Libya's government has reached a deal with an armed brigade controlling the Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the major terminals shut down since December 2014, officials said.
Libya has lifted force majeure at the major Ras Lanuf oil terminal, though restarting exports would take at least two days depending on available crude, a spokesman for the National Oil Corporation (NOC) said.
A ship importing cement has docked at Libya's Ras Lanuf port but the oil export terminal will stay shut, a port official said.
State oil firm NOC declared force majeure, a contractual waiver for Ras Lanuf a
An oil tanker carrying 670,000 barrels of crude has left Libya's Ras Lanuf oil terminal, the first shipment since the port was reopened following a year of blockades by armed protesters, a spokesman for state-run National Oil Corporation sai
Oil product exports from Libya's 220,000 barrel-per-day refinery at Ras Lanuf are resuming after runs restarted, a shipping source and a senior Libyan industry source said on Thursday.
The refinery is operated by Lerco, a join
UAE-based Al Ghurair Group is planning to invest $1.5 billion in a refinery over the next four years, a senior official of the group was quoted as saying.
The group already has a 50 per cent stake in the largest refinery in Libya an
Forces loyal to Muammar Gaddafi attacked the front gate of Libya's largest oil refinery near the coastal town of Ras Lanuf on Monday, killing 15 guards and wounding two, witnesses said.
"About 14 to 15 trucks came in from the direction of
Libya's largest oil refinery, Ras Lanuf, is intact despite intense fighting nearby between rebels and Muammar Gaddafi's troops and staff are preparing to restart operations at the 220,000 barrel per day plant, the general manager told Reut
A sustained bombardment by Muammar Gaddafi's planes and tanks beat back rebels from the Libyan oil port of Ras Lanuf on Saturday, and insurgents warned the uprising could be crushed completely without a no-fly zone.
But the Arab League
Libyan tanks fired on rebel positions around the oil port of Ras Lanuf and warplanes hit another oil hub further east on Thursday as Muammar Gaddafi carried counter-attacks deeper into the insurgent heartland.
In the west, Gaddafi's ar