Libya’s Zueitina Port Receives First Oil Tanker After Lifting Force Majeure - News Summed Up

Libya’s Zueitina Port Receives First Oil Tanker After Lifting Force Majeure


Libya’s Zueitina port has received its first oil tanker after temporarily lifting force majeure last week to free up storage space. While Libya’s National Oil Company (NOC) did not issue a statement, NOC sources told LIbyan media that the Melos 21 oil tanker had docked at Zueitina for loading, after which it will sail to China. Libya’ declared force majeure on Zueitina, along with its largest oil field, Al-Sharara, and the El Feel oilfield in mid-April amid anti-government protests over the way oil revenues are distributed. A day later, the NOC was given permission to temporarily resume operations at Zueitina, with two vessels reportedly allowed to load. Libya is now losing some $60 million per day due to the production shutdowns, according to the country’s oil minister.


Source: Libya Today May 05, 2022 21:06 UTC



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