Real Madrid's struggles continue with 2-1 loss to Alaves    Egypt, South Sudan exchange viewpoints on support to implementation of peace agreement    New Egyptian league season to end in August; fan attendance not allowed    France's AFD, NBE sign €100 million credit facility agreement    Savills: Boom in global vaccine investment to benefit real estate investors in Middle East    Egypt's exported 4.8 mln tonnes of agriculture products in 11M: Minister    US aircraft carrier deploys to Gulf, Navy says unrelated to 'specific threats'    Ethiopian forces will take Tigrayan capital in coming days, military says    Experts: Virus numbers could be erratic after Thanksgiving    Match winner Afsha continues scoring habit to give Ahly Champions League title    Italy loosens COVID restrictions in five regions, including Lombardy    Egypt's Sisi inspects road projects under construction in Cairo    Light to heavy rainfall forecast in Egypt next week    Ethiopia to generate power from GERD in June 2021, says Ethiopian Minister    Cairo, Alexandria, Gharbiya and Luxor record highest coronavirus infection rates, minister    2021 Grammy Awards: List of nominees in top categories    Egypt's interior ministry takes legal action against 5,226 drivers, 483 shops for violating COVID-19 preventive measures    Sisi calls on citizens to closely observe COVID-19 preventive measures    UAE's ADGM to sign MOU with Israel's securities authority on fintech    Akhenaten performance at the Cairo Opera House is a must go    An advisory chamber    GERD: A point of order?    Leapfrogging the transport network    Cairo International Book Fair suspended for five months over coronavirus concerns    AstraZeneca novel COVID-19 vaccine can be 90% effective, results show    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Palestinians mourn the loss their longtime spokesman, Saeb Erekat    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Libyan strikes shut oil terminals again, hit new fields
Striking security guards reimpose two week-old shutdown at Libya's two biggest crude export terminals on Monday and close more oilfields
Published in Ahram Online on 12 - 08 - 2013

Striking security guards reimposed a two-week-old shutdown at Libya's two biggest crude export terminals on Monday, hours after they had reopened, and more oilfields closed in a wave of protest that is propping up world oil prices.
The outages at ports and fields, caused by striking employees and jobless people demanding work, have brought the worst disruption to the North African OPEC member's oil industry since the civil war in 2011.
A source at Arabian Gulf Oil Company (AGOCO) said output at the state oil company subsidiary had dropped below 60,000 barrels per day (bpd) due to strikes, down from levels of 375,000 bpd before the disruption.
Meanwhile, loadings halted again at the Es Sider and Ras Lanuf terminals, with a combined export capacity of 600,000 bpd, due to actions by the armed guards whose job is to protect them, trading and shipping sources said.
"The security guards have stopped the exports (from Es Sider)," said Mohammed El-Hattab, chairman of the federation of oil workers and an employee at the port's operator Waha Oil Company.
"We are having discussions now and hope to restart today or tomorrow," he added.
In total, around 15 crude and oil product tankers were waiting outside the two ports, according to Windward, a maritime analytics services company.
The blows to exports from Libya, OPEC's ninth largest producer, as well as the prospect of lower Iraqi shipments have limited falls in benchmark Brent crude oil futures, traders said.
Brent was 39 cents lower at $107.83 a barrel by 1338 GMT.
European refineries are having to pay high prices for alternatives due to a shortage of light sweet Libyan crude oil as exports were below 500,000 bpd at the end of last week, less than half of its recent rate of about 1 million bpd.
One industry source with close ties in Libya estimated Monday's output at around 540,000 bpd, adding that the Brega and offshore Al Jurf and Bouri fields were among those operating.
Fast Evolving
Several trading sources reported, however, that the 130,000 bpd El Feel field, shut since end-May, has started to ramp up production - a sign of the fast-evolving situation in the labour and social protests sweeping across Libya's economy.
But AGOCO's latest outages add to those at the Es Sider, Amna and Sirtica producing fields, which were closed early last week due to storage limits.
AGOCO's Sarir, Nafoora and two small oilfields were shut while the Mesla field and Hamada fields were producing around 50,000 bpd and 10,000 bpd, so far.
"If the situation continues...we could be forced to halt production completely at Mesla field when we reach maximum storage capacity," an AGOCO company document showed.
At the coast, the port Marsa al Hariga, which handles the Sarir export grade of crude and feeds the oil refinery at Ras Lanuf, has also been closed, a company source said.
Trading sources said the port of Zueitina was still closed and that the Zawia port in the west and the major El Sharara field were still operating.
Operators of shut terminals had hoped that negotiations would lead to their reopening after the Eid al-Fitr holiday marking the end of the Muslim fasting month of Ramadan, and the stoppage was lifted on Sunday at Es Sider.
But the resumption was short-lived at the terminal operated by Waha, a joint venture between Marathon, Hess and ConocoPhillips with Libya's state National Oil Corporation (NOC).
The Ras Lanuf terminal is operated by Harouge Oil Operations, a joint venture between Canada's Suncor and Libya's state National Oil Corporation (NOC).
http://english.ahram.org.eg/News/78876.aspx


Clic here to read the story from its source.