Friday, August 23, 2013
Exports from Libya’s Brega port are resuming, adding some 90,000 bpd to the country’s slumping export totals according to a statement by NOC. The Brega port was one of four ports in the North African country that declared a force majeure when protests shut down the facilities.
“NOC is hereby declaring a partial lifting of force majeure situation concerning the oil operations in Mersa El Brega loading port as of Thursday at 8:00 a.m.,” the company said in a posting on its website today. “The circumstances that caused the declaration of force majeure have improved.”
Currently exports in Libya are running way below their capacity, sitting at about 500,000 bpd out of the Zawiya terminal, and loading platforms offshore.
A number of protests over pay and corruption allegations by members of the Petroleum Facilities Guards (PFG) are curtailing the export of Libya’s number one money maker and are impacting operations more than one E&P firm said. It was reported that efforts to get the PFG to end their protests has intensified.