Libyan NOC and Oil Guards to Reopen Major Oil Export Terminals

Libyan NOC and Oil Guards to Reopen Major Oil Export Terminals

Libyan major export terminals, Ras Lanuf and Es Sider, are to be reopened by oil guard brigades and unity government state oil company, NOC, in efforts to pump crude oil again. The export terminals have been closed since 2014, reported Reuters.

According to Kallanish Energy, reopening the two ports would restore a potential of 600,000 b/d of the country’s crude export capacity. “The commander of Petroleum Facilities Guards (PFG), Ibrahim Jathran, has announced that oil will be pumped soon and oilfields of the oil crescent [region] will be also prepared to resume work,” PFG spokesman said.

The National Oil Company announced a joint agreement, merging with a rival energy company set up in the east by Libya’s eastern government, a move seen by analysts as a step towards restoring order to the industry. The North African country is aiming to bring crude output production back to pre-revolution levels.

Since 2014, the exports had been blocked due to the conflict between the internationally recognized Tripoli-based NOC, and the national corporation in the east. However, both bodies approved a unified oil structure following talks in Vienna in May.


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