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Libya: Oil Output, Revenue Losses Mount
...untry and have been shut in since the declaration of force majeure at Ras Lanuf and Hariga ports. NOC pegs lost Agoco output at 300,000 b/d, although this is likely an overstatement given chronic power problems have dogged output at the key Mesla and Sarir fields ever since Libya’s 2011 revolution. Za...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
Lebanon’s Recurring Power Nightmare
...re actually from Egypt via the Arab Gas Pipeline (AGP) project (MEES, 26 October 2009). Per the deal’s terms, government officials estimated that if all three units at Deir Ammar were converted to run on gas it would save around $240mn a year with Brent at $75/B. Egyptian gas imports ceased in 2011...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018