The CEO of the Italian oil firm ENI Claudio Descalzi stated during one of his most recent executive calls that he expects Libyan production to come back to normal around end June. <\/p>\n\n\n\n
According to Oil Price (energy news site), currently only two oil-producing objects are safe from any military blockade \u2013 Libya\u2019s offshore assets, Bouri and Al Jurf, both located along the Tunisian maritime border.<\/p>\n\n\n\n
The ENI-operated Bouri field was Libya\u2019s first offshore venture, having decommissioned the previous floating storage and offloading vessel, Bouri is now utilizing a brand new FSO with 1.5 MMbbls of storage capacity.<\/p>\n\n\n\n
The Total-operated Al Jurf has a production capacity of 45kbpd and is using the Farwah FPSO, wielding an aggregate storage capacity of 0.9 MMbbls. Given that the Libyan national oil company holds 70% of Bouri and 50% of Al-Jurf, its share of Libya\u2019s total output stands around 60kbpd, which has left an indelible mark on NOC\u2019s financial stature. <\/p>\n\n\n\n
According to data provided by the Libyan NOC, the cumulative financial losses arising from the production blockade amount to $4.35 billion as of end-April. In terms of output lost, some 110 million barrels have been missing, with Libya\u2019s output effectively consisting exclusively of offshore fields.<\/p>\n\n\n\n
The Libyan NOC\u2019s income revenues have parched up compared to last year\u2019s relative financial bounty, February incomes were at a mere $555 million, roughly a quarter of last year\u2019s average. With oil production decreasing to the lowest minimum possible, nationwide availability of transport fuels has been deplorable.<\/p>\n\n\n\n
Especially dire is the fuel situation in the capital Tripoli \u2013 there are no gasoline or diesel stocks there, whilst Benghazi has some 14 days\u2019 worth of gasoline inventories and 2 days\u2019 worth of Diesel. <\/p>\n","protected":false},"excerpt":{"rendered":"
The CEO of the Italian oil firm ENI Claudio Descalzi stated during one of his most recent executive calls that he expects Libyan production to come back to normal around end June. According to Oil Price (energy news site), currently only two oil-producing objects are safe from any military blockade \u2013 Libya\u2019s offshore assets, Bouri […]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[10027],"class_list":["post-31936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-enilibyanocoil-blockadeoil-production"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=31936"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=31936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=31936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=31936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}