Four Libyan oil export ports reopen after closures for bad weather

Image
Reuters BENGHAZI, Libya/LONDON
Last Updated : Dec 02 2018 | 5:25 PM IST

BENGHAZI, Libya/LONDON (Reuters) - Four Libyan oil export ports that were closed last week because of bad weather have reopened, a Libyan shipping source and port engineers said on Sunday.

Tankers were docking at the eastern Ras Lanuf, Es Sider, Zueitina and Brega ports as well as the western Zawiya terminal linked to the El Sharara field, they said.

On Friday state oil company NOC said bad weather had forced shutdowns at the Ras Lanuf, Es Sider, Zueitina and Zawiya terminals.

Only the western Mellitah port remained closed because of bad weather, the shipping source said.

NOC could not be reached for immediate comment.

The company had said on Friday that production was down by 150,000 barrels per day (bpd), with a a further drop of 50,000 bpd expected because of a lack of storage capacity. Storage tanks at Es Sider are expected to fill within two days.

Production from the country's Sharara oilfield, which exports crude from Zawia, is expected to fall by 150,000 bpd if the bad weather persists, NOC said on Friday.

Libyan oil production recently hit a five-year high of

about 1.3 million bpd.

(Reporting by Ayman al-Warfalli and Ahmad Ghaddar; Writing by Ulf Laessing; Editing by David Goodman)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 02 2018 | 5:19 PM IST

Next Story