Libya | Egypt Oil & Gas - Part 18
OPEC Production Falls in August
OPEC production fell in August as Saudi Arabia cut back its production, Bloomberg reports. This decrease marks the first decline in production for the oil cartel since March, according to CNBC. Excluding Nigeria and L...
Militants Close Pipeline in W Libya, Costing NOC $217M
Militants closed the Mellita complex pipeline for 30 hours last week, the Libya Observer reports. The temporary closure slowed production from the Wafa field and prevented the transit of 310 million cubic feet (mcf) ...
Production at Libyan Oil Fields Resumes
After a prolonged disruption, production at the Libyan oil fields of Sharara, El Feel, and Hamada has resumed, Bloomberg reports. Production halted after a militant group shut seized key pipelines in a bid to negotiat...
Supply Constraints Lower Zawiya Refinery to 50% of Capacity
The cessation of oil production at the Sharara oil field has forced Libya’s Zawiya refinery to pare back its operations, Reuters reports. The refinery has a capacity to refine 120,000 barrels of crude per day but is o...
Libya Seizes Tanker, Suspects Crew of Smuggling
The Libyan navy detained an oil tanker on suspicions of smuggling, Reuters reports. The Liberian-flagged tanker and its Filipino crew were detained on August 27th off the Abu Kamash coast west of Tripoli. The crew mem...
More Oil Fields Close in Libya
Security disruptions continue to plague Libya’s oil production. The National Oil Company (NOC) has declared force majeure at two new oil fields, sources told Reuters. A pipeline blockade has stopped production at the ...
Sharara Offline Again, Sources Tell Reuters
After a temporary resumption of production on Tuesday, the Sharara oilfield is back offline, Libyan sources told Reuters. According to the sources, the site is experiencing a new pipeline blockage. These latest report...
Security Forces Open Sharara Pipeline
Libyan forces secured the Sharara-Zawiya pipeline on Tuesday, removing a key obstacle to production at the Sharara oilfield, Bloomberg reports. With the pipeline open again, the field’s production was slowly resuming,... 
