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DewDiligence

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DewDiligence

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Re: ilpapa post# 7975

Monday, 04/14/2014 3:38:38 PM

Monday, April 14, 2014 3:38:38 PM

Post# of 29346
Good news for HES—Libyan production may be back online soon:

http://online.wsj.com/news/articles/SB10001424052702303887804579499283118174854

An oil terminal in eastern Libya, which has been occupied by rebels, is on the cusp of loading its first tanker since the takeover, and another terminal has restarted operations, an oil official said Sunday.

The news is the latest sign Libya's embattled oil industry could be on its way back to recovery follows a deal between the government and the rebels who had occupied terminals in eastern Libya since the summer seeking greater autonomy in the region…

As noted in #msg-96547320, HES’ production guidance for 2014 included zero barrels from Libya.

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