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2016-08-09 18:50:00

LIBYA HAS STARTED

LIBYA HAS STARTED

 

LIBYA OIL MAP

 

LIBYA POPULATION OIL MAP

 

LIBYA TRIBES MAP

 

BOE wrote, Libya has started maintenance work at Es Sider port, the nation's largest oil export terminal, as part of plans to increase output from Africa's biggest holder of crude reserves.

Exports should resume in a month once official orders are received to reopen the port, Galal Mohamed, head of operations at Waha Oil Co. , said in a phone interview Sunday from Libya's eastern city of Ras Lanuf. Es Sider, operated by Waha Oil, has been closed since December 2014 when armed groups attacked the port.

"We haven't received official orders to reopen the port and resume exports, but there were intensive meetings with the National Oil Corp. officials last week to discuss this," Mohamed said. Six of the port's 19 storage tanks are damaged from fighting over the last two years, he said.

Libya is seeking to boost crude production after rival leaders agreed last month to unify the state National Oil Corp. under a single management. The bulk of the country's oil infrastructure is either damaged or straddles disputed territory as armed factions fought for control of producing fields. The nation pumped 300,000 barrels a day of oil in July, compared with as much as 1.78 million a day in 2008, three years before a revolt led to the overthrow of the regime of Moammar al Qaddafi, according to data compiled by Bloomberg.

OIL PORTS

Waha Oil will be able to produce 75,000 barrels a day in the first six months after resuming operations, Mohamed said. Waha fields stopped producing in 2014 after the Es Sider oil port was halted. Es Sider has export capacity of 340,000 barrels a day.

Libya's unity government announced July 28 an agreement to pay salaries to Petroleum Facilities Guard members in exchange for reopening the ports of Es Sider, Ras Lanuf and Zueitina. The NOC said the resumption of exports from the ports and the release of budget money to the company would help boost production by more than 900,000 barrels a day by the end of the year.

NOC is working to overcome "difficulties and technical problems in the entire oil fields," it said in a statement on its website Sunday.

-----

Earlier: 

2017: SUPPLY & DEMAND BALANCE 

LIBYAN OIL DOWN 

VITOL & LIBYA DEAL 

ENI FIND LIBYA 

LIBYAN OIL CONFLICT 

LIBYAN OIL: STOP EXPORT 120,000 B/D 

LIBYAN OIL OUTPUT: DOWN 

LIBYA: NEW OIL 562,000 BPD 

LIBYA RESTARTS 

LIBYA: KEY TERMINALS REOPENS 

LIBYAN OIL: 300,000 BPD 

LIBYAN OIL RETURNS 

LIBYA BURNS

 

 

 

Tags: LIBYA, OIL, PRODUCTION,

Chronicle:

LIBYA HAS STARTED
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

LIBYA HAS STARTED
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

LIBYA HAS STARTED
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

LIBYA HAS STARTED
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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