Libya: Stability Under Threat As Oil Output Recovers

This week’s recovery in Libyan crude output has yet to be matched by increasing exports, while preliminary election results have rattled Islamist militias, who responded by attacking Tripoli airport.

Pricing disputes and technical issues are preventing a resurgence of Libyan crude exports after the government regained control over two key ports and Libya’s largest oil field, as the country’s precarious security situation and political instability were exposed by heavy fighting at Tripoli airport.

Exports from the Es Sider and Ras Lanuf terminals will likely resume in August – a full month after a federalist movement ended its year-long blockade of the eastern ports – officials at the state-owned National Oil Corporation (NOC) said. Crude from the western Sharara field is also not finding its way to the market yet, in spite of the field restarting production last week. (CONTINUED - 1709 WORDS)

DATA INSIDE THIS ARTICLE

table Libyan Crude Official Selling Prices