Libya’s Damaged Pipeline Will Come Back Online In January

29 Dec 2017   Libya

The Libyan crude oil pipeline blown up on Tuesday will take about a week to repair , the chairman of Libya’s National Oil Corporation (NOC) said on Wednesday. On Tuesday, an explosion on the Zaggut to Es Sider oil pipeline in eastern Libya occurred, NOC has confirmed . The pipeline transports crude oil to Libya’s largest oil export terminal, Es Sider. Although the pipeline operator, Waha Oil Company, immediately diverted production to another pipeline, NOC expects production losses of 70,000 bpd to 100,000 bpd, Libya’s state oil corporation said on Tuesday. The news of the Libyan oil pipeline blast sent WTI briefly above $60 a barrel on Wednesday. Also on Wednesday, NOC’s chairman Mustafa Sanalla told Reuters in a written reply to questions that “It is estimated that the repair will take about one week from today.” “This will not have a major effect in the marketing program, only […]

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