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OIL: Libyan Crude Exports Resume Gradual Loading from East: Platts

OIL

Libyan crude exports have resumed loadings from most of the country’s Eastern ports and some oil fields have received orders to resume production, sources told Platts.

  • Libya's Brega, Es Sider and Marsa El Hariga ports are now open, while next day loading lay time is pending at Zueitina, Platts said.
  • Platts added that Bouri port has reopened while Ras Lanuf is unclear.
  • Loadings at western Sharara and Mellitah ports are likely to remain suspended.
  • Platts said it was unclear if crude flows to the ports have restarted or whether loadings are from storage.
  • Libya’s rival governments are moving closer to a political deal under UN-brokered talks.
  • "An exceptional decision has been made to resume exports at the eastern ports, resulting in an increase in production," a source told Platts. "Ongoing negotiations and meetings between the two sides appear to be progressing positively, contributing to this development."

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