August 20, 2008 / 3:47 PM / 10 years ago

Petro-Canada says Libya ops not affected by fire

CALGARY, Alberta, Aug 20 (Reuters) - Petro-Canada PCA.TO said on Wednesday that a fire at oil storage tank at a Libyan petrochemical and refining complex has not affected its field operations in the North African country.

The company, Canada’s No. 4 oil producer and refiner, said the fire in a 450,000 barrel oil-storage tank at the Ras Lanuf complex was not affecting the company’s operations and is not expected to have a financial impact, according to Petro-Canada spokesman Tom Carney.

“It’s having no effect on our field production, we are producing normally,” he said. “The financial impact on us, as far as we understand, is minimal.”

Carney said the tank is owned by Harouge Oil Operations, a joint venture with Libya’s National Oil Co, 49 percent owned by Petro-Canada.

Petro-Canada also has a stake in the Ras Lanuf export terminal.

In June, Petro-Canada signed six long-term exploration and production deals with Libya’s state oil company that would see the joint venture spend $7 billion on an oil field redevelopment program and double production to 200,000 barrels a day over the next five to seven years. (Reporting by Scott Haggett; editing by Rob Wilson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below