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Al Awami News

08 Aug 2016

Libya's Largest Oil Port Begins Work

Libya has begun maintenance of the port of Es-Sider, biggest in the country of the terminal on oil export as part of plans to increase output from Africa’s biggest holder of crude reserves, says RNS. Exports should resume in a month once official orders are received to reopen the port, says Bloomberg quoting Galal Mohamed, head of operations at Waha Oil Co. Es-Sider is part of the plan of the authorities for increase in oil extraction. The port belongs to the Waha Oil company. It has been closed since December, 2014 because of armed attack. In half a year after start of port the company plans to come to amount of 75 thousand oil barrels a day. The state National Oil Corp.

19 Aug 2014

NOC to Load First Oil in a Year from Es Sider

Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said. Germany's Wintershall has also resumed production for the 220,000-barrel-per-day (bpd) Ras Lanuf oil export terminal for the first time since protests ended in July, Ibrahim al-Awami, general manager of inspections and measurement at the oil ministry, told Reuters. A spokesman for Libya's National Oil Corp. said the country's total oil production had risen to 562,000 bpd, up from 535,000 bpd at the weekend. (Reporting by Julia Payne in London, Ulf Laessing in Tripoli and Feras Bosalum in Benghazi; editing by Jason Neely)

16 Jul 2014

Libya Oil Exports Stutter, Major Eastern Ports Await Restart

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday. The latest twist in a spiral of violence also casts a shadow over the vital deal two weeks ago to end the eastern blockade by federalist protesters of the last two facilities they held. Until April, the rebels were holding four out of five eastern ports, cutting off over half of Libya's export capacity. But an oil export return is proving slow and a full ramp up is already facing new obstacles with a fresh protest by oil guards at the port of Brega. At least 15 people have been killed in the capital and the eastern city of Benghazi since Sunday.

08 Apr 2014

Libya's NOC Keeps Force Majeure in Place at Eastern Oil Ports

Libya's National Oil Corp (NOC) has yet to lift force majeure at the eastern ports of Zueitina and Hariga following a deal with federalist rebels to reopen them after a nine-month blockade, an oil ministry official said on Tuesday. "Force majeure is still in place, it has not been lifted. NOC has not instructed the ports to export oil yet," Ibrahim al-Awami said. Al Awami said staff at Arabian Gulf Oil Co (AGOCO), which runs the Hariga terminal, had joined a general strike in Benghazi that began on Sunday. It was unclear whether this would affect the port's ability to resume exports. Workers at Zueitina were carrying out maintenance and checking facilities before the resumption of exports, Al Awami said.

08 Apr 2014

Med Crude-Kazakh CPC Strengthens, Azeri Exports to Drop

Kazakh CPC Blend crude strengthened on Tuesday as the outlook soured for the resumption of rival Libyan oil exports and a loading programme showed lower Azeri loadings in May. In the Platts window, oil major Total bid for CPC at dated Brent minus 50 cents, some 20 cents stronger than previous price estimates, but found no sellers, traders said. In the Urals market, Eni offered a cargo in the Baltic at dated Brent minus 75 cents, but found no buyers as the levels were considered too strong. Traders said CPC might be strengthening as the market for light barrels in Europe might be tightening. Azeri Light oil exports will decline in May to 748,000 barrels per day from 818,000 bpd in April, traders said on Tuesday, citing a loading programme.