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Libya's Waha Oilfield Resumes Flows to Es-Sider Port

A general view of an oilfield in Libya, December 3, 2014. REUTERS/Ismail Zitouny/
A general view of an oilfield in Libya, December 3, 2014. REUTERS/Ismail Zitouny/
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Libya's Waha Oilfield Resumes Flows to Es-Sider Port

A general view of an oilfield in Libya, December 3, 2014. REUTERS/Ismail Zitouny/
A general view of an oilfield in Libya, December 3, 2014. REUTERS/Ismail Zitouny/

Maintenance on the Zaggut-Sidra pipeline linking Libya's Waha oilfield to the port of Es-Sider has been completed and flows have resumed, Waha Oil Company said on Friday, Reuters reported.

Oil production from the field is expected to return to normal levels in the coming hours, the company said in a statement.

Production was suspended for maintenance early this week after a fire broke out at the pipeline.

Pumping operations have now been restored "after completing all maintenance work, replacing pipes, and conducting the necessary tests to ensure the safety of pumping operations through the pipeline from the fields to Es Sider port," Waha Oil said.

An engineer from Es Sider port told Reuters that one tanker is currently onloading in the port and another is waiting to enter the port.

Waha, a subsidiary of Libya's National Oil Corp (NOC), operates as a joint venture with TotalEnergies and ConocoPhillips.

The company runs five main fields: Waha - which produces more than 100,000 bpd - Gallo, Al-Fargh, Al-Samah and Al-Dhahra.

The company's total production capacity is about 300,000 bpd, which is exported through Es Sider terminal.

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Russia Readies for ‘Decades’ under Western Sanctions

Russian President Vladimir Putin (L) chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence, outside Moscow, Russia, 16 August 2024. EPA/ALEKSEY BABUSHKIN/SPUTNIK/KREMLIN
Russian President Vladimir Putin (L) chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence, outside Moscow, Russia, 16 August 2024. EPA/ALEKSEY BABUSHKIN/SPUTNIK/KREMLIN
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Russia Readies for ‘Decades’ under Western Sanctions

Russian President Vladimir Putin (L) chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence, outside Moscow, Russia, 16 August 2024. EPA/ALEKSEY BABUSHKIN/SPUTNIK/KREMLIN
Russian President Vladimir Putin (L) chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence, outside Moscow, Russia, 16 August 2024. EPA/ALEKSEY BABUSHKIN/SPUTNIK/KREMLIN

Economic sanctions imposed by the West on Russia will remain in place for decades, even if there is a peaceful settlement in Ukraine, a senior Russian foreign ministry official said on Friday.
Russia became the most sanctioned country by the West after its invasion of Ukraine in February 2022, surpassing Iran and North Korea. Despite the pressure, Russia's economy grew by 4.7% in the first half of this year.
"This is a story for decades to come. Whatever the developments and results of a peaceful settlement in Ukraine, it is, in fact, only a pretext," said Dmitry Birichevsky, head of the economic cooperation department at the foreign ministry.
"The sanctions were first introduced much earlier. Their ultimate goal is unfair competition," he told a discussion forum in Moscow, according to Reuters.
The panel, entitled "Sanctions against Russia - forward into infinity?" was part of a wider debate in Russian politics and business about whether Moscow should work towards an easing of sanctions or accept them as a long-term reality and learn to work around them.
Russian President Vladimir Putin has said the removal of all sanctions imposed on Russia would be among his conditions for peace. Many Russian businessmen are privately unhappy about the sanctions but fear losing their wealth if they antagonize Putin or top military and intelligence officials during wartime.
Last week, billionaire Oleg Deripaska faced a backlash from hawks after making a rare anti-war statement, describing the conflict as "mad" and calling for a ceasefire without preconditions.
Birichevsky said sanctions had some benefits, forcing Russia to restructure its economy and produce more value-added goods that were previously imported from Western countries.
"In the 1990s, we thought that if we had oil and gas, we could buy everything else abroad. Now we cannot buy that," he said.
He warned that the "sanctions spiral" would continue to inflict more pain, as Western regulators target sectors that are not yet sanctioned.
Western officials have exerted pressure on Russia's trade partners, threatening to cut off their access to Western markets if they cooperated with Russia, Birichevsky added.
He said Moscow was sharing strategies with other sanctioned countries such as Iran, North Korea, and Venezuela, aiming to create an international "anti-sanction" coalition to jointly resist Western pressure.