Lingering doubts about Libyan oil terminals

Three vital export terminals in Libya will remain closed, says rebel leader after the government has declined to share oil profits.

A Libyan rebel leader has rejected to relinquish control of three key oil ports and surrendering them to the government, according to several news media. Thus it looks like the three export terminals in Es Sider, Ras Lanuf, and Zuetina, which have been closed since Christmas, will remain closed.

The government in Libya will not recognize rebel leader Ibrahim Al Jedran's demands for, among other things, splitting the profits from the country's oil exports between the government and the self-financed rule. This developments falls in line with the estimate of oil analyst Michael Poulsen, Global Risk Management, who told ShippingWatch the following in relation to the announced opening of the country's oil terminals:

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs