Tag Archives | oil exports

Strike Delays Loading at Zawiya Oil Port

By John Lee. A strike by workers protesting over salaries at the oil port of Zawiya has reportedly delayed the loading of oil on Monday. The port exports crude oil from the giant El Sharara field. Sources told Reuters that negotiations were under way to resolve the dispute. (Source: Reuters)

PetroChina “to buy Libyan Oil”

By John Lee. PetroChina has reportedly agreed an annual contract with Libya’s National Oil Corporation (NOC) to buy Libyan crude oil. Bloomberg cites sources as saying that this would be the company’s first contract with the NOC since 2013. (Source: Bloomberg)

Disruption at El-Fil hits Oil Exports

By John Lee. The National Oil Corporation (NOC) has declared force majeure on the 70,000-bpd el-Feel [El-Fil, Elephant] field from Friday February 23, 2018, following the shutdown of the field and the evacuation of its employees. A statement from the NOC said the actions were taken after members of the Fezzan unit of the Petroleum […]

Shell, BP to Buy Libyan Crude

By John Lee. Bloomberg reports that Shell and BP have agreed annual deals to buy Libyan crude oil. Sources told the news agency that Shell’s deal is the first of its kind since 2013, and that the first cargo of 600,000 barrels will start to be loaded from Zueitina port on Saturday. BP, which didn’t […]

Shell Buys from Libya after 5-Yr Absence

By John Lee. Shell has reportedly lifted a cargo of 600,000 barrels of crude oil from Zueitina port, its first from country in 5 years. While not giving any specific details of the deal, a Shell spokesperson said the company’s Shell International Trading & Shipping (STASCO) said “has a history marketing Libyan crudes. We welcome […]

Rosneft starts to Lift Oil from Libya

By John Lee. Russia’s Rosneft has started to lift oil from Libya. Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), told reporters on Monday: “It is a one year contract and they are lifting one-two cargoes on a monthly basis.” (Source: Reuters)

Tankers Seized after Shootout at Sea

By John Lee. Libya’s coastguard has reportedly seized two foreign-flagged tankers for allegedly smuggling oil. Following an hours-long gun battle off the coast, near Zuwara, the coastguard boarded the two tankers. One vessel, the ‘Ruta‘, was flying the Ukrainian flag, while the other, the ‘Stark‘, flew the Congolese flag. (Source: Al Jazeera)

NOC warns Oil Market against Illegal Contracts

By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]