Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-12-03 19:25:00

VITOL & LIBYA DEAL

VITOL & LIBYA DEAL

Vitol, the world's biggest independent oil trader, is closing in on a deal with the national oil company of Libya to supply the war-torn north African country with billions of dollars of fuel.

The contract, which is expected to be signed in the next couple of days, comes as Libya's National Oil Corporation attempts to defend its neutrality in an ongoing struggle between the internationally recognised government in the east and an Islamist-backed group that controls the capital Tripoli in the west.

Last week, Glencore, the Swiss-based trader and miner, faced threats from the eastern government over an agreement with the NOC to market crude shipped from the country's biggest functioning oil terminal.

Libya, an Opec member, is producing a fraction of the 1.6m barrels a day it pumped before the downfall of Muammer Gaddafi four years ago. Its oil industry and infrastructure has been shattered by years of conflict that has divided the country.

Libya's refineries are barely functioning, leaving the country reliant on imports of fuels such as gasoline, diesel and heavy oils, which are crucial for its power and desalination plants.

Vitol has been a large supplier to Libya since 2011 when it helped rebel groups in the eastern city of Benghazi secure stocks of refined oil it needed in its fight with Mr Gaddafi.

The fresh agreement with the NOC, which builds on an existing contract in place since the start of the year, will see Vitol deliver fuel to all of Libya, including the heavy oil required to support local infrastructure.

"The UN Security Council recently said it was important for NOC to continue to function for the benefit of all Libyans," said Ian Taylor, Vitol's chief executive, in a statement.

"The key word there is 'continue'. NOC, based at its legal address in Tripoli, has served Libya well by staying independent. We are confident it will continue to do so."

Last week, the head of Glencore's oil business made similar comments after the internationally recognised government in the east said it would stop any tanker operating on behalf of the Swiss company from loading crude at its ports.

The eastern government has tried to set up a rival NOC to handle the country's crude exports and fuel imports after it was forced to flee Tripoli after it was routed by Islamist groups.

The NOC, one of the few national institutions still functioning, has repeatedly asserted its independence from the warring factions. Alongside the central bank, it controls the flow of oil revenues, the country's major source of funding.

As well as the rival governments in the east and west, Western officials are increasingly concerned about the presence of Islamic State. The militant group has established a foothold in central Libya where it controls the coastal city of Sirte.

"Libya is at a critical juncture," said NOC chairman Mustafa Sanalla. "A peace can be built around state institutions like NOC, but will be harder to achieve if they fragment. They must be kept intact."

ft.com

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More: 

VITOL SEES $60 

ENI FIND LIBYA 

LIBYAN OIL CONFLICT 

LIBYAN OIL: STOP EXPORT 120,000 B/D 

LIBYAN OIL OUTPUT: DOWN

 

 

Tags: VITOL, LIBYA, OIL
VITOL & LIBYA DEAL September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

VITOL & LIBYA DEAL September, 20, 09:00:00

GAS PRICES UP TO $3.146

VITOL & LIBYA DEAL September, 20, 08:55:00

ЦЕНА URALS: $51,81591

VITOL & LIBYA DEAL September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

VITOL & LIBYA DEAL September, 20, 08:45:00

RENEWABLE'S FUTURE

VITOL & LIBYA DEAL September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

VITOL & LIBYA DEAL
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

VITOL & LIBYA DEAL
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

VITOL & LIBYA DEAL
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

VITOL & LIBYA DEAL
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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