By Salma El Wardany (Bloomberg) –Libya’s oil production has picked up again after a blockade of its western fields ended and ports in the east reopened, according to the OPEC member’s energy minister.
Output is around 1.2 million barrels a day, Mohammed Oun said in response to questions from Bloomberg on Sunday. That was its normal level before a round of closures hit the North African nation’s oil facilities late last year, sending daily production as low as 700,000 barrels.
Its biggest field, Sharara, was pumping about 280,000 barrels a day as of Saturday, near its capacity.
Production has fluctuated significantly since mid-December, when militias forced western fields, including Sharara, to close down as part of a dispute over pay and politics. The sector was further hit when a major pipeline was shut for repairs early this month, and then again when bad weather caused at least four eastern ports to close.
Related Article: Biden Orders Release of Strategic Petroleum Reserves in Challenge to OPEC+
Bouri, Farwah, Mellitah and Zawiya — all in the west — are still closed because of bad weather, according to a person with direct knowledge of the situation who isn’t authorized to speak to media.
© 2022 Bloomberg L.P.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,808 members that receive our newsletter.
Have a news tip? Let us know.
The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.
Europe is starting to find the limit of a decades-long boom in offshore wind. It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,808 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
