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Libyan Ambitious Plans To Raise Oil Production | The Campus Slate News

Libyan Ambitious Plans To Raise Oil Production

Tripoli – Libyan Ambitious Plans To Raise Oil Production; The officials said that the National Oil Corporation of Libya’s ambitious plans and they described to return production to pre-2011 levels, after years of violence and pitfalls of production.

Oil Production

Oil Production

Current crude production of less than a quarter level of 1.6 million barrels per day that Libya was pumping before the fall of Muammar Gaddafi in 2011 and hopes to oil in Tripoli Foundation raised quickly with the support of the new government of national reconciliation.

It may take the full-year return because of protests by the workers, political strife and attacks the organization of the Islamic State of production disruptions.

A year ago, militants attacked the Ghanaian fields carp and Dahra in the Sirte basin, forcing Oil Corporation to declare force majeure on 11 field and was followed by more attacks.

Foundation official told The Campus Slate News in Tripoli that the attacks on the oil fields in the western Sirte Basin, where oil reserves are concentrated in Libya has damaged production capacity of not less than 200 thousand barrels per day.

He added that the institution may take until late 2017 or 2018 in order to return to those fields to its full potential if it can bear the cost of repairs.

A second official at the center said the first phase of the recovery plan consisting of three stages can be implemented within three months, which will allow to restart the fields such as the spark and the elephant, who together with a capacity around 430 thousand barrels per day.

But he added that other fields, such as those directly exposed to the attacks and others that pump output through a pipeline to the Ras Lanuf and Sidr largest export ports of Libyans may take restarted longer.

It covers the second phase of six months to eight, including the final stage fields that will take her return to work at full capacity between eight months and several years.

Repair of damage to the infrastructure of the ports for several years, delaying restart the fields that fed may take. The cost is another factor important reforms.

The second official, “and said all those plans rely on security. If appropriate and active in the oil fields of security procedures are not available We planned in the wind.”

Earlier this year, gunmen attacked Ras Lanuf and Sidr amounting to a capacity to export 600 thousand barrels per day. Both ports closed since December 2014 after an attack on the Seder.

And it survived the latest attack, only 12 out of 32 storage tanks at the terminals as reported Mustafa God made chairman Oil Corporation, told The Campus Slate in February. He added that the institution may take “many years” to repair the sophisticated facilities in the ports.

* Modest and conditional increase

And transition effects Allowavq government, which UN-backed to Tripoli last month, hopes that you can to Libya to restart the stalled fields and open export ports closed, says Oil Corporation in Tripoli that they were able to double production rapidly to more than 700 thousand barrels per day if stabilized the political and security situation.

The government continues to struggle to win the support of a clear, especially in the east. Last week I tried a parallel institution in the Middle export oil shipment for the first time, which may increase the difficulty of recovery.

He informed the work of God, told The Campus Slate last month: “We want to increase our production. In some places I would not do more than open the valves .. As I said, stability is the first step to restore production.”

Sources sector does not expect production to 600 thousand barrels per day over the next few months.

Richard Mallinson, an analyst at Energy Ospkedz told a forum organized by the world’s oil, told The Campus Slate last month “in the case of success of the new unity government to impose some control over the production will recover only slowly and with setbacks.”

* Security challenge

Oil Corporation hopes to be able to accord government to form a unified security force to protect oil facilities.

At present security depends on a range of armed groups such as oil installations guards a quasi-official power had already surrounded the port and tried in 2014 to export crude independently but US special forces foiled endeavors.

He says Ibrahim Jadhran commander of the Guard installations he supports reconciliation government and that he was ready to re-open the Seder Zueitina ports and Ras Lanuf says God made the oil Foundation will accept Guard facilities as part of a new national security force that will be formed in the future.

But the blockade and the refusal to allow the Guard offload storage tanks in harbors endangered angers Oil Corporation. Meanwhile, the rival faction of the Guard Battalion 152 says that a pro-military commander for the Middle Government Khalifa Haftar which prevents his political allies in the Middle parliament to ratify the accord government.

The accord government said last week it feared the vulnerability of coastal infrastructure and oil fields for more attacks and that it had received reports that a source of danger is not limited to state regulation but also loyal to Gaddafi and Sudanese rebels.

Financing may be a challenge in the short term in light of severe damage to Libya as a result of falling oil prices and having to bear the double burden of the collapse of the price and lower production.

The estimated cost of making God stalled for more than $ 68 billion for the last three years of production, he says that Libya is losing $ 30 million a day due to interruptions. And unable Oil Corporation for assessing the total cost to repair facilities in some areas because of security concerns.

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