Petroleum Africa
Find us on: 
Thursday, June 18, 2015
The crude oil market could see an influx of Libyan crude it statements by the country’s state-run oil company NOC are anything to go by. The country could double its output to 800,000 bpd by next month, following talks to reopen oil and gas pipelines.
“There are efforts under way and initiatives that will be proposed during the blessed month of Ramadan to reopen the oil and gas pipelines to the ports of Zueitina, Zawiya, and Mellitah,” Mohamed Elharari, a Tripoli-based spokesman of NOC., told the Libya news agency Lana. If These initiatives succeed, Libya’s crude output could rise to nearly 800,000 barrels a day.”
The country is currently producing at a rate of roughly 460,000 bpd, around a quarter of its pre-revolution capacity.
There is optimism that UN-sponsored talks between the two administrations in Tripoli and in Benghazi would allow the reopening of Es Sider and Ras Lanuf, the nation’s largest and third-largest oil ports, in four to five weeks.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
