Home » Posts tagged 'ras lanuf'

Tag Archives: ras lanuf

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Libya Oil Output Drops as Fighting Spreads to Third Oil Port – Bloomberg

December 22, 2014

Libya Oil Output Drops as Fighting Spreads to Third Oil Port – Bloomberg.

Libya’s oil output fell below its own consumption as fighting spread to Mellitah, a region that hosts the country’s fourth largest oil port.

National Oil Corp. already this month declared force majeure at two export terminals, Es Sider and Ras Lanuf, after an attempt by Islamist militias to capture them. Force majeure is a legal status that protects a company from liability when it can’t fulfill a contract for reasons beyond its control.

National Oil yesterday reported clashes in the Mellitah area, Libya’s westernmost oil port, without indicating whether loadings were stopped. Sitting on Africa’s largest oil reserves, the North African country produced about 1.6 million barrels a day before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule.

“National Oil Corp. is following with deep concern the events that happened over past two days in the region of Mellitah and their implications for the oil and gas complex,” the NOC said in a statement on its website yesterday. It also said it’s unable to fulfill natural gas exports contracts to Italy.

The U.S. Energy Information Administration estimates Libya’s consumption was 239,000 barrels of oil a day in 2013. The last estimate of the country’s production, on Dec. 15, was 350,000 barrels a day, according to two people with direct knowledge of upstream operations.

…click on the above link to read the rest of the article…

Libya’s official government targets rival forces trying to seize ports | Reuters

December 21, 2014

Libya’s official government targets rival forces trying to seize ports | Reuters.

(Reuters) – Military planes loyal to Libya’s recognized government attacked on Sunday an opposing force that is seeking to seize the country’s two biggest oil ports, officials said.

The advancing force, which is allied to a rival government based in Tripoli, moved east a week ago to try take the Es Sider and Ras Lanuf ports. The adjacent terminals have since closed, halting exports of an estimated 300,000 barrels a day of oil.

The recognized government of Prime Minister Abdullah al-Thinni was forced to relocate to the east after losing control of Tripoli in August to a group called Libya Dawn, which installed a new administration in the capital city.

On Sunday, pro-Thinni forces sent aircraft to bomb the advancing fighters some 40 km (25 miles) west of Es Sider and also inside Sirte, a large city further along the coast, said a military spokesman in Es Sider.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress