World Bulletin/News Desk
Libya has begun importing diesel and fuel oil to keep power plants operating after protests closed most of the gas fields in its eastern region which usually supply them, an industry executive said on Monday.
No end is in sight to the worst disruption to Libya's oil industry since the civil war in 2011 as armed groups, security guards and oil workers with tribal loyalties shut down pipelines and oil ports across the country.
A National Oil Company senior official said Libya had imported at "least three times the quantities of liquid fuel" than usual in order to keep power plants operating.
"All the gas in the eastern part has stopped," said the official, who requested anonymity.
The official said that a vessel that had loaded 600,000 tonnes of crude from Brega port, which shipping sources said was the Eagle Trenton, had been asked by NOC to go to Zawiya port in the west because it was needed to supply its 120,000 bpd refinery, the biggest near the capital Tripoli.
The official said the Wafa gas field which produces around 13 million cubic metres per day in a joint venture with Eni was providing some relief for Libyan power plants that run on gas.
"We told the customer we cannot deliver the cargo because we needed it for domestic consumption," the official added.
Amazon on course to join Apple as world’s only companies worth over $1 trillion
The "informed source" in Iran's oil ministry did not give details of the discount, but sought to downplay the move as common industry practice.
Finance Minister Siluanov terms US dollar a 'risky tool' for payments in international trade
3 banks' net profits stand at $1.95 billion in first 6 months of 2018
Two discuss 'issues on common agenda' of Turkey and Iran
BIST 100 index down 1.35 pct at open with 1,300-point drop from Wednesday's close
BIST 100 climbs 0.17 pct, while Turkish lira gains value against foreign currencies
Banks' reserve requirement limit is lowered by Central Bank
BIST 100 index goes down 0.33 pct, falling over 300 points from previous close
Agency will be formed with partnership from BRICS countries who often face sanctions from West, banker says
Industry minister says new project-based incentive system to contribute in reducing current account deficit by $1.2B
Food and Agriculture Organization food price index falls 3.7 pct in July month-on-month
Yearly increase in consumer prices at 15.85 percent in July, up from 15.39 percent in June, according to official data