Largest Oil Export Terminals Closed Again

Striking security guards have again stopped loadings at Libya’s two largest crude oil export terminals, Es Sider and Ras Lanuf,reports Reuters.

The Es Sider terminal is operated by the Waha Oil Company, a joint venture between Marathon, Hess and ConocoPhillips with Libya’s state National Oil Corporation (NOC), while Ras Lanuf port is operated by Harouge Oil Operations, a joint venture between Canada’s Suncor and the NOC.

The two ports have a combined export capacity of around 600,000 bpd. Approximately 15 tankers are said to be waiting outside the two ports.

Operations had resumed briefly on Sunday following a two-week stoppage.

(Source: Reuters)

No comments yet.

Leave a Reply