Libya’s state-owned National Oil Company (NOC) last month confirmed that the country’s Zueitina, Marsa el-Brega, and Marsa el-Hariga terminals would resume crude loading for exports in October after the UN-backed Government of National Accord (GNA) and Khalifa Haftar’s Libyan National Army (LNA) reached an agreement to lift the months-long oil blockades on western crude fields and onshore eastern ports since the start of 2020.
LNA-backed militias have intermittently blocked all of Libya’s onshore eastern ports, leaving only offshore Farwah and Bouri terminals operational. Shipping and trading sources estimated that the North African country would ship at least 240,000 bpd of crude this month. Export schedules show the Zueitina terminal will load two 1 million barrel shipments and three 600,000-barrel cargoes. The Marsa el-Brega terminal will load three 600,000-barrel shipments, while schedules for the Marsa el-Hariga terminal remained unavailable.
Meanwhile, the Farwah and Bouri terminals will ship three 600,000-barrel cargoes. So far NOC has maintained force majeure on oil exports from the eastern ports of Ras Lanuf and Es Sider. The Zawia and Mellitah terminals are open, but no exports are scheduled yet because the associated El Sharara and El Feel fields remain shut.
Tags: Africa,AlwaysFree,Crude Oil,English,Middle East
Published on October 2, 2020 3:55 PM (GMT+8)Last Updated on October 2, 2020 3:55 PM (GMT+8)
