Es Sider To Resume Oil Exports

Es Sider To Resume Oil Exports

Libya’s Es Sider is to resume exports with its first cargo since force majeure was declared on loadings from the port in December 2014. The cargo will be potentially lifted by Libya’s National Oil Corporation (NOC) during November, S&P Global Platts reported.

This came with the restart of production at the eastern Waha fields at around 50,000b/d, with pipelines feeding into the main Eastern oil terminals Es Sider and the nearby Ras Lanuf. A NOC representative said: “the laycan will be during the first [week] of November,” adding that the Es Sider cargo will likely be lifted from nearby Ras Lanuf terminal, according to Hellenic Shipping News.

Ras Lanuf came out of force majeure on September 14 and several cargoes of Sirtica and Amna crudes have since been loaded over the course of the past month. While, loadings from Es Sider port remain suspended due to infrastructure damage, including fire damage that occurred during the civil war over the past few years and has not yet been repaired to enable crude exports.

Crude production in Libya has increased over the past two months, rising to more than 580,000b/d, according to the most recent NOC numbers. However, Libyan oil output has been volatile this year due to violence, political uncertainty, power shortages and technical problems, ranging at times between 230,000b/d and 550,000b/d.


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