Middle East

Libya’s oil export picture remains unclear

Cairo: The situation regarding oil export shipments from Libya remains unclear. Libya's National Oil Corp has offered the first crude oil from its major eastern Ras Lanuf terminal for end-July loading, two weeks after a rebel group agreed to end its nearly one-year blockade of the bulk of the country's oil facilities.

The Ras Lanuf and Es Sider ports, which have a combined capacity of around 500,000 barrels per day, were reopened two weeks ago after a government deal with the rebels.
Earlier on Wednesday, a senior Libyan oil official told Bloomberg he did not expect any exports from either the Es Sider or Ras Lanuf ports before August.
Work on the two facilities may take until the beginning of August, Oil Ministry Measurement Director Ibrahim Al Awami said yesterday.  [17/07/14]

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