Libya Struggles To Restore Oil Supply Despite End Of Three-Week Blockade - News Summed Up

Libya Struggles To Restore Oil Supply Despite End Of Three-Week Blockade


NOC lifted the force majeure on crude oil exports at the Zawiya and Mellita ports in the west, Argus reported on Tuesday. On December 20, Libya declared force majeure on its oil exports after crude oil production had been shut in from four of Libya’s oilfields, including the largest 300,000-bpd El Sharara field. The oilfields were shut in by members of the Petroleum Facilities Guard (PFG), which is tasked with protecting the oilfields. Libya’s oil production reached 998,000 bpd on Monday, a source at NOC told Argus. However, just as Libya partially recovered its oil production after the completion of the pipeline repairs, bad weather forced the closure of four oil export terminals in the east.


Source: Libya Today January 11, 2022 20:30 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */