Libya Expects Tanker to Load Crude at Hariga Oil Port Tomorrow

A tanker is expected to dock and load crude from a Libyan oil export terminal that has been shut for much of the past two months, according to a state company official and ship tracking data.

The vessel will pick up at least 600,000 barrels of crude from the country’s eastern port of Hariga tomorrow, for shipment to a European destination, Mohamed Elharari, a spokesman for the state-run National Oil Corp. said today by phone from Tripoli, without elaborating on the tanker’s name or its charterer. Shiptracking data on Bloomberg show that the British Falcon is headed to Hariga, after being moored at another Libyan port, Zawiya, from Oct. 27 to Nov. 9.

Libyan oil output was 250,000 barrels a day yesterday Elharari said. That’s a fraction of the 1.6 million produced prior to the country’s civil war. The nation, holder of Africa’s biggest oil reserves, is losing $130 million a day because of the halts, according to the finance ministry.

The tanker scheduled to dock tomorrow is different to another domestic carrier that was turned away from Hariga on Nov. 8, Elhariri said. In that incident, a vessel scheduled to carry crude from Hariga to a refinery at Zawiya, was refused entry by Hariga port authorities due to concerns for its safety, state-owned Libya News Agency reported yesterday. LANA didn’t elaborate on the nature of the security concern.

NOC lifted a force majeure on Hariga Oct. 31 after about four months of closure by former members of the Petroleum Facilities Guard who are protesting alleged corruption at the oil ministry and the government’s refusal to raise their salary and improve equipment.

Force majeure is a legal clause that excuses a supplier from meeting its delivery commitments because of events beyond its control. Libya’s largest terminal, Es Sider, remains shut alongside Ras Lanuf and Zuetina.

To contact the reporter on this story: Mariam Sami in Tripoli at msami2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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