Libya’s oil exports still restricted; Eni expecting output to drop – reports

Libyan crude oil exports showed little improvement on Wednesday after falling significantly this week. Only one tanker was expected to load condensate from the small western port of Mellitah, according to trading sources.

Reuters reports that last week, Libya’s two western ports of Zawiya and Mellitah suspended oil exports, on top of the closures of its eastern facilities. Exports from Libya have fallen to around 90,000 barrels per day (bpd) from the two offshore oil platforms, Al Jurf and Bouri, or less than 10 percent of its 1.25 million bpd capacity. Libyan’s eastern ports showed no sign of re-opening. Brega port, which is located in the east and is technically still open, cannot export due to low oil output at nearby fields. Production was at 20,000 bpd from Brega fields due to strikes. Last week, local Libyan sources and traders said that oil flows had fallen due largely to electricity supply problems.

Reports also claimed that there was no sign that the El Sharara oilfield, which supplies the Zawiya terminal with crude, had resumed.

Italian oil and gas group Eni said it expected its 2013 output to be lower than in 2012 due to Libyan and Nigerian disruptions. The company is the largest foreign major in Libya through Mellitah Oil and Gas, a joint venture with the Libyan state owned National Oil Corp.

 

Read more at: http://uk.reuters.com/article/2013/10/30/uk-libya-oil-idUKBRE99T0PY20131030

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