Some Libyan Oil Facilities Restart Operations

Workers at Libya’s major Sharara field have restarted operations. (AFP file photo)
Workers at Libya’s major Sharara field have restarted operations. (AFP file photo)
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Some Libyan Oil Facilities Restart Operations

Workers at Libya’s major Sharara field have restarted operations. (AFP file photo)
Workers at Libya’s major Sharara field have restarted operations. (AFP file photo)

Workers at Libya’s major Sharara field have restarted operations, two engineers working there said, after National Oil Corporation (NOC) announced a partial lifting of force majeure.

They said flaring had restarted at the field and shared a video of it, and added that engineers had been returning to the area since Wednesday.

It was unclear when production might restart and there was no immediate comment from the NOC.

Two other NOC companies said they had issued directives to staff to start working to prepare to recommence production as soon as possible.

Libya’s oil sector has stood almost entirely quiet since January, when eastern-based forces loyal to Khalifa Haftar imposed a blockade on energy exports during their ultimately foiled assault on Tripoli.

Haftar said on Friday the blockade would be lifted.

On Saturday, the NOC lifted force majeure on what it described as “safe” fields and ports but not on any where fighters remain, though it did not name these. The NOC has said facilities were degraded during the shutdown and during years of conflict, which could slow any recovery.

Sharara has been plagued by security problems in recent years that have caused repeated full or partial shutdowns. The field is operated by the NOC in a joint venture with Spain's Repsol, France's Total, Austria's OMV and Norway's Equinor.

Elsewhere, Arabian Gulf Oil Co (AGOCO), an NOC company that had been producing around 300,000 barrels per day early last year, said it was ordering staff to start operations to prepare for a resumption in output as soon as possible.

Sirte Oil Co, another NOC company, said it had issued a directive to all staff to take the necessary measures to prepare for the start of production as soon as possible.



Vale Partners with China’s Jinnan Steel to Build Iron Ore Processing Plant in Oman

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
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Vale Partners with China’s Jinnan Steel to Build Iron Ore Processing Plant in Oman

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore beneficiation plant in Oman to produce high quality pellet.

With the front-end investment exceeding $600 million, the plant, which will be located in Oman's Sohar port and free trade zone, will provide higher quality iron ore for producing pellet and hot briquetted iron (HBI) locally, reducing environmental impact, Vale said in a statement on its WeChat account.

The Sohar plant is scheduled to start commissioning in mid-2027, processing 18 million metric tons of iron ore annually to produce 12.6 million tons of high grade concentrate, it said.

"We are strengthening our capability to meet rising global demand for high grade iron ore and further expand our exposure in the Middle East region," said Gustavo Pimenta, chief executive officer (CEO) at Vale.

Vale will invest $227 million for the connection of the beneficiation plant and the pellet and HBI production facility while Jinnan Steel, a private steelmaker headquartered in north China's Shanxi province, will invest about $400 million for the building and the operation of the plant.

Vale did not disclose the equity share held by each party.