Libya’s National Oil calls on government to protect oil fields
On Saturday, a fire broke out at the pipeline connecting the Sarir oilfield with the oil port of Hariga in eastern Lİbya. The fire was extinguished on Sunday. Following the fire, Libya’s oil production reportedly declined by 180,000 barrels per day (bpd) to around 200,000 bpd. Libya had a production capacity of 1.6 million bpd before the 2011 rebellion.
Previously, the NOC had announced a force majeure on oil output from the Es Sider and Ras Lanuf oil ports, which have a combined processing capacity of 560,000 bpd, because of ongoing armed clashes in the country.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Premium of HDPE over LLDPE hits 16-month high in Turkey
- Post-holiday hikes carry China homo-PP market to 1-year high
- Asia PVC markets see longest rising streak ever on extreme tightness
- Africa polymers: October offers higher amid reduced availability
- Stable to softer PE trend prevails in Europe amid soft demand, poor netbacks
- Turkey’s PP and PE markets move up, but riddled with uncertainties
- India, SEA PVC markets unlikely to take respite from bullish run for November
- Southeast Asia PET markets move sideways during China’s absence
- Egypt’s import PE market up on tight supply, domestic offers follow suit
- Will European PS, ABS track divergent paths for another month?