Oil production resumes in Libya

2011-09-26 14:16

Rome - Libya has resumed oil production for the first time since the civil war, tapping 15 wells and producing some 31 900 barrels per day, Italian energy giant Eni said on Monday.

Eni said production had resumed at the Abu-Attifel fields, about 300km south of the city of Benghazi. Other wells would be reactivated soon to reach the "required volumes to fill the pipeline" between the Abu-Attifel field and the Zuetina port.

The operations are being conducted by Mellitah Oil & Gas, a partnership between Eni and Libya's state-run National Oil Corp.

Before the protests against Libyan strongman Muammar Gaddafi in mid-February morphed into a full-scale civil war, Eni was producing 273 000 barrels of oil equivalent per day in Libya. The country sits atop Africa's largest proven reserves of conventional crude.

With a small population of only six million, Libya raked in $40bn last year from oil and gas exports. Experts say it could take about a year or more to get back to its pre-war production of 1.6 million barrels a day.

Earlier this month, Eni CEO Paolo Scaroni visited Tripoli to lay the groundwork for re-launching gas exports to Italy via the Greenstream pipeline, which can carry roughly 10 billion cubic meters of natural gas per year. It hasn't been operational since late February.

Scaroni has set October 15 as an optimistic deadline to restart the gas flow.

  • Poloyatonki - 2011-09-26 14:22

    I guess the west is smiling, now Lybia will be milked dry by evil west.

      Tolerant - 2011-09-26 14:31

      Oil went to the west before, nothing has changed. Libya only produced 2% of the world's oil, but it might increase now. Gadaffi held back his country.

      nosiphom - 2011-09-26 14:34

      And being the human rights police of the world helps us how? By the way American Drones fired on Islamist extremists in Somalia, and the Africans are doing what ? the West is giving aid to starving Somalis whilst the Africans do what ? Give us a break about the evil west and your good Africns !

      King Msendi - 2011-09-26 14:39

      @nosiphom… people like gift of the givers are from the West???? just asking… ;-)

      Poloyatonki - 2011-09-26 14:52

      nosiphom... Africa gives the west minerals, in return they give us aid and weapons, how fair is that really????

      slg - 2011-09-29 05:59

      Poloya, you're in massive victimhood. As long as you hold onto those distorted victim beliefs you will never, ever, ever, be successful.

  • Buic Unix - 2011-09-26 14:22

    interesting how OIL is the center of everything here!!

  • Amu Maboya - 2011-09-26 14:35

    This whole attack was all about oil

      Tolerant - 2011-09-26 15:20

      The UN freed Libya from an evil regime.

      slg - 2011-09-29 06:01

      Regrettably you've missed the whole point of events in Libya.

  • Anton - 2011-09-26 15:34

    Even oil for Libya's own consumption, needs to be drilled and refined by one of the large European or American oil companies. They are the ones with the expertise!!! And "giving" it away? WHY WOULD THEY ??????? Did SA , after we got a democratic government, "give away" its gold????? Its just some anti Western BS story!!!!

      Martin du Plessis - 2011-09-26 16:05

      It always is. The fact that it does not make any logical sense in a rational world makes no diff for the anti-west arlgarbl brigade.

  • marco - 2011-09-26 16:53

    So far the NTC,who are still based in the eastern city of Benghazi by the way,has faced serious questions about whether it can unify Libya,a country divided on tribal lines.That long-promised attempt of an inclusive interim government fell apart overnight.The NTC forces were unable to approach the northern gate of Bani Walid,150 km(95 miles)southeast of Tripoli,because of heavy gunfire from Gaddafi loyalists.Other reports says it's because of tensions between units drawn from Bani Walid itself and those from other parts of the country.Some NTC fighters openly disobey orders from their bosses. How much credibility does the NTC have in and outside of Lbya?There are many scenarios here still to play out,but with Gaddafi gone from power it seems most of these are positive IE pumping oil out-and the NTC appears hellbent on breaking the impasse by moving forward hastily in setting out their new government. A bit of a joke this NTC is.Here's why:"There's no electricity,no phone services.Nothing,"one resident Ibrahim Ramadan said standing by a car packed with his family at a checkpoint.Residents said homes had been destroyed and cars smashed to pieces as disorder spread through the city."People are fed up. There are explosions going off everywhere and you don't know where the bullets will come from next," said Abubakr, a resident making his way out of the city."Look at this," he said,pointing to a bullet hole in his windshield.

  • marco - 2011-09-26 16:54

    "Bullets are coming down from above.People are just firing randomly from everywhere." The political infighting in Libyan politics reveals some of the fractures in an alliance that was united in civil war by hatred of Gaddafi but remains split among pro-Western liberals,underground Islamist guerrillas and defectors from Gaddafi's government. The NTC has its roots in Libya's east,but most of the militiamen who finally succeeded in driving Gaddafi out of Tripoli are from towns in the west.Still many Libyans say they can tolerate confusion among the new rulers as the price of getting rid of Gaddafi,who have crushed all opposition during four decades of rule.

      rightguard - 2011-09-26 19:42

      What a pleasure to read a post like this.Factual and informative.Marco,it would be interesting to observe how post-Gaddafi Libya will be portrayed compared to the picture we received in post-Saddam Iraq from the Western media.Saddam split the Western alliance whereas Gaddafi united them.Your post above penetrates the veneer that all will be well in Libya soon.I doubt it.The place has been bombed to smithereens by Nato in some areas.Why is there no electricty and communication services?Why would Gaddafi forces or the NTC bombed their own infrastructure only for them to rebuild it later at great costs? Some disturbing questions which the likes of the BBC,Aljazeera,Guardian,NYTimes,etc will not bring to the attention of their viewers and readers.

  • pages:
  • 1