Home / Economy / Zueitina Oil Terminal’s First Export Goes to China

Zueitina Oil Terminal’s First Export Goes to China

(Author: Libyan Gazette Editorial Staff)

ionic

For the first time since last year, Zueitina oil terminal began loading crude oil into a cargo ship on Thursday, according to a port official.

Zueitina and two other oil ports were under a force majeure that was recently lifted last month by Libya’s National Oil Corporation (NOC).  

Zueitina was forced to shut down in November 2015 after ongoing clashes compromised the oil facility. The other two ports, Ras Lanuf and Es Sider closed in December 2014 for the same reason.

The vessel Ionic Anassa has docked at Zueitina to load 800,000 barrels of oil that will go to China.  

Libya’s oil production rose substantially when force majeure was lifted.

The country’s production has reached almost 510,000 barrels a day on Thursday, said a Libyan oil official.

By the end of the year, the NOC hopes that oil production would reach 900,000 barrels a day. However, the NOC said it will depend on if the NOC receives enough funding to cover the operational costs of the oil facilities and if the blocked pipelines in western Libya are reopened.

Leave your vote

Check Also

As part of the preparations for the upcoming elections, the High Commission sends electoral equipment to Sebha and Benghazi.

On Sunday, the High National Elections Commission sent a convoy of electoral equipment to the …

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.