Libya Starts Repair at Es Sider Oil Port

Libya Starts Repair at Es Sider Oil Port

Libya has started maintenance work at Es Sider port, the nation’s largest oil export terminal, as part of plans to increase output from Africa’s biggest holder of crude reserves, reported Bloomberg.

The repair work is in preparation to resume operations from the terminal after ending the blockade that halted exports since December 2014.  In late July, the Libyan UN-backed unity government reached an agreement with the Petroleum Facilities Guards (PFG) to reopen Es Sider and Ras Lanuf ports for exports scheduled to be launched in August.

According to Libyan Express, the port belongs to the Waha Oil company, which plans to bring Es Sider exports to 75,000 b/d within a year of resuming operations, with an overal capacity of up to 340,000b/d.

Libya is seeking to boost crude production to the levels of as much as 1.78 mb/d of crude pumped in 2008. In July, the north African nation’s oil output amounted to merely 300,000 b/d.


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