Zueitina Port Ships First Oil in a Year

A Libyan official, who asked not to be named, has told Reuters that the first tanker in almost a year has loaded crude from the eastern port of Zueitina on Sunday.

A Greek-registered tanker reportedly left for Italy later on Sunday with 750,000 barrels of oil (600,000 barrels according to The Wall Street Journal) from the 103 oilfield and Harouge Oil Company.

The port reopened last April after a former rebel group wanting autonomy for eastern Libya lifted its blockade, but since then strikes and technical delays had prevented the resumption of exports.

Libya’s production had collapsed to 325,000 barrels a day, a decline of almost two-thirds since October.

(Source: Reuters, The Wall Street Journal)

(Picture: Zueitina Port)

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