Libya Fights To Keep The Lights On
21 Jun, 2019
Geopolitical Risk
Libya’s Oil Sector Feels The Strain
14 Jun 2019
Libya’s NOC has managed to keep output above 1.2mn b/d since April. But such efforts are coming under increasing strain. Armed groups are moving in, a rival NOC is trying to sell oil and its decrepit infrastructure continues to dog output.
The pressure on Libya’s gravity-defying oil sector is starting to show. The country’s National Oil Corporation (NOC) on 13 June threatened to pull its staff from Libya’s 220,000 b/d-capacity Ras Lanuf oil terminal, accusing the Libyan National Army (LNA) of entering the port 5 June.
NOC said a group of 80 soldiers had taken over a building at the port and were converting it for military purposes, had attempted to fuel a warship and seized staff dormitories. General Khalifa Haftar’s eastern-based LNA forces, which are waging a now 10-week battle for Tripoli (MEES, 17 May), denied the accusation.
“The presence of...
Libya's April Crude Output (Mn B/D)