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FINANCIAL NEWS
Oil exports in Libya down to 10 percent of capacity
30 Aug 2013
(MENAFN) Oil exports in Libya decreased to just 10 percent of the possible capacity as armed groups hold the oil industry in the country on a pause, The Peninsula reported.
The country now exports 145,000 barrels per day (bpd) from three operational terminals out of nine. The country”s original oil export capacity is near 1.25 million bpd.
The worst outage in the country since 2011 started when Libya”s two major export terminals, Es Sider and Ras Lanuf, were shutdown.
Exports from Zawiya terminal reaching 230,000 bpd were also stopped. Pipelines pumping oil to the Zawiya and Mellitah terminals were blocked by armed militants.
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