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Tuesday, March 7, 2017
Fighting outside two of Libya’s largest terminals is threatening the gains the country has made in restoring a portion of its production. According to reports clashes outside the Es Sider and Ras Lanuf ports have taken 50,000 bpd off Libya’s flows.
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Crude shipments from both the ports have been suspended until security improves and workers return. Production from fields feeding the ports has declined and may be cut further if the situation doesn’t improve.
Reports out of Libya say that the Benghazi Defense Brigades has seized the Es Sider terminal. The Libyan National Army, a group led by Khalifa Haftar, is said to be preparing to repel rival factions around the port.
Haftar’s force, which calls itself the Libyan National Army, is preparing ground and air units to repel rival factions in the central coastal region around Es Sider, an LNA spokesman, Ahmed al-Mesmari, said Monday in a video posted on his Facebook page. He urged citizens to stay home.
The clashes jeopardize the surge in Libya’s oil production after output and exports had resumed from Es Sider and other facilities previously blockaded by fighting between armed groups. Production in February was almost double the level of a year earlier, data compiled by Bloomberg show. Libya holds Africa’s largest crude reserves.
Loadings scheduled for Es Sider and Ras lanuf may be rerouted to other ports. At this time NOC has not declared a force majeure on loadings from either port.
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