A recent pipeline fire, specifically one belonging to Waha Oil, has disrupted the flow of crude oil to the Es Sider export terminal in Libya, according to industry sources . Although the fire was extinguished, the terminal’s export capacity has been severely affected, with crude flows down to about 125,000 barrels per day (bpd) from 271,000 bpd before the incident.
The fire, which occurred about 30 kilometers south of the crude oil storage facility, was crude oil storage of Es Sider, adds to a series of oil production disruptions in Libya, a country that holds Africa’s largest oil reserves but faces difficulties in maintaining production due to political instability and aging infrastructure.
Protests, conflicts and pipeline fire harm Sharara
The National Oil Corporation of Libya (NOC) had already declared force majeure in the Libyan Sharara oil field Sharara oil field, the country’s largest, due to protests that brought production to a halt in early August. This situation has been exacerbated by recent political tensions, resulting in accusations of “political blackmail” between Libya’s internationally recognized government and its rival government in the east of the country.
Continued disruptions in production could have a significant impact on the global oil market oil marketOPEC member Libya is a major crude oil exporter. The operator Waha Oila joint venture between NOC, TotalEnergies and ConocoPhillips, has been forced to reduce production by approximately 100,000 bpd.
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Source: oilprice
Photo: Shutterstock
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