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Free AccessOIL: Libyan Crude Exports Resume Gradual Loading from East: Platts
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."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.