Libya will ship over one million barrels of Waha Oil Co
Libya will ship over one million barrels of Waha Oil Co.’s oil this week, one of the nation’s oil officials said, following the resumption of exports from the giant Es-Sider terminal.
A first tanker of 600,000 barrels sailed Monday and another one of 440,000 barrels is due Wednesday, he said.
Es-Sider loaded 447,000 barrels a day in January 2011, according to the International Energy Agency, before becoming Libya’s most heavily damaged terminal during the civil war. The need to repair the Es-Sider facility has been a stumbling block in the otherwise rapid recovery of the country’s oil sector.
The facility normally loads production from Waha Oil Co., whose foreign partners are Marathon Oil Corp. (MRO), ConocoPhillips (COP) and Hess Corp. (HES) .
Source: Dow Jones