Libya's worst oil unrest since civil war stores up future trouble

Thu Aug 8, 2013 12:53pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Oil production down 50 pct to around 600,000 bpd-industry source

* Exports less than half of pre-disruption levels

* Es Sider, Ras Lanuf, Zueitina export terminals still shut

* Fresh protests in the east target oilfield output

By Julia Payne

LONDON, Aug 8 (Reuters) - Unrest that has already slashed Libya's oil output to the lowest levels since the 2011 civil war and more than halved its exports is now spreading, with serious implications for its economy, foreign companies and consumers of crude.

In the latest development, field workers at its Arabian Gulf Oil Company (AGOCO), with complaints over management, said late on Wednesday they would cut output by 10,000 barrels per day (bpd) every day their demands are not met.

They join a wave of strikes by oil workers and protests by people demanding work, that began in late July, shutting down the two largest terminals of Es Sider and Ras Lanuf.

The Zueitina port has been closed since mid-July, while workers at Libya's biggest refinery, at Ras Lanuf, are also on strike.   Continued...