Es Sider crude oil loadings not interrupted by pipeline explosion: traders

28 Dec 2017   Libya

Trading sources said Wednesday that crude cargoes at Libya’s Es Sider port were still loading without any interruption, following the news that there had been an explosion on one of the pipelines feeding into the grade on Tuesday. “Knowing how much oil is in stock [at the port] at the moment, I would be surprised if there are delays [immediately] — production is reduced but we haven’t heard yet about how it will affect January loadings,” said one Mediterranean sweet crude trader. Libya’s National Oil Corporation (NOC) confirmed the explosion in a statement on its website, saying: “The National Oil Corporation confirms an explosion on the Zaggut to Es-Sider oil pipeline. The line connects the fields to Es-Sider oil terminal and is operated by the Waha Oil Company. Early investigations revealed that the explosion occurred on the line 15 km north of Marada town and 130 km south of […]

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