industryterm:oil facilities

Middle East Oil Outlook Unsettled Amid Security Vacuum | Chatham House

▻http://www.chathamhouse.org//node/16806

It will be a tough year for Middle East oil exporters. Depressed oil prices, emboldened jihadi groups and the uncertain outcome of political successions top the list for geopolitical upsets in the Middle East in 2015.

http://www.chathamhouse.org/sites/files/chathamhouse/field/field_image_listing/20150204KirkukOil.jpg

Several states are weakened by insurgencies and civil wars, while their neighbours try to manage the spill over. In Libya, Syria and Iraq the central states do not exercise sovereign control over the territory, including some of its oil facilities and export infrastructure.

Libya’s oil exports struggled in 2014 through seven months of civil war but proved surprisingly resilient. Now, as Islamist, pro-government and anti-government forces battle to control the eastern oil facilities, it is unlikely that Libya’s exports will continue to be spared.

#moyen_orient #énergie #pétrole

L’insécurité perturbe de plus en plus l’industrie pétrolière libyenne. Le point faible semble être les terminaux d’embarquement occupés par des groupes armés désireux de faire aboutir leurs revendications.

Oil production at “virtual standstill” says Energy Committee | Libya Herald
▻http://www.libyaherald.com/2013/09/03/oil-production-at-virtual-standstill-says-energy-committee

Armed strikes at Libya’s oil fields and export terminals have brought crude oil production in the country to a virtual standstill, according to the Energy Committee of the General National Congress (GNC).

The committee confirmed, in an official statement released after a meeting yesterday, that the decline in production caused by closure of the oil facilities was now hurtling towards zero.

One employee of a major oil firm, however, told the Libya Herald that production was actually down to 60,000 barrels per day (b/d). He added that this was equivalent of zero, because it was not enough to fulfil even local demand.

The committee said that, among the political and economic consequences of the closure of the oil facilities, there would be substantial material losses for the Libyan state. The strikes had caused an imbalance in the budget, he said, which was calculated on the basis that oil production is 1.5 million with the market value of at least $90 per barrel. This has caused disruption across ministries, the committee said.

Losses have been estimated at $3 billion so far.