. Military Space News .
OIL AND GAS
Fires from militant attacks put out at Libyan oil depots
by Daniel J. Graeber
Washington DC (UPI) Jun 25, 2018

A Libyan oil company announced that blazes at oil storage tanks at a depot in eastern Libya have been safely extinguished following mid-June militant attacks.

Anti-government forces loyal to militia leader Ibrahim Jadhran stormed oil infrastructure at the Sidra and Ras Lanuf terminals earlier this month. Two storage tanks at Ras Lanuf were left ablaze and the fires had threatened nearby infrastructure.

The Libyan National Oil Corp. said the damage was "catastrophic." Workers were evacuated from both terminals and the company declared force majeure on exports.

Force majeure is a contractual condition related to circumstances beyond the control of the parties involved. Libyan oil storage capacity declined from 950,000 barrels to 550,000 barrels as a result of the damage. The loss in oil production was around 240,000 barrels per day, about a quarter of Libya's recent production level.

Fighters from pro-government forces recaptured the storage depots in eastern Libya last week. The NOC announced Sunday that blazes at two of the storage facilities at Ras Lanuf have been extinguished.

"NOC thanks all Libyan soldiers, firefighters and maintenance crews across the country that put themselves in harm's way to save the livelihood of the Libyan people," its statement read.

The U.S. government, which contributed to NATO-led efforts to restore security in the wake of civil war that led to the downfall of Moammar Gadhafi, condemned actions led by Jadhran's militia. Heather Nuart, a spokeswoman for the U.S. State Department, said Libya's "oil facilities, production, and revenues belong to the Libyan people."

Libyan oil production has been hampered by conflicts stemming from civil war that erupted in the wake of the Arab Spring movements earlier in the decade. Intense fighting near export terminals in early 2015 left oil storage depots ablaze and shut in exports for about a month.

Libya is a member of the Organization of Petroleum Exporting Countries and on the sidelines of a collective agreement to curb production to stabilize a market recovering from the collapse in oil prices in early 2016.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Moon suggests Russian gas be piped to Koreas, Japan
Seoul (AFP) June 20, 2018
New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested Wednesday. President Moon Jae-in was speaking to Russian news media before a three-day visit to Moscow starting Thursday, with the presidential Blue House releasing the transcript. Russia and South Korea agreed in 2008 to lay gas pipelines through the North to bring Russian natural gas to the South. But the project failed to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Japan says halting missile drills after Trump-Kim summit

Lockheed tapped for Aegis combat system development, support

China Working Toward Next-Gen Quantum Radar to Track Ballistic Missiles

Saudi Arabia says new Yemen missile intercepted

OIL AND GAS
Pentagon contracts for guided-missile launchers, components

Lockheed Martin's Miniature Hit-to-Kill Interceptor matures to development stage

Parts of Yemen missiles fired at Saudi Arabia were Iranian-made

New hypersonic missiles guarantee parity with US: Putin

OIL AND GAS
Pentagon contracts for 'surge support' for MQ-9 Reaper drones

NASA flies large unmanned aircraft in public airspace without chase plane for first time

General Atomics to upgrade radar on Reaper drones

Germany agrees to lease Israeli-made drones: manufacturer

OIL AND GAS
New Land Mobile Technology Driving The Need For Modern Satcom Capabilities

On-the-move communications system set to field this fall

Lockheed Martin's 5th AEHF comsat completes launch environment test

IAP Worldwide Services tapped for satellite systems

OIL AND GAS
Army contracts DRS for Abrams tank support

Americans own 40 percent of world's firearms: study

Army taps BAE for new Bradley vehicles

TNT could be headed for retirement after 116 years on the job

OIL AND GAS
Switzerland wants to sell arms to states in 'internal conflict'

New EU 'peace fund' could buy weapons

EU set to shut UK, US out of defence fund: officials

Bulgaria OKs spending on new fighter jets, armoured carriers

OIL AND GAS
NATO will show unity despite differences: Stoltenberg

Germany, France and eurozone reform ideas

Erdogan takes 'crazy projects' to new level with Canal Istanbul dream

Moscow slams Norway plans to double US troop presence

OIL AND GAS
Squeezing light at the nanoscale

A new way to measure energy in microscopic machines

AI-based method could speed development of specialized nanoparticles

Researchers use magnets to move tiny DNA-based nano-devices









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.