Glencore Lands Big Libyan Oil Deal

Swiss-based trading house Glencore has reportedly secured a deal to buy as much as half of the oil Libya is currently exporting.

Reuters reports that the arrangement with the National Oil Corporation (NOC), which began in September, allows Glencore to load and finds buyers for all the Sarir and Messla crude oil exported from the port of Marsa el-Hariga.

With exports of up to 140,000 bpd, Hariga has become Libya's largest exporting terminal, as the two biggest, Es Sider and Ras Lanuf, remain closed.

(Source: Reuters)

One Response to Glencore Lands Big Libyan Oil Deal

  1. Richard Mead 19th December 2015 at 11:49 am #

    So what happens at Sirte Oil Company's terminal at Marsa el Brega these days?
    Just curious as I used to be a contract geophysicist with Sirte up to 2006. Shame if it doesn't still produce oil and liquified nat gas from there.

    Regards,
    Richard Mead

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