Re: Muammar Gaddafi and Libyan crisis
Federate
The Islamist propaganda mouthpiece, Press TV is hardly an impartial source.
NATO have neutralized over 10,000 targets in Libya. So all things considered; the Wests collateral damage has been very low and it's not if though they have being dropping unguided ordnance. and carpet bombing the place.
The problem with Libya is that the rebels are disorganised, mujahideen types and defectors. Nevertheless as long as they manage to hold the front line. They are fairly well placed to partially resume oil exports.
Federate
The Islamist propaganda mouthpiece, Press TV is hardly an impartial source.
NATO have neutralized over 10,000 targets in Libya. So all things considered; the Wests collateral damage has been very low and it's not if though they have being dropping unguided ordnance. and carpet bombing the place.
The problem with Libya is that the rebels are disorganised, mujahideen types and defectors. Nevertheless as long as they manage to hold the front line. They are fairly well placed to partially resume oil exports.
Goldman Sachs: Libya's oil exports could rise by 355,000 b/d
Libya’s oil exports could rise by as much as 355,000 b/d from areas held by forces opposed to the rule of the country’s leader Moammar Gadhafi, according to an analyst report.
“The opposition forces could resume about 200,000 b/d of crude exports as some fields and their related export terminals are largely intact,” said the report by Goldman Sachs Group Inc. “A further 155,000 b/d could potentially be exported at a later stage from a second loading port under their control.”
The report said Libya’s oil exports could climb as high as 585,000 b/d if Gadhafi is removed from power and production resumes from western fields held by his government.
The study, led by analyst David Greely, also warned resumption of the country’s full output of 1.6 million b/d will be much more challenging.
“Not only are the export terminals currently under the control of the Gadhafi government, but news reports also suggest that some of the installations have been severely damaged,” the analysts said.
The report follows earlier predictions by the International Energy Agency that Libya’s oil production for the rest of 2011 will be marginal, with the opposition National Transitional Council (NTC), “perhaps able to export some crude in coming months under NATO protection.”
IEA said Libya’s oil production faces a “long haul” to make a full recovery in the wake of the civil war gripping the country and will not return to its full capacity until 2015.
Libya’s oil production has declined to less than 200,000 b/d from the 1.5-1.6 million b/d produced before the outbreak of hostilities in February.
Libya’s oil exports could rise by as much as 355,000 b/d from areas held by forces opposed to the rule of the country’s leader Moammar Gadhafi, according to an analyst report.
“The opposition forces could resume about 200,000 b/d of crude exports as some fields and their related export terminals are largely intact,” said the report by Goldman Sachs Group Inc. “A further 155,000 b/d could potentially be exported at a later stage from a second loading port under their control.”
The report said Libya’s oil exports could climb as high as 585,000 b/d if Gadhafi is removed from power and production resumes from western fields held by his government.
The study, led by analyst David Greely, also warned resumption of the country’s full output of 1.6 million b/d will be much more challenging.
“Not only are the export terminals currently under the control of the Gadhafi government, but news reports also suggest that some of the installations have been severely damaged,” the analysts said.
The report follows earlier predictions by the International Energy Agency that Libya’s oil production for the rest of 2011 will be marginal, with the opposition National Transitional Council (NTC), “perhaps able to export some crude in coming months under NATO protection.”
IEA said Libya’s oil production faces a “long haul” to make a full recovery in the wake of the civil war gripping the country and will not return to its full capacity until 2015.
Libya’s oil production has declined to less than 200,000 b/d from the 1.5-1.6 million b/d produced before the outbreak of hostilities in February.
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