• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 14 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 13 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 17 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 13 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 22 hours Middle East on brink: Oil tankers attacked off Oman
  • 16 hours Never Knew Gasoline Prices were this important!
  • 15 hours (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
  • 13 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 1 day Middle East Attack Jolts Oil-Import Dependent Asia
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 4 hours Plants are Dying
  • 10 hours We Are Better Than This
  • 1 day Emmissions up, renewables nowhere
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Trending Discussions

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production at the large Sharara oil field, a source close to the issue told S&P Global Platts on Wednesday.

Storage capacity is critically full at the Zawiya terminal which serves the Sharara oil field, according to the source, who added that production at Sharara is expected to be reduced by 50 percent as of Thursday morning local time.

Libyan oil ports in the east—including Es Sider and Ras Lanuf—have been closed due to bad weather, a port engineer told Reuters today, while the airport in the biggest city in the east, Benghazi, is also closed due to bad weather, a source at the airport said.

On Friday, Libya’s National Oil Corporation (NOC) said that several crude oil terminals in Libya were closed due to inclement weather, with oil production in the country already down by 150,000 bpd and likely to drop by a further 50,000 bpd.

The state oil firm confirmed that four oil port terminals—Ras Lanuf, Zueitina, Zawiya, and Es Sider—were non-operational due to high waves. Loading schedules at the closed oil terminals have been postponed, the company noted.

“Projections based on the new production level indicate that Es Sider tanks will be full within two days. Should bad weather persist, 150,000 barrels of Sharara production could also be affected,” NOC said on Friday. Related: OPEC Oil Exports Jump Ahead Of Meeting

The four ports that had been closed on Friday last week just reopened on Sunday, port engineers and a Libyan shipping source told Reuters.

Although the closure will disrupt Libya’s oil production and loading schedules at the key ports, this time it is not due to violence, as it happened in June and July, when armed groups attacked the eastern oil ports in Libya, forcing a large part of Libya’s oil production to shut in and NOC to declare force majeure for several weeks.

As of two weeks ago, Libya was pumping close to 1.3 million bpd, and NOC’s chairman Mustafa Sanalla said that he hoped Libya would be exempted, again, from any new OPEC-wide production cuts.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News