Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

South Libya oilfield resumes limited output  Join our daily free Newsletter

MENAFN - AFP - 05/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - AFP) Limited production has resumed in Libya's al-Sharara oilfield, blockaded since October 28 by residents of the southern region of Ubari, a National Oil Company official told AFP on Sunday.

The southern oilfield is now producing some 60,000 barrels per day compared with its pre-October output of some 330,000 bpd, the official said.

"Production at the Al-Sharara well has restarted progressively since Saturday with production of 60,000 bpd pending the resumption of its normal capacity in two or three days," said NOC spokesman Mohamed al-Harairi.

The government on Thursday convinced Ubari residents to end their blockade, in which they had been protesting against their "marginalisation" and demanding oil revenues be distributed more evenly.

Al-Sharara is run by Akakus, a joint venture between Libya's NOC, Spanish company Repsol, France's Total and Austria's OMV.

The operation of two other oilfields in eastern Libya, Msala and Sarir, resumed late last month after being suspended for several months followg the shutdown of the Al-Harriga terminal.

Oil installation guards calling for autonomy for the eastern region of Cyrenaica sparked the crisis when they shut down key sites in the east.

The crisis is ongoing, and on Thursday the guards reiterated their conditions for lifting the blockade, including a bigger share of oil revenues for Cyrenaica.

An attempt to mediate launched by lawmakers and civil society groups has failed to reach any concrete results.

On Saturday, state-owned NOC decided to keep in place the force majeure it declared in August at its main oil terminals.

"Force majeure will be kept in place in the oil ports or Ras Lanouf, Al-Sedra and Zueitina," a statement said, warning clients against sending ships to load or unload cargos.

The crisis has seen output plunge to about 250,000 bpd from nearly 1.5 million bpd before.

Oil Minister Abdelbari al-Arusi said in early December that lost production because of the blockades had cost Libya around 9.0 billion (6.6 billion euros) in revenues.



  MENA News Headlines
 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Kuwait Spain discuss scientific cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait Institute for Scientific Research (KISR) and Spanish Nuclear Safety Council (CSN) discussed means of scientific cooperation and ...

 Nov 26 2015 - Kuwait- KNPC upgrades operations at Al Ahmadi refineryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait National Petroleum Corporation (KNPC) announced on Thursday upgrading its Fluid Catalytic Cracking Unit at Al-Ahmadi Refinery so as ...

 Nov 26 2015 - Deputy FM: Kuwait interested in tightening airport security in coordination with BritainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Deputy Foreign Minister Khaled Al-Jarallah said on Thursday Kuwaiti security authorities are keen to work with the British side for ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...

 Nov 26 2015 - UAE- YFEL Led Solar Energy Project with Masdar Collaboration Comes Online to Help Power Rashid Abdullah Omran HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM)--Masdar has completed a 543 KWp photovoltaic (PV) solar power project that is to deliver renewable energy to the Rashid ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help