Tag Archives | oil production

Protesters Disrupt Production at Sharara

By John Lee. Bloomberg reports that oil production at the Sharara oil field (pictured) in southwest Libya has been suspended. Sources say protesters shut down the oil pipeline from Sharara to the port and Zawya refinery, but it is unclear what the demonstrators were demanding. Sharara normally produces more than 200,000 barrels of oil per […]

NOC to raise Production at Sharara

National Oil Corporation (NOC) Chairman Mustafa Sanalla held a meeting on  Tuesday with Luis Paolo Navaz, General Manager of Repsol (Libya) and Deputy General Manager Al Mehdi Esmama. The meeting discussed plans to increase the production of Akakus Oil Company, the operator of the Al Sharara oil field whose production is currently at 200,000 barrels/day; […]

Libyan Oil Output Recovers

By John Lee. Bloomberg reports that Libya’s crude oil production has recovered to about 660,000 bpd. The increase comes as the Sharara field resumed production. (Source: Bloomberg)

Libya’s Oil Production Down

By John Lee. Reuters cites a source at the National Oil Corporation (NOC) as saying that oil production was down by 252,000 barrels per day on Tuesday. The reductions were caused by shutdowns at Wafa (pictured) and Sharara, due to the activities of “armed factions“. (Source: Reuters)

Ports Prepare to Resume Oil Shipments

By John Lee. The oil ports of Es Sider and Ras Lanuf are reportedly resuming operations and preparing to export crude oil following a two-week pause due to clashes. Forces loyal to eastern-based Khalifa Haftar regained control over the two ports on 14th March. According to Bloomberg, Libya’s total production rose from 621,000 bpd to […]

OMV’s Libya Production “Ongoing”

By John Lee. Austrian energy company OMV has said its oil production in Libya is “ongoing“, and the increases are expected this year. A spokesperson for the company told UPI: “OMV production is ongoing, with a planned level of 10,000 barrels per day for the full year 2017.” (Source: UPI)

Clashes hit Libya’s Crude Oil Output

By John Lee. According to a report from Bloomberg, Libya’s crude output has fallen 11 percent as clashes over the past 10 days have led to the closing of some oil export terminals. It claims that production is down from about 700,000 barrels per day (bpd) to around 620,000 bpd as Es Sider, the country’s […]

OMV Restarts Production; Increases Stakes in Libyan Fields

Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields. The Sharara fields are located in the Murzuq basin. In Q4/2016 OMV’s production from Libya amounted to approximately 3,000 bbl/d. OMV also […]