Libya's oil output up to 925,000 bpd

Hariga oil port in Tobruk exporting normally

Rising output from Libya has contributed to the fall in the international oil prices.
Rising output from Libya has contributed to the fall in the international oil prices.

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Libya's crude oil output has increased to 925, 000 barrels per day- the highest since the unrest after Muammar Gaddafi's overthrow, Zawya news website has reported. 

A spokesman for the National Oil Corporation broke the news on Thursday saying oil production has been recovering since the summer following two years a two-year low of 200,000 barrels per day. 

Libya's eastern Hariga oil port has also fully recovered from eight months of blockades by protesters, port officials said, and is exporting more than 120,000 barrels per day.

Hariga, located in Tobruk near the border with Egypt, reopened in April with three other eastern ports, under a deal with a group of rebels which had ended a protest to demand regional autonomy.

"We are back to normal. The port is operating normally. We just exported 1mn (barrels) to China," Hariga terminal manager Rajab Abdulrasoul told Reuters.

Hariga was slow to restart as the connecting Sarir and Messla fields needed to increase production and a group of security guards started a brief new protest to make financial demands.

Abdulrasoul said the southern Sarir field was pumping around 80,000 bpd. Sarir was running below its capacity of more than 200,000 bpd because the connected eastern Ras Lanuf refinery had not restarted work yet since the end of the rebel blockage, he said.

Some 20,000 bpd was used to feed the Tobruk refinery which supplies the local market and also exports some products mainly to southern Europe. Abdulrasoul said that the rest has been exported. 

In August, 3.8mn barrels of crude, or around 124,000 bpd a day on average, was lifted from Hariga. In September, 2.7mn barrels, or some 129,000 bpd, left the port until the 21th, the latest port data showed.

Tankers came from Italy, Croatia, Britain, Singapore, Liberia and Malta, according to details provided by the port administration.Tobruk's refinery, also located at the oil port, exported 77,546 barrels of diesel and 123,026 barrels of untreated naphtha until September 21th, the data showed.

On Thursday a spokesman for Libyan state-backed oil firm Sirte Oil Co. said protesters demanding jobs had blocked the entrance to the company's administrative building at the eastern port of Brega, though its oilfields continued to operate.

Rising output from Libya has contributed to a fall in the international benchmark oil price to a two-year low this week, despite fears of supply disruptions in Iraq and Syria.

 

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