Space Travel News  
OIL AND GAS
Libyan oil output has yet to recover
by Daniel J. Graeber
London (UPI) Mar 16, 2016


disclaimer: image is for illustration purposes only

A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring.

Energy reporting service Platts reports Libyan oil production in February moved lower by 10,000 barrels per day to 360,000 bpd. The drop follows a deal brokered in December by the United Nations and rival governments that led to the January seating of a unity administration.

Platts, in an emailed report, said Libya's oil infrastructure remains vulnerable to attacks by militants affiliated with the terrorist group calling itself the Islamic State.

Libya's political environment fractured in the wake of civil war in 2011, with factions establishing authority from opposite sides of the country. Italian energy company Eni hosted Libyan delegates in Rome to discuss production opportunities less than a week after the signing of Libyan political unity agreements.

Eni Chief Executive Officer Claudio Descalzi said the Tripoli-based Libyan National Oil Co. had success in navigating the country through a "very difficult period."

A joint statement from France, Germany, Italy, Britain and the United States last week welcomed unity declarations signed in Tunisia, noting all parties need to focus their efforts on governing a country exhausted by years of civil conflict.

"Political unity and an inclusive and functioning government is the only way to put an end to the instability that has fueled the development of terrorism in Libya," the statement read.

Before civil war erupted, Libya, a member of the Organization of Petroleum Exporting Countries, was producing more than 1 million bpd. Libya last communicated directly with OPEC in 2014 to report crude oil production of around 480,000 bpd.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Russia's Novatek inks 1.09 bn euro Yamal stake sale with China fund
Moscow (AFP) March 15, 2016
Russia's Novatek finalised Tuesday a 1.09-billion-euro ($1.2-billion) deal to sell China's Silk Road Fund a 9.9 percent stake in an Arctic natural gas project whose development has been complicated by Western sanctions against Moscow. The deal concerning the equity stake in the Yamal LNG project had been discussed for months but this is the first time Novatek disclosed the transaction value. ... read more


OIL AND GAS
Assembly of Russia's Soyuz Rocket With Earth-Sensing Satellite Completed

Ariane 5 launch contributes to Ariane 6 development

SpaceX launches SES-9 satellite to GEO; but booster landing fails

US Space Company in Talks With India to Launch Satellite

OIL AND GAS
Mission to Mars brings Russia and Europe together

NASA targets May 2018 launch of Mars InSight mission

NASA Announces Winning Concepts to Further its Journey to Mars

Close comet flyby threw Mars' magnetic field into chaos

OIL AND GAS
China to use data relay satellite to explore dark side of moon

NASA May Return to Moon, But Only After Cutting Off ISS

Lunar love: When science meets artistry

New Lunar Exhibit Features NASA's Lunar Reconnaissance Orbiter Imagery

OIL AND GAS
Methane Snow on Pluto's Peaks

Versatile Instrument to Scout for Kuiper Belt Objects

The Frozen Canyons of Pluto's North Pole

The Frozen Canyons of Pluto's North Pole

OIL AND GAS
Sharpest view ever of dusty disc around aging star

Evidence found for unstable heavy element at solar system formation

Imaging Technique May Help Discover Earth-Like Planets Around Other Stars

Newly discovered planet in the Hyades cluster could shed light on planetary evolution

OIL AND GAS
Final hardware delivered for second SLS booster test

US Air Force reveals cost of Russian rocket engines' replacement

Russian eyes nuclear engine for fast space travel

Aerojet and ULA partner with USAF to develop RD-180 replacement engine

OIL AND GAS
China's ambition after space station

Sky is the limit for China's national strategy

Aim Higher: China Plans to Send Rover to Mars in 2020

China's lunar probe sets record for longest stay

OIL AND GAS
Comet's age revealed by the type of ice it carries

NASA's OSIRIS-REx spacecraft in thermal vacuum testing

Dawn's First Year at Ceres: A Mountain Emerges

Don't Panic: asteroid won't hit Earth but will get close









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.