Page 10 - AfrOil Week 27 2021

AfrOil PERFORMANCE AfrOil

In May, NOC’s Zawya refinery resumed pro- major local customer that had previously been
duction from both of its units, returning to reliant on imported fuel.
full capacity in excess of 100,000 barrels per NOC does not published oil production data.
day (bpd) in a bid to satisfy domestic demand Although Libya is an OPEC member state, it has
for fuel and reduce Libya’s dependence on fuel been exempt from abiding by the organisation’s
imports. The oil-processing plant sold $18.6mn production quota system, owing to the volatile
worth of fuel to General Electricity Company to political situation that has pervaded the North
supply the Ubari thermal power plant (TPP), a African state until recently. ™

Sonatrach reports exports

up 45% y/y in 5M-2021

ALGERIA THE value of materials exported by Algeria’s Likewise, production of refined fuels rose to
national oil company (NOC) Sonatrach jumped 12.2 mtoe in the first five months of 2021, com-
by 45% year on year in the first five months of pared with 11.8 mtoe in the same period of the
2021, reaching $12.6bn, up from the figure of previous year. Imports of petroleum products
$8.7bn reported for the same period of 2020. fell from 668 mtoe to 112 mtoe during the five-
The increase reflects a jump in export volumes, month interval. ™
which rose to 41mn tonnes of oil equivalent
(mtoe) in January-May of 2021, compared to 33
mtoe the previous year.
Sonatrach also said that it had sold 67 mtoe
of hydrocarbons commercially in the first five
months of the year, up 17% on the year-ago fig-
ure of 58 mtoe. Of the total, some 27 mtoe was
channelled towards the national market in the
first five months of 2021, against 25 mtoe in the
same period of last year.
Meanwhile, the NOC said, production of
hydrocarbons in Algeria increased by 4% year
on year, reaching 78 mtoe during the first five
months of the year. Crude oil accounted for 22%
of the total, while natural gas made up 68%, LPG
5% and gas condensate 5%. Algeria saw hydrocarbon production rise 4% in 5M-2021 (Photo: Sakson Group)

Oil output declining in South Sudan

SOUTH SUDAN SOUTH Sudan’s government has expressed drop of about 14.44%.)
concern about a decline in oil output levels. Chuang stressed that production was not
Awow Daniel Chuang, the undersecretary of slippipng at all fields, pointing to recent events
the Ministry of Petroleum, told Bloomberg last at Block 5A, most of which lies within Unity
week that the country’s largest production sites State. The block recently came back on stream at
were maturing and moving beyond their peak. an initial level of 3,000 bpd, he noted, and may
For instance, he noted, Blocks 3 and 7 in Upper see output climb to 8,000 bpd by the end of the
Nile State have seen yields drop from 120,000 year. “The only potential is Block 5A, which still
barrels per day to 103,000 bpd over the last two remains capped,” he told Bloomberg.
years. Likewise, Blocks 1, 2 and 4 in Unity State He went on to say that South Sudan hoped to
and the Abyei area have reported that yields have reverse the decline by improving recovery rates,
slipped from 53,000 bpd to 48,000 bpd within which currently stand at 23% for Blocks 3 and 7
the same period, he said. and at 33% for Blocks 1, 2 and 4. “Block 3 and 7
Currently, he added, South Sudan is extract- can be increased to 35% [and] Block 1, 2 and 4
ing about 154,000 bpd of oil, down from about to 45%, and this will significantly increase pro-
180,000 bpd two years ago. (This represents a duction rates,” he stated.

P10 www. NEWSBASE .com Week 27 07•July•2021