Tag Archives: Libya

The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.

Global Risk Insights reported recently that fighting for the Libyan oil crescent region is not over.

Over the past week Libya’s crude oil production has exceeded 1 million bpd for the first time since June.

The NOC shut the oilfield in the aftermath of the incident and 160.000 bpd are lost from the Total output of Libya'.s crude.

The threat of further supply disruptions hasn'.t totally evaporated.

The EU fully supports the Presidential Council and its efforts to stabilize Libya.

Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.

NOC has lifted force majeure on El Feel oilfield. which was declared on February 23 this year.

The Libyan National Army contends that some of the oil revenue flowing from the NOC to the Libyan government is diverted to fund rival militias.

Transparency about spending would enable Libyans to see who is getting what from Libya oil.