Libya Resumes Operations at Major Ports

Libya Resumes Operations at Major Ports

Libya’s major oil ports of al-Sidra and Ras Lanuf are resuming operations and preparing to export crude after two weeks without activities, Bloomberg reported.

In early March, Libya had halted exports from the ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales.

On Sunday, Libya’s total production rose to 646,000b/d from 621,000b/d mostly due to an increase from Waha Oil Co., Rigzone informed, citing National Oil Corp.’s Board Member, Jadalla Alaokali. Waha Oil feeds into al-Sidra, the country’s biggest oil port.

Staff are returning to al-Sidra and Ras Lanuf, its third-largest, and exports are set to restart in a week to 10 days, Alaokali added.

Furthermore, Waha Oil is soon expected to reach 75,000b/d to 80,000b/d, the level it was at about two weeks ago before fighting broke out near the ports.

Additionally, an oil tanker, still to be nominated, is set to load 1m barrels of crude from al-Sidra late March, according to an anonymous source familiar with the situation.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

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