▲ Up
19:01 21-10-2016
MAIN АКИpress CA-News
About us On-line subscription
Libya could stop exporting crude oil in days

Bishkek (AKIpress) - oil-1Libya's crude exports could fall to zero in days as the state oil company could be forced to divert the only remaining exports to the Zawiya refinery, which provides crucial gasoline to the country's capital.

Crude from two offshore fields may be used to supply the 120,000 barrel per day refinery unless oil production from Brega in the east improves within two days, a spokesman for National Oil Corp (NOC) said on Wednesday.

The move to use offshore oil, if confirmed, would hit one of the last oil export sources for a government struggling with a wave of protests at oilfields and ports that began last summer.

It would be the first time that Libya has stopped exporting oil since the 2011 civil war.

The Al Jurf and Bouri offshore fields, producing around 80,000 bpd, have been unaffected so far by 10 months of nationwide oil protests.

As for the rest of the country, protesters are still blocking either the export terminals or the oilfields themselves in order to prevent any other exports.

The small Wafa field is still producing some condensate, a very light oil, though it was unclear if the output would be exported, regional traders said.

A group of federalists, led by civil war veteran Ibrahim al-Jathran, allowed two of the four eastern ports they were blocking since end-July 2013 to reopen after an initial government deal in April, Reuters said.

But oil guards blocked one of them again last week. They have prevented two tankers from loading at Hariga over unpaid salaries, though oil officials said these have now been transferred.

The other reopened port of Zueitina ran out of crude in May after storage was emptied by eager buyers while production at the connecting oilfields has not yet resumed.

The 120,000 barrel per day Zawiya refinery depends on oil from the major western El Sharara oilfield, which has been shut down since March.

Crude coming from the eastern Brega port was being used as an alternative feedstock but production has been fluctuating below its 80,000 bpd capacity and was only just over 10,000 bpd last week.

This has forced NOC to draw up a new back-up plan as gasoline pumps in the capital Tripoli rely heavily on Zawiya's output.

On a brighter note, negotiations with the eastern protesters could improve after Tripoli appointed a new head of the Petroleum Facilities Guard, fulfilling part of a deal with Jathran's rebel group.

Outgoing premier Abdullah al-Thinni signed a decree appointing Colonel Ali Al-Ahrashi as head of the Petroleum Facilities Guards, officials said. A rebel official welcomed the appointment.

14:51 05.06.2014
17:57 Tashkent to host 10th International Industrial Fair and Cooperation Exchange17:52 S&P raises Kazkommertsbank long-term rating to 'B-' on improved prospects17:42 Future of parliamentary majority coalition depends upon settlement of important issues – leader17:23 UNODC launches program on fighting illicit drug trafficking through Uzbek railways17:04 Discrepancies in parliamentary majority coalition start long before initiative to make changes in Constitution – coalition leader17:01 Ulaanbaatar to host meeting of hydro scientists from 14 countries16:57 Tesla equips cars to drive completely on their own16:50 Financial police of Kyrgyzstan detect iPhone 5S and iPhone 6 smuggling16:42 Uzbekistan supplying vehicles to Middle East and Africa16:40 Indian film industry expected to grow, reaching $3.7 bln by 202016:28 Privatization of state property brings KGS 7.5 bn to budget in 5 years16:27 Training course for Kyrgyz law enforcers on countering drug crimes concludes in Osh16:21 South Korea reportedly tightens visa rules for Mongolians16:13 Low voter turnout leaves Ulaanbaatar City Council seats open after Wednesday's election16:13 OSCE to help create Internet portal of civil society organizations in Uzbekistan16:11 Kazakh central bank marks growth in 9 months16:00 Chief of General Staff reprimanded over theft and sale of weapons by State Defense Committee Chaiman's driver15:53 Kazkommertsbank announces new brand name Qazkom15:50 Iran reportedly takes more U.S. hostages, wanting more ransom money15:38 Prime Minister reprimands Director of State Agency for Fuel and Energy Complex Regulation
-1° C
+12° C
+8° C
+14° C
+13° C
+4° C
exchange rates

© AKIpress News Agency - 2001-2016. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75