{"id":3388,"date":"2014-12-22T07:39:17","date_gmt":"2014-12-22T12:39:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3388"},"modified":"2014-12-22T07:39:17","modified_gmt":"2014-12-22T12:39:17","slug":"libya-oil-output-drops-as-fighting-spreads-to-third-oil-port-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3388","title":{"rendered":"Libya Oil Output Drops as Fighting Spreads to Third Oil Port – Bloomberg"},"content":{"rendered":"

Libya Oil Output Drops as Fighting Spreads to Third Oil Port – Bloomberg<\/a>.<\/p>\n

Libya<\/a>\u2019s oil output fell below its own consumption as fighting spread to Mellitah, a region that hosts the country\u2019s fourth largest oil port.<\/p>\n

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\u2019t fulfill a contract for reasons beyond its control.<\/p>\n

National Oil yesterday reported clashes in the Mellitah area, Libya\u2019s westernmost oil port, without indicating whether loadings were stopped. Sitting on\u00a0Africa<\/a>\u2019s largest oil reserves, the North African country produced about 1.6 million barrels a day before the 2011 rebellion that ended Muammar Qaddafi\u2019s 42-year rule.<\/p>\n

\u201cNational 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,\u201d the NOC said in a statement on its website yesterday. It also said it\u2019s unable to fulfill natural gas exports contracts to\u00a0Italy<\/a>.<\/p>\n

The U.S. Energy Information Administration estimates\u00a0Libya\u2019s consumption<\/a>\u00a0was 239,000 barrels of oil a day in 2013. The last estimate of the country\u2019s production, on Dec. 15, was 350,000 barrels a day, according to two people with direct knowledge of upstream operations.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Libya Oil Output Drops as Fighting Spreads to Third Oil Port – Bloomberg. Libya\u2019s oil output fell below its own consumption as fighting spread to Mellitah, a region that hosts the country\u2019s fourth largest oil port. National Oil Corp. already this month declared force majeure at two export terminals, Es Sider and Ras Lanuf, after […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2068,484,2078,595,2067],"class_list":["post-3388","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-es-sider","tag-libya","tag-mellitah","tag-oil-production","tag-ras-lanuf"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3388"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3388\/revisions"}],"predecessor-version":[{"id":3389,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3388\/revisions\/3389"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}