Argus


London, 1 October  — Libya is set to export at least 240,000 b/d of crude this month, according to data compiled by Argus from shipping and trading sources.

October export schedules show that the recently reopened Zueitina terminal in eastern Libya will load 123,000 b/d of Bu Attifel and Zueitina crude across three 600,000 bl cargoes and two 1mn bl shipments. The Marsa el-Brega port, which also recently resumed exports, will ship out 58,000 b/d across three 600,000 bl cargoes, with Spanish firm Cepsa due to load the first of them within the next couple of days.

Libya calls for Turkish energy firms to take larger share of natural gas reserves -Off shore platforms at bouri feild - oilandgas360Libya’s state-owned NOC cleared the Zueituina, Marsa el-Brega and Marsa el-Hariga terminals for loadings last month after a deal was struck between the UN-backed Government of National Accord (GNA) and Khalifa Haftar’s Libyan National Army (LNA). Factions allied to the LNA have intermittently blockaded all of Libya’s onshore eastern ports and western crude fields since January, confining the country’s crude exports largely to output from offshore fields.

Since the agreement, oil has been exported from Marsa el-Brega and Marsa el-Hariga. The Zueitina terminal is expected to load its first cargo since the deal imminently. Austria’s OMV is due to pick up a 600,000 bl shipment in the first days of October, according to sources, although this was not confirmed by the company. The October loading programme for Marsa el-Hariga was not immediately available. Production from the Sarir and Mesla fields is exported from Marsa el-Hariga. Both restarted in recent days.

Loading dates, volumes and the order in which buyers collect their cargoes is subject to change, as clients of state-owned oil firm NOC can still negotiate light deferrals because of the prompt laycans, traders said. NOC is offering its cargoes at official October formula prices, which it has yet to be publish, market participants said.

Libya’s offshore Farwah and Bouri terminals, which serve the Bouri and Al-Jurf fields, have remained operational throughout the year. Loading schedules show a total of three 600,000 bl cargoes will load from the two terminals this month. Offshore exports made up the majority of the 54,000 b/d of crude that departed Libya in February-August, according to Argus tracking data.

NOC has yet to lift force majeure restrictions at the eastern ports of Ras Lanuf and Es Sider. Meanwhile, the Zawia and Mellitah terminals are open, but they lack crude because output from the El Sharara and El Feel fields remains shut in.


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