• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 20 hours The United States produced more crude oil than any nation, at any time.
  • 6 days e-truck insanity
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 6 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 9 days Bankruptcy in the Industry

Two Libyan Ports Resume Operations After Protests Stopped Oil Loading

Two of Libya’s key oil export terminals have resumed loading crude on tankers, after protests had stopped operations earlier this week.

The Es Sider and Ras Lanuf oil terminals resumed loading tankers on Friday, Reuters reported, quoting Libya’s National Oil Corporation (NOC) and engineers at the ports.

However, loading operations and exports from a third oil port, Hariga, continue to be blocked due to protests.

The relative stability of Libya’s crude oil production and exports from recent months could abruptly end after protests erupted this week at several key crude terminals, including one that prevented a tanker from loading crude at the biggest oil port.

Protesters at the Es Sider terminal have derailed the loading of a Suezmax tanker, Yannis P, sources familiar with the situation told Bloomberg on Wednesday.

The demonstrators were demanding that NOC’s chairman Mustafa Sanalla resign.

The tension among Libya’s top oil officials escalated at the end of last month when Libyan Oil Minister Mohamed Oun said he had suspended NOC’s chairman Sanalla.

In a separate protest, graduates were protesting at the port of Tobruk in eastern Libya, demanding employment, Argus reported on Tuesday, citing Libyan shipping sources.

The protests at Libyan oil terminals come at a turbulent time for the oil industry of the OPEC member exempted from the OPEC+ cuts.

The tension between Oun and Sanalla has been growing since Oun was appointed oil minister in March in the government of national unity, which includes a post for an oil minister for the first time in five years.

ADVERTISEMENT

Libya will struggle to keep its oil production at current levels if the country fails to resolve a long-running dispute over its budget, Oun told Bloomberg last month. The success of Libyan plans to boost oil production remains in jeopardy due to disagreements over the nation’s budget—the first national budget in nearly a decade.

According to secondary sources in OPEC’s latest Monthly Oil Market Report, Libya’s crude oil production averaged 1.165 million bpd in July, up from 1.163 million bpd in June.    

By Charles Kennedy For Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News