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Home Business

Oil glut at Zuetina terminal as security fears cut tanker calls

byNigel Ash
May 11, 2015
Reading Time: 1 min read
A A
Oil glut at Zuetina terminal as security fears cut tanker calls

The Zuetina terminal tank farm (Photo: Zuetina Oil Co.)

By Jamal Adel.

The Zuetina terminal tank farm (Photo: Zuetina Oil Co.)
The Zuetina terminal tank farm (Photo: Zuetina Oil Co.)

Beida, 11 May 2015:

The Zuetina export terminal has a full tank farm because enduring security concerns mean not enough . . .[restrict]oil tankers are being sent to the eastern port to load crude oil. This means some oil fields that supply Zuetina are being shut down.

The terminal, owned by the Zuetina Oil Company, has storage for up to six and a half million barrels of crude. A NOC spokesman, Mohammed Al-Harari has confirmed to the Libya Herald that the tanks are almost full. Last week a single tanker called and left with 750,000 barrels of crude. Zuetina has five offshore berths and before 2011 used to handle around 270 vessels a year.

Because Zuetina can accept no more crude, fields that pump  to it, such as Nafoura, Marada and Zelah, are being closed down. The flow of gas, which is converted into LPG or used as a feedstock at Ras Lanuf’s refinery, is also at a standstill.

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A week ago, protestors demanding jobs in the oil industry, shut down the gas pipeline. The terminal has storage for up to 1.5 million barrels of oil equivalent of naptha, butane and propane. [/restrict]

Tags: featuredLibyasecuritytank farmterminalZuetina

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