Zueitina Port Resumes Oil Exports

Bloomberg reports that the Zueitina port has re-opened for crude oil exports, with a ship scheduled to load 700,000 barrels.

The shipment of Abu Attifel grade crude oil, delayed by bad weather, would mark the first crude export from the port since it was closed at the end of last year, when protesters prevented employees from going to their offices.

The terminal handled about 150,000 barrels of exports a day in 2010.

Libya’s oil production dipped last month to 1.1 million barrels a day, from December’s level of 1.43 million, in part because of the Zueitina protests, according to a Bloomberg survey of producers and analysts.

(Source: Bloomberg)

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