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All Libyan oil terminals closed due to bad weather; NOC expects to cut 150,000 b/d Sharara production

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All Libyan oil terminals closed due to bad weather; NOC expects to cut 150,000 b/d Sharara production

London — Libya has closed all of its oil ports due to bad weather, a source close to the matter told S&P Global Platts on Wednesday.

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The source added that storage tanks were filling up at the terminals, which will force state-owned National Oil Company to shut in 150,000 b/d, or 50%, of the Sharara field?s production in Libya's southwest.

"Storage capacity critical at Zawiya," the source said. "We are expecting to decrease production from Sharara by 50% from tomorrow [Thursday] morning 9:00 am."

NOC announced Friday it had closed the Ras Lanuf, Zueitina, Zawiya and Es Sider terminals and already shut in 150,000 b/d of crude production due to bad weather, while the Brega terminal remained open.

Libya produced 1.05 million b/d of crude in November, according to the latest Platts OPEC production survey.


--Edited by Jonathan Dart,