Tag Archives | ports

Major Libyan Port Project Agreed

Historic Economic Agreement Unites Libya’s East and West in the Development of One of North Africa’s Largest Deep-Sea Ports International investment firm, The Guidry Group, announced this week that Libya’s government authorities in the East and West have come together and formally agreed to jointly support what will become one of North Africa’s most highly-automated […]

Libya announces Reopening of Oil Terminals

The National Oil Corporation (NOC) has announced the lifting of force majeure at the ports of Ras Lanuf, Es Sider, Hariga (pictured) and Zuetina after the facilities were handed over to the corporation this morning, July 11, 2018. In a statement, the NOC said: “Production and export operations will return to normal levels within the […]

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)

Benghazi Port Reopens after Three Years

By John Lee. Benghazi’s shipping port reopened on Sunday following a three-year closure. The port is used for general cargo, and to import gas and some refined petroleum. It closed in 2014 due to fighting between rival factions. Benghazi’s airport reopened in July. (Source: Reuters)

LNA Launches Offensive to Recapture Ras Lanuf

By John Lee. The Tobruk-based Libyan National Army (LNA) launched a military offensive this morning to recapture the oil port of Ras Lanuf. The port, along with the port of Es Sider, was recently taken over by the Benghazi Defence Brigade (BDB). Libya analyst Mary Fitzgerald describes the BDB as “comprised of a number of […]

AGOCO Oil Output Increasing

Libya’s Arabian Gulf Oil Company (AGOCO) has increased crude oil production from about 150,000 bpd to 320,000 bpd since Khalifa Haftar’s Libyan National Army (LNA) took control of some of the country’s main oil terminals last month. Chairman Mohamed Shatwan told Reuters that he plans to reach 350,000 bpd by the end of the year, […]

Video: Oil Exports Resume after Haftar Takeover

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Oil exports in Libya have resumed from the port of Ras Lanouf for the first time in three years. The shipment follows the recent takeover of vital oil terminals by the forces of renegade […]