Tag Archives | oil production

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 […]

NOC Chairman: Oil Production to reach 2.5m bpd by 2020

By Adam Nathan. Mustafa Sanalla, the colourful chairman of Libya’s National Oil Corporation (NOC), has revealed ambitious plans to increase Libya’s oil production to 2.5 million barrels of oil a day by 2020. Sanalla, also revealed plans to expand Libya’s refining capacity to 1 million barrels of oil a day and gas production to 1.3 […]

Oil Production hits Three-Year High

By John Lee. Oil production is Libya is current at a three-year high, according to Libya Herald. During a visit to the Jalo oil field in south-east Libya, National Oil Corporation (NOC) chairman Mustafa Sanalla reportedly said output was now running at “up to” 708,000 barrels per day (bpd). (Source: Libya Herald)

Oil Production rises to 685,000 bpd

By John Lee. An official from the National Oil Corporation (NOC) has told Reuters that Libya was producing oil at a rate of 685,000 barrels per day on Sunday, up from an average of roughly 600,000 bpd in December. The official declined to give details of operations at individual oil fields. Output is understood to […]

Sharara Oilfield Resumes Production

The National Oil Corporation (NOC) has announced that production at the Sharara oilfield reached 58,000 barrels on Wednesday, according to a report from Reuters. The NOC confirmed on Tuesday the reopening of pipelines connecting the Sharara oil field to Zawiya refinery, and the El-Feel [El Fil, Elephant] oil field to the Mellitah complex. The pipelines […]