Saturday, November 23, 2024

Waha Oil Co News

Libyan Oil Ports Es Sider, Brega Closed, Production Unaffected -NOC

The eastern Libyan oil ports of Es Sider and Brega have been closed due to bad weather but crude production has not been affected, an official from state oil firm NOC said.Storage capacity is sufficient for a few days and the remaining ports were open, the official said.Tankers were waiting to dock at Es Sider and Brega, port sources said.A shipper's note and a port engineer said the other eastern Libyan ports were also closed.A similar closure this month led…

Output at Libya's Waha Oil Co Normal After Fire

Production at Libya's Waha Oil Co returned to normal levels of around 270,000-280,000 barrels per day (bpd) on Wednesday after damage from a fire was repaired, an engineer from the company said.The fire, the result of a suspected act of sabotage on Saturday, had stopped flows from Waha's fields to the export terminal of Es Sider.Reporting by Ayman al-Warfalli Writing by Aidan Lewis

Tankers Load After Libyan Oil Pipeline Fix

© Vlada Z/Adobe Stock

Repairs have been finished on a Libyan oil pipeline damaged in a suspected attack five days ago and production is restarting gradually, engineers said. The blast and resulting fire on Tuesday about 130 km (80 miles) south of the Es Sider terminal caused a drop in output estimated by the National Oil Corporation (NOC) at 70,000-100,000 barrels per day (bpd). An engineer from the company that operates the pipeline, Waha Oil Co, said damaged parts had been replaced and flows would start returning to previous levels.

Libyan Oil Output Rises after Port Fighting Ends

Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two key oil ports. "We are working very hard to reach 800,000 barrels by the end of April 2017, and, God willing, we will reach 1.1 million barrels next August," NOC Chairman Mustafa Sanalla was quoted as saying in a statement. The NOC said in a separate statement it hoped to produce 55…

Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilize

A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area. NOC board member Jadalla Alaokali said force majeure, a legal waiver for contractual obligations, would "likely" be declared if violence continued, though he gave no timeframe. Libya's eastern-based Libyan National Army (LNA) lost control of Es Sider and Ras Lanuf to a rival faction, the Benghazi Defence Brigades (BDB), 10 days ago.

Tanker Docks at Libya's Es Sider Port to Load First Crude Cargo in Two Years

An oil tanker docked at the east Libyan port of Es Sider on Monday to load the first cargo of crude since the terminal reopened following a two-year closure, port officials said. Es Sider, Libya's biggest export terminal, had been shut due to a blockade by a military faction since 2014. It reopened in mid September, but repairs were needed before tankers could load at the port, and its capacity remains far below its pre-conflict level of 350,000 barrels per day (bpd).

Fire at Lybia Oil Terminal Extinguished

Libya has extinguished a fire at oil storage tanks at the country's biggest oil port, Es Sider, that had been raging for a week, officials said on Friday. Es Sider and its adjacent Ras Lanuf terminal have been closed since a group allied to a rival government in Tripoli moved three weeks ago to try and take them, part of a struggle between former rebels who helped topple Muammar Gaddafi in 2011 but are now fighting for power and a share of oil reserves. A week ago, a rocket hit Es Sider's storage area, setting it on fire.

Oil Tanks Destroyed at Libya Port, Others Still Ablaze

Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman for state National Oil Corp (NOC) said on Tuesday. Fires at two other storage tanks at Libya's biggest oil port had been extinguished but the damage was unclear, NOC spokesman Mohamed El Harari said. An industry source said at least 1.2 million barrels of oil had been destroyed by the fire which broke out after clashes reported on Dec.

Libyan Oil Output Shrinks as Oil Tanks Blaze

Libya's oil output has shrunk back further after blazing oil tanks at a major terminal helped world oil prices higher and burnt a bigger hole in its dollar currency reserves. It is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said on Monday, while fighting halted the major ports Es Sider and Ras Lanuf. Total oil output, adding in offshore fields, is around 350,000 bpd -- a fraction of the 1.6 million bpd it produced before the 2011 civil war.

Libya's Oil Output Wanes as Fighting Shuts Ports

Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga, an oil official said on Monday, while fighting halts work at major ports Es Sider and Ras Lanuf. Output from the OPEC member nation remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi. Its two largest ports…

Italy's Help Sought to Extinguish Fire at Oil Port

Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday. A rocket hit an oil storage tank last week at the port in the east of the country during clashes between forces allied to Libya's competing governments. Ali al-Hassi, spokesman for a security force allied to the internationally-recognised government, said the fire had spread to a total of five oil tanks. "We are trying to extinguish it but our capacities are limited," he said.

Protesters in Eastern Libya Close Second Oilfield

Protesters blocking Libya's Abu Attifel oilfield closed another field, blocked a road and seized a company plane, a security official and activist said on Tuesday. The oilfield, a joint venture between Italy's ENI and Libya's state oil company, has been closed for a year by local people who demand jobs, part of a wave of strikes at oil facilities that began in July 2013. Protests at other oil ports and fields have ended, but the shutdown continues at Abu Attifelt in Jalu, in Libya's volatile east, where the field lies.

Libya's Oil Production Rises

Libya's oil production has risen to 665,000 barrels per day (bpd) from 650,000 bpd earlier this week, a spokesman for the state-run National Oil Corp (NOC) said on Thursday. Oil production in Libya is now more than five times the level of two months ago, in a rare success for the economy at a time when armed groups and two parliaments fight for control of the North African country. Libya's Waha Oil Co. has resumed a small volume of Es Sider crude oil production, a senior Libyan oil official said earlier on Thursday.

Libya's Waha Resumes Es Sider Crude Production

Libya's Waha Oil Co. has resumed a small volume of Es Sider crude oil production, a senior Libyan oil official said on Thursday, in the latest sign output in the country is improving despite political unrest. The grade will be exported through the Es Sider port, the country's largest export terminal, which has reopened after being closed for a year due to protests and maintenance. Oil production in Libya has risen to more than 650,000 barrels per day (bpd)…

Second Tanker Waits to Load Oil at Libya's Reopened Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major ports in the east have resumed work under a deal with a group of federalist rebels, adding to a crude market that is already well supplied. A first tanker has been loading oil at Es Sider since Wednesday but a second had already arrived, NOC spokesman Mohamed El Harari said.

More Disruption at Libya's Oil Ports

Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again. On Sunday, Libya's fragile government reached an agreement with Ibrahim al-Jathran, the leader of eastern rebels, to reopen two oil ports they were holding and lift a nine-month blockade crippling crude exports. Under the deal, Hariga and Zueitina ports will reopen immediately…