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Libya’s oil output rises to 270,000 bpd as exports ramp up

The Address | Benghazi – Libya

TRIPOLI – Libya’s oil output has risen to 270,000 barrels per day (bpd) as the OPEC member ramps up exports, a Libyan oil source told Reuters on Thursday.

The country’s National Oil Corporation (NOC) had said it expected production to rebound to 260,000 bpd this week.

Export activity at three oil terminals – Hariga, Zueitina and Brega – is rising.

Brega is expected to export three 600,000 barrel cargoes in October, according to a loading programme seen by Reuters.

At Zueitina, three tankers are expected to load Bu Attifel crude over the next ten days for Austrian oil firm OMV, Spanish refiner Repsol, and Italian refiner Saras, according to a local shipping agent.

Shell’s provisional booking of the Amoureux tanker to load at the port has been cancelled, however, shipping data showed.

At Hariga, Unipec, the trading arm of China’s Sinpoec , has already loaded 2 million barrels of Mesla and Sarir crude on board the Delta Hellas and the Marlin Shikoku tankers.

Both tankers are broadcasting Singapore as their destination, according to Refinitiv data.

A loading of a naphtha tanker at the port will allow NOC subsidiary AGOCO to bring the 20,000 bpd Tobruk oil refinery to full capacity, it said on Wednesday.

Exports at Libya’s Es Sider and Ras Lanuf oil terminals are yet to resume.

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