{"id":32674,"date":"2020-10-02T11:02:08","date_gmt":"2020-10-02T11:02:08","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/libyan-barrels-return-may-be-temporary\/"},"modified":"2020-10-02T11:02:08","modified_gmt":"2020-10-02T11:02:08","slug":"libyan-barrels-return-may-be-temporary","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/libyan-barrels-return-may-be-temporary\/","title":{"rendered":"Libyan barrels\u2019 return may be temporary"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Production could ramp up quickly, but the countdown is already ticking on another round of shutdowns<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Petroleum Economist, a monthly magazine that provides macro-economic and geopolitical analysis of the energy industry, Libya\u2019s oil production has nearly tripled since the end of an oil port blockade. But the country\u2019s state-owned National Oil Corporation (NOC) has in effect jumped the gun by re-opening ports and fields, despite the failure of all sides to agree a deal hammered out by US diplomats. In the absence of a deal, the shutdown may return by 18 October. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Khalifa Haftar, head of the powerful eastern Libyan National Army, ordered the blockade in January. He declared it over in mid-September after signing an agreement with Ahmed Maiteeq, deputy prime minister of Tripoli\u2019s UN-recognised Government of National Accord (GNA). But GNA prime minister Fayez-al-Sarraj and most of his cabinet have refused to sign the deal, which calls for the creation of a new commission to decide how oil revenue is spent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, NOC is ploughing forward with the lifting of force majeure in a growing number of ports and fields. In the last week of September, NOC hit its target of raising production to 260,000bl\/d, up from c.90,000bl\/d during the shutdown.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One limitation on re-openings is the presence of mercenaries. The NOC has admitted facilities held by mercenaries will remain shut, in particular singling out Wagner, a Russian military contractor with ties to Moscow, which is aligned with Haftar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And these exceptions have significantly crimped Libya\u2019s oil recovery. Southwest Libya\u2019s Sharara field, the country\u2019s largest producer at 315,000bl\/d, remains shut because Wagner units are deployed there.&nbsp;The neighbouring 90,000bl\/d El Feel field is also closed, and their absences are in turn keeping their export port, Zawiya, offline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wagner is also present in Libya\u2019s largest oil port, Sidra, along with nearby Ras Lanuf. Both remain shut, keeping Waha\u2014Libya\u2019s largest joint venture oil company at 300,000bl\/d\u2014offline in the western Sirte Basin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Central Sirte Basin fields, including those operated by Germany\u2019s Wintershall and Libyan-Canadian joint venture Harouge Oil, may reopen, with part of the area\u2019s potential 400,000bl\/d output able to be diverted from Sidra by pipeline spurs to the Brega and Zueitina terminals, both of which are now open.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Production could ramp up quickly, but the countdown is already ticking on another round of shutdowns. According to Petroleum Economist, a monthly magazine that provides macro-economic and geopolitical analysis of the energy industry, Libya\u2019s oil production has nearly tripled since the end of an oil port blockade. But the country\u2019s state-owned National Oil Corporation (NOC) [&hellip;]<\/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":[10703],"class_list":["post-32674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-libyalibyan-oiloiloil-blockadeoil-production"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32674","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=32674"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32674\/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=32674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=32674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=32674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}