the pipeline from Sharara to Zawiya, again leading to the suspension of production at the field. Earlier suspensions have had to do with oilfield workers protesting their work conditions and compensation.

Related: The OPEC Deal Could Fall Apart In June

Last month, protests also shut down most production from another field, El Feel. As of the start of this month, Bloomberg reports, El Feel produced just 25,000 bpd, down from 75,000 bpd before oilfield guards began their protest.

Libya boasts the biggest crude oil reserves in Africa, but the civil war that ravaged the country after the removal of Muammar Gaddafi crippled its oil industry. Before the war, Libya produced 1.6 million barrels of crude daily. Currently, with the two field closures, it pumps less than 1 million bpd.

By Zainab Calcuttawala 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