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.


 


AFP




  MENA News Headlines
 Jul 23 2016 - Scottsdale, Arizonas AC by J is Part of Daikin Industries Expansion into N. American AC MarketMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Scottsdale, Arizona, ...

 Jul 23 2016 - Morocco's inflation rate grows to 2.3 percentMENAFN
(MENAFN) Morocco's annaul consumer inflation increased to 2.3 percent in June from 1.9 percent in May, due to higher food prices.On the other hand, annual food inflation jumped to 4.4 percent from ...

 Jul 23 2016 - Saudi's Modon signs 6.000 deals at USD160bnMENAFN
(MENAFN) The Saudi Industrial Property Authority (MODON) signed more than 6,000 industrial, logistic and services deals for investments that surpasses USD160bn.Additionally, factories in the ...

 Jul 23 2016 - Qatar's exports from Brazil touch USD122.15mnMENAFN
(MENAFN) Brazil's exports to Qatar for the first half of this year reached USD122.15mn, accounting for 2.33 percent.Moreover, meat, sugar, cereals, ores, slag and other miscellaneous grain seeds and ...

 Jul 23 2016 - Rakhi.primogiftsindia.com Offering Heart Winning Selections for Online Rakhi &'Rakhi Gifts!MENAFN Press
(MENAFN Press) Rakhi.primogiftsindia.com is a name reckoned widely for its extensive range of trendy and attractive Rakhis and heart winning Rakhi gifts. In fact, it is one of the reliable online ...

 Jul 22 2016 - Global Water-Soluble Fertilizers Market Has Been Forecasted to Reach USD 15.30 Billion by 2020MENAFN Press
(MENAFN Press) The global water-soluble fertilizers market has been forecasted to reach a value of USD 15.30 billion by 2020 at a CAGR of 5.6%. The market is primarily driven by the increasing ...

 Jul 22 2016 - Established Cardiothoracic Surgeon, Khaled Abdelhady, MD, FRCS, FACS, will be Recognized in Latest Edition of The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Chicago, Illinois The International Association of HealthCare Professionals is pleased to welcome Khaled Abdelhady, MD, FRCS, FACS, Cardiothoracic Surgeon, to their prestigious ...

 Jul 22 2016 - Elite Radiologist, Charif Abdul Rahman Sidani, MD, to be Spotlighted in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Miami, Florida The International Association of HealthCare Professionals is pleased to welcome Charif Abdul Rahman Sidani, MD, Radiologist, to their prestigious organization with ...

 Jul 22 2016 - Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022MENAFN Press
(MENAFN Press) Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022 Global Advanced Driver Assistance Systems (ADAS) Market 2015 Analysis and ...

 Jul 22 2016 - Organic Silicon 2016 World Market Opportunities and Forecasts to 2021MENAFN Press
(MENAFN Press) Organic Silicon 2016 World Market Opportunities and Forecasts to 2021 Global and Chinese Organic Silicon Industry, 2016 Market Research Report PUNE, INDIA, July 22, 2016 ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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