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2018-07-16 10:30:00

LIBYA'S OIL DOWN 160 TBD

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya's giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

The attack happened at a control station on the outskirts of Sharara, about 40 km (25 miles) from the main part of the field, engineers at the field said. One of the abducted workers was Romanian, they said.

NOC said it expected output to drop by 160,000 barrels per day (bpd), although one engineer said output at the field, which had been producing 200,000-300,000 bpd recently, had already dropped to below 100,000 bpd.

Tripoli-based NOC operates Sharara in partnership with Repsol, Total, OMV and Equinor, formerly known as Statoil.

The field, in Libya's remote southwest, has suffered security problems in the past, including raids in which vehicles and mobile phones have been stolen.

The facility that was targeted on Saturday is called Station 186 and was also attacked last year.

The NOC said unknown armed assailants entered the station at 6.30 a.m. (4.30 GMT) on Saturday.

"Four of the station staff were initially kidnapped but two of them have been since released," it said. "Oil wells in the surrounding area have been shut down as a precaution, and all other workers evacuated."

An engineer at the field said one of the abducted workers was Romanian.

In addition to being one of Libya's main export grades, Sharara feeds the 120,000 bpd Zawiya oil refinery on the country's northwest coast.

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Earlier: 

 LIBYA'S OIL PRODUCTION DOWN TO 527 TBD
2018, July, 9, 15:15:00

LIBYA'S OIL PRODUCTION DOWN TO 527 TBD

REUTERS - Libya’s national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.

 LIBYA'S OIL DOWN
2018, July, 2, 12:10:00

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REUTERS - Libya’s oil production has been reduced to 315,000 barrels per day (bpd) as storage tanks at Hariga and Zueitina ports fill up due to eastern officials blocking exports, two Libyan oil sources said

 LIBYA RETAKES OIL
2018, June, 25, 12:10:00

LIBYA RETAKES OIL

PLATTS - The Libyan National Army has retaken the key eastern oil terminals of Ras Lanuf and Es Sider that shut 450,000 b/d of crude production, the head of the state-owned National Oil Corp. said Friday.

 LIBYA'S OIL PRODUCTION DOWN 400 TBD
2018, June, 20, 12:40:00

LIBYA'S OIL PRODUCTION DOWN 400 TBD

PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the countrys National Oil Corp. said Tuesday.

 LIBYAN OIL PRODUCTION 1 MBD
2017, October, 23, 11:15:00

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Libya’s oil production increased steeply to the current level of 850,000 b/d from a low point in August 2016 of below 300,000 b/d. Production surpassed 1 million b/d in July.

 LIBYA'S OIL UP TO  1.069 MBD
2017, July, 28, 09:55:00

LIBYA'S OIL UP TO 1.069 MBD

Libya's oil production is 1.069 million b/d, and the country hopes to grow its output to as much as 1.25 million b/d this year, a source close to production said Monday.

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2017, January, 26, 18:45:00

LIBYA NEEDS $100 BLN

Libya froze all new foreign investment in 2011 after the civil war that toppled strongman Moammar Gadhafi. International oil companies such as Total SA of France and ConocoPhillips have long had operations in Libya, and Eni SpA of Italy has found ways to keep pumping even as clashes among warring militias and Islamic State damaged the country’s oil infrastructure.

Tags: LIBYA, OIL, PRODUCTION

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LIBYA'S OIL DOWN 160 TBD
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LIBYA'S OIL DOWN 160 TBD
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LIBYA'S OIL DOWN 160 TBD
2019, January, 16, 11:40:00

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LIBYA'S OIL DOWN 160 TBD
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