Libya: Tankers to load 2 mln barrels of oil in Eastern ports

Tankers to load 2 mln barrels of oil in Eastern portsThree tankers have moored at the eastern Libyan ports of Hariga and Brega to load two million barrels of crude, oil officials said on Sunday.

A tanker docked at Hariga to load 700,000 barrels, one official said. A second tanker had loaded 600,000 barrels at Brega on Saturday, while a third would load 600,000 barrels this week, also at Brega, a second official said.

According to press reports, Eastern export terminals (Es Sider, Ras Lanuf and Zueitina) remained closed because pipelines have been blocked by protests or the insecurity prevailing in the country since Muammar Gaddafi was toppled in 2011.

According to Mashallah Zwai, the oil minister in one of the country’s rival governments which controls Tripoli, Libya is currently producing nearly 400,000 barrels of crude a day.

Authorities shut down Libya’s biggest steel firm this week due to electricity shortages after fighting and lack of spare parts disrupted the power grid.

More than half of Libya’s output comes from the eastern state oil firm AGOCO, a subsidiary of the national oil firm NOC. It runs the Hariga port and the Sarir field, the country’s biggest.

AGOCO had last put its production at 220,000 bpd, below the previously reported range of 250,000 and 290,000 bpd which explains the slight dip in national output.

About Khalid Al Mouahidi 3696 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network