Monday, 17 June 2013 16:42
Posted by Muhammad Iqbal
TRIPOLI: Libya's oil output has climbed to 1.3 million barrels per day from less than 1 million bpd last week as operations normalise following several disruptions due to protests at fields and ports, a senior Libyan industry source said."Production was 1.3 million bpd yesterday," the source said on Monday, "Things have started to stabilise."Libya normally produces around 1.6 million bpd but state oil company National Oil Corporation (NOC) said output had fallen last week below 1 million bpd after protesters shut down two export terminals and oilfields, including the 130,000 bpd El Feel field.Workers at the Marsa al-Hariga and Zueitina ports later said that the demonstrators had left the premises. While output has recovered since last week, several fields were still off line due to worker protests, mainly over pay.Production at Libya's Abu Attifel 70,000 barrel per day (bpd) oilfield, a joint venture with Eni, was shut last Wednesday while ...
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TRIPOLI: Libya's oil output has climbed to 1.3 million barrels per day from less than 1 million bpd last week as operations normalise following several disruptions due to protests at fields and ports, a senior Libyan industry source said."Production was 1.3 million bpd yesterday," the source said on Monday, "Things have started to stabilise."Libya normally produces around 1.6 million bpd but state oil company National Oil Corporation (NOC) said output had fallen last week below 1 million bpd after protesters shut down two export terminals and oilfields, including the 130,000 bpd El Feel field.Workers at the Marsa al-Hariga and Zueitina ports later said that the demonstrators had left the premises. While output has recovered since last week, several fields were still off line due to worker protests, mainly over pay.Production at Libya's Abu Attifel 70,000 barrel per day (bpd) oilfield, a joint venture with Eni, was shut last Wednesday while ...
TRIPOLI: Libyan oil output has climbed to 1.3 million barrels per day (bpd) from less than 1 million bpd last week as operations normalise following several disruptions at fields and ports, a senior Libyan industry source said."Production was 1.3 million bpd yesterday," the source said on Monday, "Things have started to stabilise."Libya's state oil company National Oil Corporation (NOC) said production had fallen to less than 1 million bpd last week after protesters shut down ...
BAGHDAD: Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global crude demand forecasts, the country's top energy official told AFP.Hussein al-Shahristani said that Iraq was re-negotiating all of the oil field contracts agreed in 2009 to lower the peak production target and spread output over a longer period of time.He added that he hoped oil prices stayed above $90 per barrel, after ...
KUWAIT CITY: The Kuwaiti ruler on Monday accepted the resignation of Oil Minister Hani Hussein who quit apparently to avoid being questioned in parliament over a $2.2-billion penalty payment to US Dow Chemical."A decree was issued by the emir accepting the resignation of the oil minister," State Minister for Cabinet Affairs, Sheikh Mohammad Abdullah Al-Sabah, told the official KUNA news agency.A second decree was issued appointing Finance Minister Mustafa al-Shamali as acting oil minister, he ...
TRIPOLI: Libya's crude oil exports totalled 43.83 million barrels in April, the National Oil Corporation (NOC) said.The NOC itself exported 37.281 million barrels, the state energy company said in a statement posted on its website, adding that the rest was exported by its partners.Local refineries consumed 4.361 million barrels. It added that average production during the month was 1.606 million barrels per day.Copyright Reuters, 2013 ...
KUWAIT: Around 80 percent of workers at Kuwait's main, state-run oil services company are on strike calling for better pay, a union official said on Tuesday, the latest sign of wage pressures in the Gulf Arab country.The walkout by the workers, who provide security, fire protection and health services for oil firms, began on Sunday but had not affected oil production in the OPEC member state, union official Saad al-Sebayie said.Well over 1,000 of around ...
