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AEC proposal activity continues to grow rapidly in second quarter of 2021 according to the PSMJ Quarterly Market Survey

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Libyan oil minister seeks budget approval to hit 1.5 mln bpd target


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The oil minister in Libya s new Government of National Unity Mohamed Oun, speaks during an interview with Reuters, in Tripoli April 29, 2021. REUTERS/Hazem Ahmed
Libya’s oil production target of 1.5 million barrels per day (bpd) by the end of 2021 depends on parliament approving the national budget quickly, Oil Minister Mohamed Oun told Reuters on Thursday.
Libyan oil output crashed last year when forces allied with eastern commander Khalifa Haftar blocked exports to put pressure on the Tripoli government, but after the fighting stopped, it rebounded to about 1.3 million bpd.
Unfortunately, the adoption of the budget for the Libyan state in general and the oil sector in particular has been delayed and we do not know when it will be approved, Oun said in an interview. ....

Mustafa Sanalla , Khalifa Haftar , Thomson Reuters Trust Principles , Government Of National Unity , Central Bank , Oil Ministry , Petroleum Facilities , National Oil Corporation , Defence Ministry , Oil Minister Mohamed Oun , National Unity , Petroleum Facilities Guards , Thomson Reuters Trust , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , அரசு ஆஃப் தேசிய ஒற்றுமை , மைய வங்கி , எண்ணெய் அமைச்சகம் , பெட்ரோலியம் வசதிகள் , தேசிய எண்ணெய் நிறுவனம் , பாதுகாப்பு அமைச்சகம் , எண்ணெய் அமைச்சர் மொஹாமெட் ௌன் , தேசிய ஒற்றுமை , பெட்ரோலியம் வசதிகள் காவலர்கள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Libyan freight premiums subside amid consistent output | Hellenic Shipping News Worldwide


Libyan freight premiums subside amid consistent output
Freight premiums for Aframax and Suezmax tankers loading from Libya have subsided as the North African producer has once again emerged as the main export hub in the Mediterranean crude market.
Freight rates for voyages out of Libya have been priced at a premium over standard cross-Mediterranean Aframax assessments in the last six months amid geopolitical uncertainty and prompt laycan dates.
However, the premium on Aframax and Suezmax tankers has narrowed since late February, according to S&P Global Platts data. The Aframax Libya-to-Mediterranean run was assessed at w92.5 on March 4, on par with the Ceyhan-to-Mediterranean run. ....

Libya General , Es Sider , Sha Biyat Az Zawiyah , Ras Lanuf , Abu Attifel , Petroleum Facilities , Government Of National Unity , Government Of National Accord , Libyan National Army , North African , Mediterranean Aframax , Aframax Libya To Mediterranean , National Unity , National Accord , Petroleum Facilities Guards , Libyan Aframax , லிபியா ஜநரல் , எஸ் சைடர் , பெட்ரோலியம் வசதிகள் , அரசு ஆஃப் தேசிய ஒற்றுமை , அரசு ஆஃப் தேசிய இசைவு , லிபியன் தேசிய இராணுவம் , தேசிய ஒற்றுமை , தேசிய இசைவு , பெட்ரோலியம் வசதிகள் காவலர்கள் ,