East Libyan Forces Advance to Retake Oil Ports
East Libyan forces said on Thursday they had retaken the shuttered oil ports of Es Sider and Ras Lanuf, though clashes resumed south of Ras Lanuf in the afternoon after a counter-attack by rival factions.Staff were evacuated from terminals in Libya's eastern oil crescent and exports were suspended last Thursday when armed opponents of eastern-based military commander Khalifa Haftar stormed the ports and occupied them.The closure has led to production losses of up to 450,000 barrels…
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 55,000 bpd in the coming weeks from the Abu Attifel and Rimal fields, which are currently closed for maintenance.
Libya Exports First Oil Cargo From Ras Lanuf Since 2014
An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the terminal, one of four seized on Sept. 11-12 by eastern Libyan forces loyal to military leader Khalifa Haftar. Libya's National Oil Corporation (NOC) has welcomed a promise by Haftar's forces to allow the NOC to control the ports.
Blacklisted Tanker Returns to Libya's Zawiya Port
A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed administration in Tripoli returned to the country on Saturday, after it was blacklisted by the United Nations, the state oil company said. The eastern government's parallel oil company had hoped to sell the cargo of 650,000 barrels, but the United Nations measure required states to ban it from entering any port. Two competing governments, one in Tripoli and one in the east, backed by armed factions have struggled for control of the North African OPEC state since 2014.
Libyan Rebel Refuses to Hand Over Oil Ports
A former Libyan rebel leader, who seized oil ports in the past to campaign for eastern autonomy, said he had turned down an offer to join an armed group challenging the internationally-recognized government. The loyalty of Ibrahim Jathran to the government is key to ensure that three oil ports accounting for at least 500,000 barrels of days of exports in eastern Libya will stay open. He had closed with thousands of supporters the ports in summer 2013 to press for regional autonomy…
War of Words Drive Crude Higher
Brent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression by Ukraine and Russia raised concerns over future oil supplies, while strong U.S. economic data suggested higher demand. Ukraine resumed its operation to disarm pro-Moscow separatists in the east of the country and retake their positions, killing five and prompting Russia to launch fresh military drills close to the Ukrainian border. Russian President Vladimir Putin warned of "consequences" if Kiev used the army against its own people.