Libya’s Biggest Port Loads First Oil Tanker Since Clashes

28 Mar 2017   Libya

Libya’s biggest oil terminal loads its first tanker since fighting between armed groups earlier this month halted shipments from two ports in the country with Africa’s largest crude reserves. The Suezmax vessel Demetrios, which can carry as much as one million barrels, loaded from Es Sider for export to China, according to a person familiar with the situation, who asked not to be identified because the matter isn’t public. Fighting between rival groups erupted on March 3, disrupting output and forcing Es Sider and Ras Lanuf, the country’s third-biggest terminal, to halt shipments. Operations at both ports have since restarted after the clashes ended. Libya’s oil production has climbed back to where it was before the battle for control of the ports forced Waha Oil Co. , which feeds Es Sider, to suspend output. The country is producing 700,000 barrels a day and targets 800,000 before the end of […]

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