Middle East

Tankers sitting idle as Libyan oil protests continue

Cairo: Protests by guards at the Libyan port of Harega have hampered efforts to kick start oil exports through the port. A number of tankers have entered the port since August 16 but have not been able to take any cargoes onboard as a result of the protests going on around the terminal which is located next to one of Libya’s largest refineries.

Elsewhere, the National Oil Corporation announced that it has removed the force majeure status partially at the oil port of Marsa Brega.

Libyan oil exports have been hard hit in August as workers have been on strike and volumes of crude exported have dropped 70%.  [26/08/13]

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