A pipeline fire has disrupted crude flows to Libya's Es Sider oil export terminal, adding to the country's oil production woes amid ongoing political unrest.
Es Sider oil export terminal in eastern Libya has seen crude flows disrupted due to a fire along a pipeline from the oilfields in the Sirte basin, Argus reported on Tuesday, citing shipping agents and traders. The latest disruptions to Libya ’s oil output and exports come a week after production at the largest oilfield in the country, Sharara, was halted by protests.
Two other sources noted that Waha Oil had to cut is crude production rate by around 100,000 bpd. Libya has seen renewed political unrest in recent weeks, which has affected crude oil production in the African OPEC member exempted from the OPEC cuts due to its fragile security and political situation. Libya’s National Oil Corporation NOC declared force majeure at the Sharara oilfield last week, after protests halted production at the country’s largest field earlier in the week.
Oil Production Es Sider Pipeline Fire Sharara Oilfield OPEC Political Unrest Oil Exports Crude Oil Waha Oil
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