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Libya plans first oil export from Ras Lanuf since reopening

Industry

Libya’s National Oil Corporation (NOC) has issued tenders to export the first crude oil from its major eastern refinery and port Ras Lanuf, since a rebel blockade of many of the country’s oil facilities was brought to an end

NOC has issued a tender to sell two million barrels of crude oil from Ras Lanuf - one million of Amna crude and one million of Sirtica crude - which is set to be loading by the end of July, according to traders and a tender document released last week.

Both Ras Lanuf and the Es Sider ports, which have a combined capacity of approximately 500,000 bpd, were reopened earlier this month after nearly a year-long blockade of the country’s oil facilities initiated by rebel groups.

The rebels were, until April this year, holding four out of Libya’s five eastern ports, which meant the country’s export capacity of 1.25mn bpd was more than cut in half, according to Reuters.

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