Libyan crude gushes into tankers as nation's output accelerates - WORLD OIL

JUNE/28/2017
RUPERT ROWLING

LONDON (Bloomberg) -- Libyan oil shipments are poised to hit their highest level in at least three years in the latest sign the North African country is managing to sustain a production revival.

Exports are on course to reach about 715,000 bpd this month, the most since July 2014, when Bloomberg began monitoring Libyan shipments, tanker-tracking data show. With relatively limited capacity to process that crude in its domestic refineries, the shipments have been moving in lock-step with production.

Libya’s surging output is a key factor helping to undermine the Organization of Petroleum Exporting Countries’ efforts to reduce global supply and increase oil prices. The group met last week in Vienna to discuss how to deal with rising production in Libya and Nigeria -- both OPEC nations exempt from supply curbs -- rather than deepening output cuts by other members. U.S. production climbing to the highest since August 2015 has further derailed OPEC’s efforts.

Libya’s oil production set to reach three-year high by December - WORLD OIL

By NAYLA RAZZOUK on 10/12/2016

ISTANBUL (Bloomberg) -- Libya’s oil production is set to reach a three-year high by December, as fields restart and ports reopen after five years of armed conflict crippled sales.

Output is now 540,000 bopd and will reach 900,000 bopd by the end of the year, Libya’s National Oil Corp. Chairman Mustafa Sanalla said Wednesday in Istanbul. That would be the highest production since June 2013, according to data compiled by Bloomberg.

Libya, with Africa’s largest crude reserves, has increased oil output after the NOC reached an agreement last month with Khalifa Haftar, commander of the armed forces controlling key oil ports. Shipments were able to resume from ports including Ras Lanuf, Es Sider and Zueitana, leading Germany’s Wintershall AG to resume output in As Sarah oil field on Sept. 16.

Libya’s oil output nudges higher as Wintershall resumes production - WORLD OIL

Ionic Anassa is due to arrive at Zueitina on Oct. 3 2016

By TAGHREED ALMADANI, GRANT SMITH AND LAURA HURST on 9/28/2016

DUBAI (Bloomberg) -- Libya, struggling to revive its energy industry after five years of armed conflict, restarted production at an eastern oil field and was poised to export crude from the port of Zueitina for the first time since November.

Germany’s Wintershall AG began pumping at Concession 96 in As Sarah field on Sept. 16, and is producing 35,000 bpd, a company official said Wednesday in an emailed response to questions. Wintershall restarted production at the request of Libya’s National Oil Corp. (NOC) and will send oil from the field to Zueitina for export, the official said.