Tuesday 27 August 2013

Lybia's western oilfields closed.Armed Group shut pipeline.

 Libya's largest western oilfields closed when an armed group shut down the pipeline linking them to ports, its deputy oil minister said on Tuesday, reducing its oil output to a trickle.

Total Libyan oil output would be just under 200,000 barrels per day from pre-war levels of around 1.6 million bpd, according to a Reuters estimate, the worst disruption since the civil war in 2011.
The fields - El Feel and El Sharara - linked to the pipeline have a combined capacity of around 500,000 barrels per day.
In the east, striking workers, who had already cut Libyan oil output by over half, want more power for the eastern region, the oil minister said in a television interview earlier on Tuesday. Abdelbari al-Arusi said that output was at 665,000 bpd
Source: Reuters

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