Commodities and Futures News

Libya halts operations at El Feel oilfield, Zueitina port due to protests

2022.04.17 16:21

Libya halts operations at El Feel oilfield, Zueitina port due to protests

BENGHAZI (Reuters) – Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime Minister Abdulhamid al-Dbeibah to resign took over the sites.

Halting operations in El Feel and Zueitina would cripple Libya’s oil production which averaged 1.21 million barrels per day before the latest outages. The force majeure on El Feel curtails the North African nation’s production by 70,000 barrels per day.

Libya has had two competing governments since March when the eastern-based parliament appointed Fathi Bashagha to replace Dbeibah, renewing a standoff between the east and west of the country. Dbeibah has refused to cede power to Bashagha who has not made into Tripoli yet.

The state-owned oil company NOC said in a statement that a group of people, which it did not identify, had entered the facilities of El Feel the previous day and prevented employees from working.

Meanwhile, two oil engineers at Zueitina told Reuters that protesters got into the port on Sunday morning preventing a tanker from loading 1 million barrels at the port.

The protesters at Zueitina said in a video statement circulated on social media that they will halt production in the port and its oilfields until Dbeibah leaves office.

Describing themselves as a group of Zueitina residents including elders, the protesters also called for the sacking of NOC’s chief, Mustafa Sanalla, in objection to the company transferring oil revenues to Dbeibah’s government.

The ministry of finance said NOC transferred $6 bln from oil revenues to the ministry’s account in the central bank on Thursday.

No immediate comment was available from Dbeibah’s office.

The ministry of oil and gas said on Sunday in a statement that these closures “will harm NOC’s position in the global markets as a result of its inability to implement its obligations.”

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 63,445.00 0.79%
ethereum
Ethereum (ETH) $ 2,672.28 3.66%
tether
Tether (USDT) $ 1.00 0.09%
bnb
BNB (BNB) $ 610.08 4.61%
solana
Solana (SOL) $ 143.93 0.41%
usd-coin
USDC (USDC) $ 1.00 0.10%
xrp
XRP (XRP) $ 0.587103 0.74%
staked-ether
Lido Staked Ether (STETH) $ 2,672.17 3.69%
dogecoin
Dogecoin (DOGE) $ 0.107199 0.75%
the-open-network
Toncoin (TON) $ 5.64 0.90%
tron
TRON (TRX) $ 0.152739 0.83%
cardano
Cardano (ADA) $ 0.35904 2.59%
avalanche-2
Avalanche (AVAX) $ 27.49 1.77%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,149.40 4.02%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,220.94 0.61%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.21%
weth
WETH (WETH) $ 2,671.57 3.60%
chainlink
Chainlink (LINK) $ 11.48 3.34%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.02 0.16%
polkadot
Polkadot (DOT) $ 4.40 1.31%
near
NEAR Protocol (NEAR) $ 5.10 13.06%
dai
Dai (DAI) $ 1.00 0.09%
leo-token
LEO Token (LEO) $ 5.57 2.68%
uniswap
Uniswap (UNI) $ 6.88 3.85%
litecoin
Litecoin (LTC) $ 67.67 0.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,796.94 3.92%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.65 3.18%
sui
Sui (SUI) $ 1.55 1.88%
kaspa
Kaspa (KAS) $ 0.165258 0.23%
internet-computer
Internet Computer (ICP) $ 8.60 4.38%
bittensor
Bittensor (TAO) $ 539.07 17.26%
aptos
Aptos (APT) $ 7.89 1.03%
pepe
Pepe (PEPE) $ 0.000008 1.24%
monero
Monero (XMR) $ 172.82 2.32%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.10%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.405996 1.26%
immutable-x
Immutable (IMX) $ 1.80 7.96%
ethereum-classic
Ethereum Classic (ETC) $ 19.29 2.16%
stellar
Stellar (XLM) $ 0.096574 0.45%
blockstack
Stacks (STX) $ 1.84 8.46%
aave
Aave (AAVE) $ 174.75 10.14%
ethena-usde
Ethena USDe (USDE) $ 0.999536 0.05%
render-token
Render (RENDER) $ 6.21 12.29%
okb
OKB (OKB) $ 40.17 0.26%
crypto-com-chain
Cronos (CRO) $ 0.086029 1.15%
filecoin
Filecoin (FIL) $ 3.75 1.60%
arbitrum
Arbitrum (ARB) $ 0.604722 0.89%
injective-protocol
Injective (INJ) $ 22.17 4.10%
hedera-hashgraph
Hedera (HBAR) $ 0.05654 5.03%
mantle
Mantle (MNT) $ 0.635339 0.14%