Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Libya restarts El Sharara oilfield after protest ends  Join our daily free Newsletter

MENAFN - Arab News - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Libya has restarted oil production at the southern El Sharara field with an initial output of 60,000 barrels a day after protesters ended a blockade, the state National Oil Corp (NOC) said.
Tribesmen calling for greater local power had blocked the field since the end of October, one of many disruptions that have crippled Libya's oil sector. Oil production had fallen to 250,000 bpd from 1.4 million bpd in July.


NOC hoped to reach the field's maximum output capacity of around 340,000 bpd within two to three days, spokesman Mohamed Al-Harari said. "Production started last night," he said.


Libya is in turmoil as the government struggles to rein in dozens of militias that helped topple Muammar Qaddafi in 2011 but kept their guns to make political and financial demands.


Last week, the protesters at El Sharara agreed to suspend their action after the defense minister visited them and said the government would look into their demands. They want the establishment of a local council and the granting of national identity cards for tribesmen from the Tuareg minority.


The field, located in the remote and volatile south, supplies crude to the western Zawiya export terminal and feeds the 120,000-bpd Zawiya refinery.


There is no sign of progress in the east of the country despite the government's announcement last month of another attempt by tribal elders to pressure an autonomy group to end a blockade of the Ras Lanuf, Es-Sider and Zuweitina ports, which accounted previously for 600,000 bpd.


The group demands autonomy for the east and a greater share of the oil wealth, Libya's main source of income.

 


Arab News




  MENA News Headlines
 Oct 26 2014 - Afghan president visits Saudi ArabiaArab News
(MENAFN - Arab News) KABUL: Afghanistan's President Ashraf Ghani Ahmadzai on Saturday made his first overseas trip since taking office fulfilling an election promise to undertake a religious ...

 Oct 26 2014 - Tens of thousands protest Renzi's job measures in RomeArab News
(MENAFN - Arab News) ROME: Tens of thousands of Italians took to the streets of Rome Saturday for a demo organized by Italy's largest trade union to protest Prime Minister Matteo Renzi's plans to ...

 Oct 26 2014 - France announces big coalition air raid against IS in IraqArab News
(MENAFN - Arab News) PARIS: The international coalition currently battling the IS group in Iraq dropped around 70 bombs on an arsenal and militant training center in a large-scale overnight raid the ...

 Oct 26 2014 - UN climate chief hails EU dealArab News
(MENAFN - Arab News) BONN: The UN's climate chief hailed a European agreement on greenhouse gases Friday as providing 'valuable momentum' for a world pact to be inked in Paris next year.The goals set ...

 Oct 26 2014 - Russia still has troops in Ukraine NATO saysArab News
(MENAFN - Arab News) MONS Belgium: Russia still has troops in eastern Ukraine and retains a very capable force on the border despite a partial withdrawal NATO's military commander said on ...

 Oct 26 2014 - Canadians seek to understand Parliament shootingArab News
(MENAFN - Arab News) OTTAWA Ontario: Authorities and ordinary Canadians sifted through confounding shards of a gunman's life seeking to understand what motivated the man to storm the nation's seat of ...

 Oct 26 2014 - French Accor expects UAE revenue to grow 10-11 percent in 2014MENAFN
(MENAFN) Accor, the French hotel group, said it is expecting a growth in revenue by 10-11 percent in the United Arab Emirates in 2014 compared to last year, and that they are targeting a growth of ...

 Oct 26 2014 - Iraq's oil exports to rise in OctoberMENAFN
(MENAFN) Iraq's oil exports from its southern terminals are maintaining their high levels, with an average of 2.55 million barrels per day (bpd), while Kurdish shipments are climbing in terms of ...

 Oct 26 2014 - Abu Dhabi int'l Airport traffic up 23.9 percent in SeptemberMENAFN
(MENAFN) Abu Dhabi Airports reported an increase in passenger traffic by 23.9 percent during September compared to the same month last year, with 1.696.651 passengers using the airport during the ...

 Oct 26 2014 - Morocco, Chad sign agreementsMENAFN
(MENAFN) Morocco announced it has signed a set of agreements and memoranda of understanding with Chad regarding several fields, QNA reported.The agreements which were signed by both countries include ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help