Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

No strategy and a beige suit

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014

Read more

ENCORE!

Alain Choquette: A Hilarious Magician in Paris

Read more

FOCUS

France welcomes Iraqi Christian refugees

Read more

FRANCE IN FOCUS

Emmanuel Macron: A new economy minister with a pro-business agenda

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

#TECH 24

Changing the world, one video game at a time

Read more

IN THE PAPERS

Socialist Party summer conference kicks off in explosive atmosphere

Read more

  • US aid drops begin in besieged Iraqi town of Amerli

    Read more

  • Filipino UN troops escape Islamists in Golan Heights

    Read more

  • Algerian diplomats held by Islamists are freed in Mali

    Read more

  • EU mulls Russia sanctions as Kiev warns of 'full-scale war'

    Read more

  • Pakistani protesters clash with police outside PM's house

    Read more

  • UK boy with brain tumour found in Spain, parents held

    Read more

  • Poland's Tusk, Italy's Mogherini set for top EU jobs

    Read more

  • Austerity row overshadows French Socialists' annual rally

    Read more

  • Egypt sentences Brotherhood leader Badie to life

    Read more

  • Ceasfire allows Gaza families to relax on the beach

    Read more

  • South Africa condemns 'military coup' in Lesotho

    Read more

  • Exclusive: Fabius warns Russia of more sanctions

    Read more

  • Kerry calls for 'coalition of nations' to battle IS militants

    Read more

  • Ukrainian plane with seven on board crashes in Algeria

    Read more

  • IMF backs Lagarde amid French corruption probe

    Read more

  • British killer escapes from French psychiatric hospital

    Read more

Africa

Oil tanker may be first since uprising to leave Libya

Text by News Wires

Latest update : 2011-04-05

An oil tanker at the Libyan port of Marsa el Hariga is expected to be the first to be loaded with oil for export since a rebel uprising began in February. The Liberian-registered vessel can carry up to 1 million barrels of oil.

REUTERS - An oil tanker arrived at the rebel-held east Libyan port of Marsa el Hariga on Tuesday as the market expected the vessel to load the first cargo in weeks since an uprising against Muammar Gaddafi halted exports.

AIS live ship tracking data on Reuters showed the Liberian-registered tanker Equator, which can carry up to 1 million barrels of oil, had arrived at the terminal.

"It appears to be in ballast with no cargo," a shipping source said, referring to the depth of a vessel in the water which gives an indication of whether it is loaded.

The rebel-led government said it had concluded a deal with Qatar to market crude oil and had discussed plans with a U.N. envoy to exempt its oil exports from sanctions that have been imposed on Gaddafi entities.

Before the unrest, Libya was producing around 1.6 million barrels per day of oil and exporting some 1.3 million bpd. Since its exports halted, Brent crude futures have risen to around $120 a barrel from around $100 before.

“We are assuming that most, if not all, of the Libyan volumes will be offline for the balance of the year but that the region will see no new physical supply outages," CIBC World Markets said in a report last week.

 

Date created : 2011-04-05

  • LIBYA

    Pro-Gaddafi forces hit oil pipeline during offensive

    Read more

  • OIL

    Saudi Arabia says it has boosted oil production

    Read more

COMMENT(S)