Libya hopes to start export from the Es Sider in two weeks

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Libya’s National Oil Corporation (NOC) is going to resume exports of oil cargo stored at the Es Sider port during the first week of November, S&P Global Platts said in a new report published on Thursday. According to an anonymous source from the NOC, this will be the first cargo from the port since the force majeure that was declared at the site in December 2014.

The oil terminals at the Es Sider and Ras Lanuf ports are fed by the eastern Waha fields, which produce 50,000 barrels per day. Operations at the site have recently been resumed. A source informs that NOC planned to lift a cargo of crude stored at Es Sider at the end of this month.

"We hear it's an end of October-loading NOC cargo, and as far we know, they've not found a buyer yet," a crude trader said, adding that "there is maintenance work going on but how much, it's hard to say. There is no lifting plan yet - but Es Sider could be lifted from both ports."

Total capacity of the Es Sider and Ras Lanuf ports reaches 560,000 barrels of crude per day, making them the largest and third-largest ports in Libya, respectively.