libya

WoodMac: What's behind the boost in Libya's oil production?

14 hours ago DieselGasoil Comments Off on WoodMac: What's behind the boost in Libya's oil production?
Effective export capacity will be constrained by damage to the key ports of As Sidrah and Ras Lanuf limiting production to a maximum of 1.25 MMbpd,  National Oil Corporation’s (NOC) previously announced 2017 year-end target. Reaching this would be quite an achievement, given ongoing challenges, including international oil companies’ reluctance to recommit capital and expertise, Read More

The horrific reality of Libya's detention centres

1 week ago DieselGasoil Comments Off on The horrific reality of Libya's detention centres
Sky News has witnessed first-hand the horrific conditions that thousands of African migrants trying to get to Europe are facing in Libyan detention centres – and at the hands of the smuggling gangs. Many of them claim they’ve been beaten, raped and are desperate to return home. Thousands of mainly sub-Saharan Africans are incarcerated in Read More

Life inside Libya's 'horrific' migrant camps

1 week ago DieselGasoil Comments Off on Life inside Libya's 'horrific' migrant camps
Sky News has witnessed first-hand the horrific conditions that thousands of African migrants trying to get to Europe are facing in Libyan detention centres  – and at the hands of the smuggling gangs. Many claim they have been beaten and raped, and are desperate to return home. Thousands of mainly sub-Saharan Africans are incarcerated in Read More

Libya says its oil recovery is struggling, OPEC sympathizes

1 week ago DieselGasoil Comments Off on Libya says its oil recovery is struggling, OPEC sympathizes
By Paul Burkhardt on 10/11/2017 LONDON (Bloomberg) — Libya said it’s struggling to restore oil production and fellow OPEC members are sparing the nation from having to participate in their deal to cut output. The North African nation has revived output to almost 1 MMbopd, but it’s “very difficult’’ to say when that could increase Read More

UPDATE 1-Libya's Sharara oilfield reopens after three-day shutdown – NOC

2 weeks ago DieselGasoil Comments Off on UPDATE 1-Libya's Sharara oilfield reopens after three-day shutdown – NOC
(Upgrades sourcing, adds detail, background) TRIPOLI/LONDON, Oct 4 (Reuters) – Production at Libya’s giant Sharara oilfield was resuming on Wednesday morning, three days after it was closed by an armed brigade, the head of the National Oil Corporation (NOC) said. The field, which had been pumping more than 230,000 barrels per day (bpd), began its Read More

Libya oil output set to recover following halt at Sharara field

3 weeks ago DieselGasoil Comments Off on Libya oil output set to recover following halt at Sharara field
By Salma El Wardany and Saleh Sarrar on 10/3/2017 CAIRO and DUBAI (Bloomberg) — Libya’s oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. The OPEC member’s output is expected to rise to 1 MMbpd from 800,000 within 2-3 days as Sharara Read More

Libya oil output is said to drop to five-month low on field halt

3 weeks ago DieselGasoil Comments Off on Libya oil output is said to drop to five-month low on field halt
By Salma El Wardany and Saleh Sarrar on 10/2/2017 CAIRO and DUBAI (Bloomberg) — Libya’s oil production slumped to a five-month low as the North African supplier’s biggest field stopped pumping crude just weeks after re-opening from an earlier unplanned halt. The OPEC member’s output dropped to 750,000 bpd from 985,000 after an armed group Read More

Libya oil output gains as country faces calls to join OPEC cuts

3 weeks ago DieselGasoil Comments Off on Libya oil output gains as country faces calls to join OPEC cuts
By Salma El Wardany on 9/27/2017 CAIRO (Bloomberg) — Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 bpd even as OPEC and its allied suppliers step up efforts to contain a global glut. Output at the North African nation’s Sharara field has recovered to 230,000 Read More

Iran says OPEC must address rising Libya, Nigeria oil output

4 weeks ago DieselGasoil Comments Off on Iran says OPEC must address rising Libya, Nigeria oil output
By Golnar Motevalli, Kadhim Ajrash and Khalid Al-Ansary on 9/25/2017 TEHRAN, BAGHDAD and ERBIL (Bloomberg) — OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said. Compliance with the output cuts is “acceptable,” Zanganeh Read More

Oil giant drafts Libya vet amid Italian olive grove skirmish

1 month ago DieselGasoil Comments Off on Oil giant drafts Libya vet amid Italian olive grove skirmish
By Chiara Albanese on 9/13/2017 ROME (Bloomberg) — Eni SpA has been adept at producing oil in some of the world’s most hostile environments, from the deserts of North Africa to the Arctic Ocean. It’s proving less sure-footed at keeping the crude flowing in the olive groves of its own backyard in southern Italy. Val Read More