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Libya's NOC puts out Ras Lanuf fires, saves two more oil storage tanks

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Libya's NOC puts out Ras Lanuf fires, saves two more oil storage tanks

Dubai — Libya's National Oil Corporation has extinguished fires at its oilstorage tanks at the Ras Lanuf export terminal, saving two of the tanks fromdestruction, the company said Sunday.

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"Despite the severity of the fire damage to storage tanks 2 and 12, tanks5 and 6 were saved thanks to the exemplary work of personnel on site,thus ensuring the continuity of export operations," NOC said in astatement.

NOC has also carried out an initial damage assessment, but did not saywhen operations at the oil port could resume.

The so-called Libyan National Army retook Ras Lanuf and Es Sider, two ofthe country's key eastern oil terminals last Thursday. They had beencaptured by militias from the former Petroleum Facilities Guards a weekearlier.

Before the latest attacks on the port, Ras Lanuf has been exporting ataround 130,000 b/d before it was overrun. Ras Lanuf had five operationalstorage tanks, storing up to 950,000 barrels. The loss of tanks 2 and 12due to fire reduced its total capacity by 400,000 barrels to just 550,000barrels.

Tank 6 was heard to have caught fire as the LNA attempted to retake theport. With only tanks 1 and 3 left operational, the port has around350,000 to 400,000 barrels of operational storage capacity, sources inLibya said.

The larger Es Sider terminal was shipping around 260,000 b/d. there wasno damage to its infrastructure from the attacks. The port should be ableto resume operations once NOC's workers return, the sources said.

NOC Chairman Mustafa Sanalla said on Friday the country's output had beencut by 450,000 b/d, and he hoped it would restart in a "couple of days."

Libyan output was 950,000 b/d in May, before the armed clashes betweenrival militia groups at the terminals last week, according to the latestS&P Global Platts OPEC survey.

-- Adal Mirza,

-- Newsdesk-Libya,

-- Edited by Irene Tang,