Libya resumes production at major oilfield after two-week halt
Libya’s state-owned energy firm said Sunday production had resumed at Al-Sharara oilfield, which provides a quarter of the country’s daily oil output, two weeks after protests led to a shutdown. The National Oil Corporation (NOC) announced the “lifting of force majeure” and the resumption of “full production” at Al-Sharara, which normally produces up to 315,000 barrels per day. The NOC on January 7 declared “force majeure” at the southwestern oilfield “due to the closure of the site by protesters”. According to the protest group, they have received “guarantees” from military strongman Khalifa Haftar, who backs one of Libya’s two rival administrations. Declaring “force majeure” allows parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible.
Source:Libya Today
January 22, 2024 16:00 UTC
Saraya Oya Showcases Sustainable Solutions for Libya's Energy Sector
The company’s CEO, Mohammed Gabaj, engaged in a discussion with Energy Capital & Power, shedding light on pivotal topics such as technology advancement, decarbonization initiatives, and investment opportunities within the Libyan energy sector. Considering Libya’s oil and gas sector challenges and market dynamics, how does Saraya Oil drive technological change in the country? Saraya aims to solve age-old issues in Libya’s oil and gas sector by introducing modern, globally developed solutions. Are there any ongoing projects or collaborations between Saraya Oil and the National Oil Corporation? The summit provides an opportunity for Saraya Oil to showcase solutions to challenges in Libya’s oil and gas sector.
Source:Libya Today
January 22, 2024 14:34 UTC
Libya resumes production at major oilfield after two-week halt, ET Auto
Oil & Lubes2 min readLibya resumes production at major oilfield after two-week haltThe National Oil Corporation (NOC) announced the "lifting of force majeure" and the resumption of "full production" at Al-Sharara, which normally produces up to 315,000 barrels per day.
Source:Libya Today
January 22, 2024 14:28 UTC
Spanish company sold defence equipment to Libya
Credit: PoliciaNacional/XRecently, the National Police made a significant breakthrough involving the illegal export of an anti-drone system to Libya. On the morning of Thursday, January 18 five individuals were apprehended in Madrid and Valencia. They are implicated in the illegal export of an anti-drone system worth over €2 million, intended for Tripoli Airport in Libya. Seizures and legal proceedingsDuring simultaneous raids in Valencia and Madrid, the police seized substantial digital and technological evidence. The seized items and the ongoing legal proceedings mark a significant stride in the battle against illegal arms trade and international smuggling.
Source:Libya Today
January 22, 2024 14:23 UTC
444 Brigade says it made “unprecedented” blow to fuel and migrant smugglers
The 444 Brigade, an armed group affiliated with the Government of National Unity’s defense ministry, has announced an “unprecedented strike” on fuel smugglers and human traffickers in the desert. In a message via Facebook, the Turkish-trained armed group announced the seizure of “convoys of tank trucks in the desert carrying smuggled fuel out of the country” and “cars full of irregular migrants coming from abroad to cross the sea ”. The Libyan brigade commanded by Mahmoud Hamza, a militiaman and follower of Salafist Islam, denounced the presence of “organised international gangs from Ethiopia, Eritrea and other countries in the desert area near Fezzan, in southern Libya”. The group published images of at least seven seized tank trucks and twelve Toyota off-road vehicles on Facebook.
Source:Libya Today
January 22, 2024 14:21 UTC
Oil rises about 2% after suspected Ukraine drone attack on Russia fuel terminal
Tanks belonging to Transneft, a Russian state-owned company that operates the country's oil pipelines, at the Ust-Luga oil terminal. Oil prices rose Monday after Ukraine reportedly attacked a major Russia fuel terminal over the weekend, raising renewed concerns about supply disruptions. The Ust-Luga facility on the Baltic Sea exports 1.35 million barrels per day of crude oil, fuel and refined products, according to data from Kpler. "The Ukrainian drone attack on the Baltic port raises the question: Is this going to be a policy decision by Ukrainians to attack Russian oil infrastructure? OPEC, on the other hand, has presented a stronger outlook with oil demand forecast to grow by 2.2 million barrels per day, while production outside OPEC will grow by 1.3 million barrels per day.
Source:Libya Today
January 22, 2024 13:51 UTC
Eastern Libyan government signs contracts for 11 new bridges with Egyptian companies
The eastern based Libyan government announced yesterday that it had signed what it called ‘‘major contracts’’ with Egyptian companies for the construction of 11 new bridges in Derna, Benghazi, and Ajdabiya. The eastern based government reported that the signing ceremony included agreements with Ibrahim Al-Arjani, CEO of Neom Egyptian Company, and Hani Dahi, CEO of Wadi Al-Nile Company. The projects encompass the construction of six new bridges in Derna, namely the Sea Bridge, Wadi Al-Naqa Bridge, Mosque Al-Sahaba Bridge, Wadi 1 Bridge, Wadi 2 Bridge, and Wadi 3 Bridge. In Ajdabiya, two bridges will be constructed, including the Central City Bridge and the Intersection Bridge between the Ring Road and Tobruk Road. In Benghazi, three new bridges are planned: the Intersection Bridge at Al-Jarat Island, the Al-Salam Island Bridge at the eastern entrance of the city, and the Intersection Bridge at Al-Hawari Road with the Cement Factory.
Source:Libya Today
January 22, 2024 13:19 UTC
Follow-up meeting for the launch of e-visas for foreigners
A meeting was held yesterday in the Cabinet Office of the Tripoli based Libyan government to follow up on the executive procedures for launching the system for granting electronic visas of all types to foreigners. These include tourist and work visas for foreigners. The meeting follows on from the meeting of 1 November 2023 announcing the launch of e-visas and reciprocal exemptions to certain cohorts for certain countries. It was agreed on the necessity of activating electronic work visas and giving them priority for launch, in coordination with the Ministry of Labour, in accordance with controls that contribute to regulating expatriate workers. Tripoli Libyan government to start issuing electronic Libyan visas to reciprocating countries, visa exemptions for cohorts from Egypt and Turkey (libyaherald.com)
Source:Libya Today
January 22, 2024 12:33 UTC
Libya’s Largest Oil Field to Resume Production After Outage
Production at Libya’s largest oil field is about to restart after a three-week outage, the country’s National Oil Corporation said in a statement. The National Oil Corporation declared force majeure on El Sharara several days later. "The loss of confidence in the continuity of supplying the global market with Libyan oil will result in Libyan oil remaining unmarketed," the Libyan oil ministry said in a statement at the time. El Sharara was producing around 270,000 bpd before the latest outage, which made it the biggest contributor to Libya’s total crude oil output. These demands include addressing corruption and removing the head of the National Oil Corporation, Farahat Bengdara, Reuters reported earlier this month.
Source:Libya Today
January 22, 2024 11:59 UTC
Production at Libya's Sharara oilfield resumes after protest -NOC
Changes sourcing in first para and headline, adds comments, backgroundBENGHAZI, Libya, Jan 21 (Reuters) - Production at Libya's Sharara oilfield restarted on Sunday, state oil company NOC said, after protesters ended a sit-in that had halted output since early January. Sharara field is one of Libya's largest, with a capacity of 300,000 barrels per day, but has been a frequent target for local and broader political protests. It is run by NOC via the Acacus company, with Spain's Repsol REP.MC France's Total TTEF.PA, Austria's OMV OMVV.VI and Norway's Equinor EQNR.OL. The South refinery contract was signed in March.2023 between NOC's subsidiary Zallaf and U.S.-based Honeywell for engineering work. The South refinery will produce cooking gas, jet fuel and other products, including 1.4 million litres a day of petrol and 1.1 million litres a day of diesel, NOC said previously.
Source:Libya Today
January 22, 2024 07:58 UTC
Oil Treads Water as Libyan Field Restart Counters Red Sea Risks
(Bloomberg) -- Oil steadied, as the restart of production at OPEC member Libya’s largest field countered concerns about tensions in the Red Sea that look set to keep disrupting shipping. Libya’s National Oil Corp. said that flows from Sharara — which previously pumped about 270,000 barrels a day — would resume after a three-week stoppage. The incident puts a spotlight back on Russian flows as Moscow’s war in Ukraine approaches the two-year mark. Last week, the International Energy Agency highlighted gains in production outside the Organization of Petroleum Exporting Countries, with demand growth seen slowing. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
Source:Libya Today
January 22, 2024 06:32 UTC
Libyan Government to construct 11 new bridges in Benghazi, Derna, Ajdabiya
The Libyan Government appointed by the House of Representatives, led by Osama Hamad, has signed contracts to construct 11 new bridges in Benghazi, Derna, and Ajdabiya. Six of the bridges will be in Derna, three in Benghazi, and two in Ajdabiya. Contracts were signed by the Reconstruction Committee and the Derna Reconstruction Fund with the the Wadi Nile Company, which recently implemented the Benghazi bridges, and the Egyptian NEOM Company.
Source:Libya Today
January 22, 2024 04:50 UTC
Oil edges lower as Libya restarts production from largest field
Oil edged lower as OPEC member Libya restarted production from its largest field, bolstering global supplies and outweighing concerns about tensions in the Red Sea that look set to continue disrupting shipping. Libya’s National Oil Corp. said flows from Sharara — which previously pumped about 270,000 barrels a day — will resume after a three-week stoppage. Elsewhere in the Middle East, traders are expecting prolonged disruption to shipping in the Red Sea and Suez Canal as the US attempts to prevent Iran-backed Houthi rebels in Yemen from attacking vessels. Crude has struggled for direction this year — rising and falling on alternate weeks — as the impact of the crisis in the Middle East is balanced by expectations that oil markets will remain amply-supplied. Last week, International Energy Agency highlighted increases in production outside the Organization of Petroleum Exporting Countries, while demand growth slows.
Source:Libya Today
January 22, 2024 03:42 UTC
Oil Declines as Libya’s Top Field Restart Eclipses Red Sea Risks
(Bloomberg) -- Oil fell as OPEC member Libya restarted output at its largest field, bolstering global supplies and overshadowing for now concerns about tensions in the Red Sea that look set to continue disrupting shipping. Libya’s National Oil Corp. said that flows from Sharara — which previously pumped about 270,000 barrels a day — would resume after a three-week stoppage. Elsewhere in the Middle East, traders are expecting prolonged disruption to shipping in the Red Sea and Suez Canal as the US attempts to prevent Iran-backed Houthi rebels in Yemen from attacking vessels. Oil markets have factored in the impact of the Red Sea disruptions and the Israel-Hamas conflict, according to Vandana Hari, founder of Singapore-based analysis firm Vanda Insights. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
Source:Libya Today
January 22, 2024 00:31 UTC
Libya’s Al Sharara field resumes production after two-week hiatus
Libya’s National Oil Corp (NOC) said on Sunday that a key oil field providing crude volumes to Mediterranean tankers is back at work after a two-week shutdown. The force majeure declared on 7 January for the Al Sharara field has now been lifted and the facility is resuming “full production”, NOC said in a statement on its website. Sharara, which supplies crude oil to the Zawiya port near Tripoli, shut down due to protests by local citizens pushing authorities to improve public services.
Source:Libya Today
January 21, 2024 23:57 UTC