Libya Shipped Oil from Zueitina

Libya Shipped Oil from Zueitina

Libya’s Zueitina oil terminal loaded its first cargo since 2015 with 800,000 barrels of oil for export to China. Ionic Anassa tanker, loaded with the shipment, departed the terminal in early October, reported Reuters.

At the time of the report, Libya’s national oil production stood between 505,000 b/d and 510,000 b/d. The reopening of Zueitina, among other terminals, has helped boost Libya’s oil production, which had been slashed to a fraction of the 1.6mb/d that the OPEC member was producing before its 2011 political unrest, according to The Digital Journal.

The National Oil Company has said it hopes to raise production to as much as 900,000b/d by the end of 2016. However, reaching this target will depend on funding for operating costs and the reopening of other blockaded pipelines in western Libya.

Zueitina is one of three previously locked-down ports in Libya’s oil crescent region that had reopened in September after forces loyal to eastern commander Khalifa Haftar took control of the terminals. The terminal had been shut since early November 2015, and Ras Lanuf and Es Sider since December 2014. Exports have already resumed at Ras Lanuf but are yet to restart at Es Sider, which was badly damaged in fighting.


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