Waha Oil's pipeline in Libya has been closed due to a strike and protests at its Gialo field.
Bloomberg quotes Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi], as saying that this will result in a cut in the country’s crude output of 120,000 bpd.
The field feeds crude into a pipeline that runs to the Es Sider export terminal.
Waha Oil is a partnership between the National Oil Corporation (NOC), ConocoPhillips, Hess and Marathon Oil.
Truck drivers who transport jet fuel to Benina Airport in the eastern city of Benghazi are also on a walkout, forcing the government to bring product from the capital Tripoli at a higher cost to ensure the operations of flights at the facility, al-Arusi told reporters yesterday.
"We are able to use force if these strikes continue to impact important facilities," al-Arusi said. "These impact the lives of citizens and Libya’s relationship with foreign companies."
Prime Minister Ali Zaidan said that halting oil production is a "crime punishable by law," according to Libya’s official news agency LANA.
(Source: Bloomberg)
