Energy News  
OIL AND GAS
Oil leaving Libyan ports
by Daniel J. Graeber
Tripoli, Libya (UPI) Sep 21, 2016


disclaimer: image is for illustration purposes only

A tanker filled with more than 700,000 barrels of oil has left Libya for Italy from a port closed for about two years, according to published reports Wednesday.

Citing an unnamed and unquoted spokesman for the Libyan National Oil Co., The Wall Street Journal reported that a tanker filled with 740,000 barrels of oil left the Ras Lanuf port Tuesday evening and another tanker with 574,000 barrels is on schedule to leave for Spanish ports for Wednesday.

Libyan authorities took brief control over oil terminals. The NOC in a statement Monday called for the resumption of pipeline transit from oil fields in southwest Libya, saying the stoppage of oil has led to a financial loss for the country of more than $27 billion.

"The events in the Oil Crescent must have made it clear to everybody that the use of blockade as a tactic in our politics is a dead end," NOC chairman Mustafa Sanalla said in a statement.

By his estimates, if security lasts, oil production can recover to around 600,000 barrels per day with a month, to 900,000 bpd by the end of the year and return to pre-war levels of around 1.2 million bpd within 12 months.

Libyan oil production declined nearly 7 percent from July to August and is more than 70 percent less than peak levels before the outbreak of civil war.

The governments of France, Germany, Italy, Spain, the United Kingdom, and the United States last week expressed concern about security at oil terminals in Libya. All parties were called on by the NATO allies to avoid action that could damage Libya's energy infrastructure or further disrupt its exports.

Forces loyal to a Libyan military leader in the east of the country gained leverage over four oil ports, driving out an armed unit backed by the government in Tripoli, which has the support of the United Nations.

Martin Kobler, the U.N. special envoy for Libya, said military action in oil terminals was in violation of U.N. Security Council resolutions dealing with the security of energy infrastructure in the country. Attacks on oil installations, he said, could widen the gap between rival power structures in Libya and lead to great instability in a country torn in half by civil war.

Libya's political environment fractured in the wake of civil war in 2011, with factions establishing authority from opposite sides of the country. The country in July moved to reopen some of its oil terminals, which were idled for nearly two years by threats from rival internal powers.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Iran, Cuba tout economic resilience
Havana (UPI) Sep 20, 2016
The Iranian and Cuban economies have a long and successful track record of withstanding economic pressure from adversaries, Iran's president said from Havana. Iranian President Hassan Rouhani met his Cuban counterpart, Raul Castro, in Havana before traveling to New York for the U.N. General Assembly meeting. The Iranian president said both economies have shown resilience against strong ... read more


OIL AND GAS
Vega to launch ESA's wind mission

THEMIS sees Auroras move to the rhythm of Earth's magnetic field

Scientists expect to calculate amount of fuel inside Earth by 2025

China researches high resolution imaging from high orbit

OIL AND GAS
2 SOPS bids farewell to miracle satellite

China issues development plan for geoinformation industry

Inferring urban travel patterns from cellphone data

Positioning exact to the millimeter

OIL AND GAS
Eastern forests use up nitrogen in soil during earlier, greener springs

In eastern Tibetan forest, signs of tree growth amid climate change

World's largest reforestation program overlooks wildlife

Voracious Asian jumping worms strip forest floor and flood soil with nutrients

OIL AND GAS
Liquid Manure Volume Reduced by Half

Boskalis tests sustainable wood-based biofuel for marine fleet

Valmet to supply biomass-fired power systems to HOFOR Denmark

Tapping the unused potential of photosynthesis

OIL AND GAS
Tenaska's Second Large-scale Solar Project Begins Commercial Operation

New NOMAD sea buoy utilizes renewables for reliable data monitoring and transmitting from ocean to shore

New fabric uses sun and wind to power devices

Rapid gene analysis method accelerates photosynthesis studies

OIL AND GAS
U.S. governors want more offshore wind support

GM commits to 100 percent renewables

Experts anticipate significant continued reductions in wind energy costs

Statoil complements portfolio with more wind

OIL AND GAS
Court dismisses challenge to Adani's Australia mine

Moody's: Poland to remain dependent on coal

11 dead after fire at illegal Chinese coal mine

Sweden backs Vattenfall exit from German coal unit

OIL AND GAS
China detains 13 in 'rebel' village over protests

Debate on China poverty after mother kills her 4 children

Hundreds in Shanghai demand action on alleged Ponzi scheme

China's cargo carriers crumble in courier cavalry contest









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.