Libya: Exports Up But Loading Uncertainty Means More Goes Long-Haul

Libyan crude output rose to a 3-month high of 940,000 b/d in August, whilst exports topped 850,000 b/d. As always, gains are precarious. MEES analysis of Libyan crude loadings shows the impact of uncertainty on the country’s crude trade.

The self-styled ‘Libyan National Army’ under renegade general Khalifa Haftar handed back control of four key Sirte Basin oil ports – Es Sider, Ras Lanuf, Hariga and Zueitina – to the state National Oil Corporation in mid-July ( MEES, 13 July ). Oil export volumes have since risen to average more than 850,000 b/d for the past month – a normal-to-good level as far as Libya’s recent history is concerned.

But gains remain precarious, with only three of the country’s seven onshore crude export terminals – Es Sider on the Sirte Basin, Hariga in the east, and Mellitah in the west – maintaining anything that could be termed a ‘normal’ loading schedule. Elsewhere, gains, such as they are, have been uncertain with cargoes appearing at irregular frequencies and often short notice. (CONTINUED - 1743 WORDS)

DATA INSIDE THIS ARTICLE

chart By Port ('000 B/D): Es Sider And Hariga In The East, And Mellitah In The West Were The Only Onshore Terminals To Operate At Above 50% Capacity
chart By Destination: Short-Haul Mediterranean Buyers Remain Libya's Core Market, But The Long-Haul Share Is Up With Bumper China Volumes And Taiwan, Malaysia. The Us And The UAE All Taking Cargoes