By SUMMER SAID
Oil exports from the Libyan port of Marsa al Brega have
resumed after a force majeure was lifted as protesters ended
their blockade of the terminal, the deputy oil minister
A few tankers have left the port after we lifted the force
majeure on August 22, Omar Shakmak told Dow Jones Newswires.
"The port is now operating as normal and at full capacity," he
Brega, with a capacity of around 90,000 bpd, is one of the
four ports affected by the force majeure, declared after
protests caused the facilities to be shut at the end of
July, as workers demanded the payment of wages, as well as
higher salaries or more jobs. However, officials said the
situation was more precarious, with armed guards trying to sell
oil without government approval.
The strikes in eastern and central Libyan ports had
effectively shut down shipments from terminals there, which
account for more than half of Libya's $60 billion of oil
Es Sider, the largest of Libya's oil terminals with a
350,000 bpd capacity, as well as Ras Lanuf and Zueitina in
eastern Libya remain closed.
Storage facilities in the country, a member
of the Organization of the Petroleum Exporting Countries, have
filled with crude, crimping any new production. According to
data supplied by the oil ministry, Libya's output fell in the
first half of August to about 500,000 bpd about one-third of
the highs reached last summer and the lowest since just after
Libya's civil war ended in late 2011.
Dow Jones Newswires