Tag Archives: Libya

Libya is politically divided between eastern and western authorities. including two oil corporations.

The damaged parts had been replaced and flows would start returning to previous levels.

It is estimated that the repair will take about one week from today.

The pipeline explosion in Libya is a lot more serious as it may take a long time to restore

Libya agreed its oil production would not exceed 1 mln bpd. and Libya said it would bring its output in line with the target next year.

OPEC was discussing ‘soft targets’ of around 1.8 million bpd for Nigeria and 1 million bpd for Libya.

Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.

Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.

At the beginning of last month. Sharara had resumed production following a two-week halt.

Libya and Nigeria have collectively added about 550.000 bpd since the original deal was agreed to last year.