OPEC Production Growth Depends on Stability in Libya, Nigeria and Iraq.
As crisis continues in Venezuela, net growth in total production capacity of the Organisation of Petroleum Exporting Countries would, among others, be determined by stability in Libya Nigeria and Iraq, the International Energy Agency (IEA) has said. Oil 2018: Venezuela in crisis,net growth in total OPEC capacity would be…
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MarLibyan Oil Is Back Vying With Saudis and Iraq
LIBYA is now closing in on Saudi Arabia as the third-biggest source of seaborne supply to Europe after Iraq and Russia, the International Energy Agency said Thursday. Even as the U.S. is reviving its own oil industry and exporting, Libya managed to ship more crude to America in the fourth…
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MarLibya’s Zawiya oil port loadings resume after strike ends.
Libya’s Zawiya oil terminal returned to normal operations on Tuesday after workers who were blocking ships from docking agreed to end a one-day strike. Zawiya exports crude from Libya’s giant El Sharara oilfield, which produces 300,000 barrels per day (bpd), more than a quarter of the North African country’s output….
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MarLibyan Coast Guard forces holding a tanker dumping waste inside Libyan territorial waters.
With the participation of vertical flights, the Coast Guard forces are holding the SANTORINI tanker inside Libyan territorial waters in the northwest of Sousse, where the tanker was dumping waste into Libyan territorial waters. This is not the first time that the Libyan Coast Guard forces has been able to…
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MarPetroChina to buy Libyan oil.
PetroChina has signed an annual contract to buy Libyan crude in 2018, Bloomberg reports. It is the first oil purchase deal with the NOC by the Chinese company since 2013. The deal comes after similar deals were agreed by oil majors like Royal Dutch Shell and BP in January….
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