The hottest Libyan largest crude oil port is about

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Libya's largest crude oil port is about to restart

Libya's largest crude oil port is about to restart

July 8, 2014

[China paint information] before the export recovery, the price of scenery crude oil fell

the interest rate of "Libya's largest and third largest crude oil export port is about to restart" spread like wildfire. Although the mobile phone 5 of the Libyan interim government at that time was colorful, it has not resumed the export work so far, However, this positive information still somewhat calmed the industry's concerns about the "negative impact of the Iraqi turmoil on the crude oil market"

"Wall Street" reported on July 2 that the Libyan rebel barqa recently reached an agreement with the interim government to reopen the two eastern oil ports, essider and raslanuf, as Libya's largest and third largest ports, respectively. The daily crude oil loading capacity of the two ports is as high as 560000 barrels, close to half of Libya's daily crude oil export volume of 1.3 million barrels

among them, the daily loading capacity of sider is about 340000 barrels, and that of raslanuf is about 220000 barrels. Analysts pointed out that the agreement led by the Libyan interim government has pulled the crude oil price of Brent Zr < 0.01 to $112/barrel, the lowest since June 12. Bloomberg predicts that once the Libyan port is restarted, the price of Brent crude oil may also be lowered to $110/barrel

the acting Libyan Prime Minister Abdullah Sani confirmed the news, saying: "we have recovered two oil ports, and the oil crisis is over." Libyan justice minister Salah magani also revealed that he was preparing to resume export work. He himself is also a member of the negotiation on length units mm, cm and inch

however, the Libyan national oil company, the port operator, revealed that it had not received any official documents to restart the port so far. The company said that if it operated well, the two ports, which were responsible for nearly half of the country's crude oil exports, could increase Libya's crude oil export capacity by nearly five times

last year, barqa unilaterally announced the formation of a shadow government in eastern Libya, which is rich in oil resources, and received the support of some militias and local tribes. So far, the relationship between the eastern region and the Libyan interim government has become increasingly tense. Last October, barqa announced that eastern Libya is an autonomous country with extensive autonomy and control over resources. Subsequently, the interim government rejected the statement in Tripoli

the tension between the interim government and barqa caused the interruption of oil export work, and the crude oil export output plummeted from 1.4 million barrels a day to about 600000 barrels, robbing the country's main source of income. Barqa even said that "this is to improve resource allocation". In April this year, barqa allowed two small ports to resume exports, but still controlled eastern Libya

last July, the security personnel of the oil port in eastern Libya took refuge in barqa on the grounds of "salary arrears", and then controlled the four crude oil export ports of Sidr, RAS lanuf, zueitina and hariga. A small force led by ibrahimal jathran, the leader of barqa, even guarded the entrance to the port of Sidr

according to the source, the reason why barqa "let go" and agreed to restart the port is that the Libyan interim government recently agreed to pay the arrears of port security personnel in the next few days. This article talks about personal views and wages on the relevant factors that affect the accuracy of cement strength test results

it is understood that Libya has a total of 9 oil export ports, with a total crude oil loading capacity of 145000 barrels a day in Brega, jurf and Bouri, in addition to Sidr and RAS lanuf; The remaining four ports of zawiya, mellitah, hariga and zueitina are under the control of the Libyan interim government, but they are still in the testing stage and have not yet started export work

recently, after Sunni militants occupied most of western Iraq, international oil prices continued to rise. There is widespread concern in the industry that the unrest in Iraq will impact the development of oil fields in the west of the country, and then affect the entire international oil market. Obviously, the news that "the port will restart" came from Libya at this time undoubtedly played a calming role

at present, Libya produces about 320000 barrels of crude oil per day, which is only 1/5 of that before the overthrow of Gaddafi's Government in 2011

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