BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

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

Natural Gas | Oil

So what happened at MPGC 2019?

Natural Gas | Oil

Platts Scenario Planning Service

Natural Gas | Oil | Refined Products | Shipping | Marine Fuels | Tankers

Bunker and Residual Fuel Conference, 16th Annual

Oil | Crude Oil | Gasoline

Trump Libya shift likely driven by oil, gasoline price fears: analysts

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.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"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, adal.mirza@spglobal.com

-- Newsdesk-Libya, newsdesk@spglobal.com

-- Edited by Irene Tang, newsdesk@spglobal.com