Explosion at major oil pipeline in Libya - News Summed Up

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Explosion at major oil pipeline in Libya


Armed attackers blew up a major oil pipeline in Libya on Tuesday, military and oil sources said. The pipeline feeds into the central distribution station of Es Sider port on the Mediterranean Sea. The state-run National Oil Corporation said in a statement that oil flow had been reduced by about 70,000-100,000 bpd. The pipeline is operated by Waha, a subsidiary of the National Oil Corporation (NOC) and a joint venture with Hess Corp, Marathon Oil Corp and ConocoPhillips. Libya produces about 1 million barrels of per day, but production is often cut due to sabotage, politics and instability.


Source: Libya Today December 26, 2017 15:05 UTC



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