MOSCOW (MRC) -- Libya’s National Oil Corp (NOC) said the North African state’s current levels of oil production are down to 97,508 barrels per day as of March 11, reported Reuters with reference to a statement on the state-owned company’s Facebook.
The decline in output, it said, resulted in losses exceeding USD3 billion since Jan. 17, following a blockade of ports and oilfields by groups loyal to eastern-based commander Khalifa Haftar.
As MRC wrote before, Eni’s oil production in Libya halved to around 160,000 barrels per day, according to the Italian major’s chief executive's February statement. Eni is the biggest foreign oil producer in Libya.
We also remind that in H1 September 2019, Italy’s Versalis (part of Eni) took its cracker in Dunkirk, France offline due to a fire which broke out at the company’s petrochemical plant. Local media sources also reported that the fire was brought under control with no reported injuries and the company is currently assessing the required repairs.The cracker has a production capacity of 380,000 tons/year of ethylene and 95,000 tons/year of propylene.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
MRC