- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Libyan oil production makes steady gains
Libyan Oil Minister Abdelbari al-Arusi said the restart of the Sharara oil field in the west of the country was contributing to the production gains.
Libya’s state-owned National Oil Corp. said last week production was about 546,000 barrels per day. With Sharara back in production, al-Arusi said production had surpassed the 600,000 bpd mark, the Platts energy news service reported Monday.
Operations at Sharara were shuttered in October by regional protesters calling for more local authority. The field, which returned to service last week, has the capacity to produce 350,000 bpd.
Libya has struggled to return to its pre-civil war level of 1.6 million bpd because of national security issues.
The International Energy Agency in 2012 called on its member states to tap into their strategic reserves to compensate for supply disruptions from Libya. Production increases from North America have provided the global oil market with a buffer against Libyan supply issues.
Source: UPI
