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Libya Business News, Disruptions Cut Libyan Oil Output

Libya Business News

Disruptions Cut Libyan Oil Output

02/07/2013 – www.emgegconsulting.com

New protests have shut down several Libyan oilfields, cutting output by around a third, reports Reuters. 
Workers calling for management change shut down production at several fields belonging to Zueitina Oil Company on Monday. The protest started at the 103 D field then spread to the 103 A and Zala oilfields, and has now spread to the port. 
In a separate incident, Libya’s Sharara oilfield, was shut as an armed group objected to the appointment of the Petroleum Facilities Guard (PFG) to help supervise security at the facility. 
They said this happened on the same day that other members of this group attacked the headquarters of Libya’s Petroleum Facilities Guard (PFG) in Tripoli on Tuesday. 
The PFG operates under the official remit of the Defence Ministry, but only about 2,000 of its 15,000 members have had training from the military. The rest are former rebels who fought to oust Gaddafi. 
The field is operated by Akakus, a joint venture between the National Oil Corporation (NOC) and Spain’s Repsol. In normal production it can pump around 350,000 bpd. 
 
(Source: Reuters) 

 

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