Libya Lifts Force Majeure on Second Oil Port
Slowly slowly the limited deal with Jadhran may be coming into the implementation phase and Zuetina is likely to start exporting soon following Hariga which has been open for a couple of weeks already. The more contentious and serious issues of Ras Lanuf and Al-Sidra have yet to be resolved. Read more from Dow Jones here or from Reuters here.
Libyan rebels occupying eastern oil ports had agreed to reopen two terminals three weeks ago, including the 70,000 barrels-per-day Zueitina, but Zueitina’s reopening was delayed because of technical problems. Another terminal, the 110,000-barrel-a-day Hariga, restarted exports mid-April following an agreement between the government and rebels led by militia chief Ibrahim al-Jathran who are seeking greater autonomy for eastern Libya. Two larger ports–Ras Lanuf and Es-Sider–have yet to be reopened.