Libya’s Sanallah calls for external help
The NOC chief wants assistance to get the country exporting oil again
Libya’s oil chief Mustafa Sanallah is calling for Western powers to intervene to end a blockade of oil ports by eastern general Khalifa Haftar that has cost $560mn in lost export revenue. But his appeal has been met with silence, with division between various stakeholders. Haftar’s Libyan National Army (LNA) ordered the shutdown of five ports serving the Sirte Basin, home to two thirds of production, on 17 January, and pro-Haftar forces closed key south-western oil fields, Sharara and El Feel, two days later. Sanallah, chairman of the National Oil Corporation (NOC), says production, which had averaged 1.1mn bl/d, will fall to 72,000bl/d by early February. Haftar ordered the shutdown in pr
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields