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Libyan Crude Oil Supply Disrupted After Port Attacks

Summary

Fighting at Libyan Ports damage storage facilities, halting exports and production from major fields in the Sirte Basin.

Damage to tanks 2 and 12 at Ras Lanuf, visible on satellite images, resulted in a loss of storage capacity by an estimated 400 kb according to NOC.

Kayrros satellite data show that fields exporting through these two terminals are now disrupted.

Storage tanks on fire at Ras Lanuf. Source: ESA

Escalating conflicts since June 14 have forced NOC to declare force majeure at Ras Lanuf and Es Sider late last week.

Kayrros AIS signals show that five tankers that were planned to load several million barrels during the coming days from Es Sider and Ras Lanuf are presently in the Mediterranean sea. These exports are set to be impacted by the current events.

Production seems interrupted at the Amal oil field. Facilities on this site are used to store and forward crude oil from neighboring concessions to the Ras Lanuf terminal.

The Wahah oil field, which exports its oil through the Es Sider terminal, has been shut down since June 17.

With the Elephant oil field still shut down, Kayrros estimates lost barrels in Libya have rapidly increased.