Tag Archives | Zueitina

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 […]

NOC Declares Force Majeure at 2 more Terminals

The National Oil Corporation (NOC) has declared force majeure on crude oil loadings at Hariga (pictured) and Zuetina oil terminals at 1100 on Monday 2 July, 2018. This suspension of obligations is in addition to the state of force majeure at the Ras Lanuf and Es Sider terminals. Despite warning from NOC of the consequences […]

First Propane Shipment from Zueitina in 4 Years

By John Lee. The National Oil Corporation (NOC) has said it has shipped its first cargo of propane from Zueitina port after protests forced a four-year closure of the gas processing plant. The 61,761 barrels of propane were shipped to Italy. (Source: NOC)

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 […]

South Korean Construction Firms Consider Return to Libya

By John Lee. South Korean construction companies have visited Tripoli to assess whether they can restart work on three power station projects said to be worth LD 4 billion. According to Libya Herald, Hyundai and Doosan were building the 1400-MW Khaleej Power station at Sirte, which began in 2007; Daewoo was building the power station at […]

“No Technical Obstacles” to Oil Output Targets

By John Lee. Libya’s National Oil Corporation (NOC) has said there are no technical obstacles to meeting its short-term production targets of 1.1 to 1.2 million barrels per day (bpd), but adds that output is limited by a dispute with Germany’s Wintershall. In a statement, the NOC said: “Libyan oil production exceeded 800,000 [bpd] for […]

Al-Bayda Oilfield Reopens

By John Lee. Reuters reports that Libya’s eastern Al-Bayda oil field (pictured) returned to production last week after a four-year stoppage. The news agency quotes a a spokesman for the Arabian Gulf Oil Company (AGOCO) as saying that the field is pumping 10,000 barrels per day (bpd) and exporting normally through the ports of Marsa […]