Oil workers threaten to shut down production at an oil export terminal in eastern Libya by the end of February, Argus reported on Tuesday, quoting a shipping source.
In exchange for payment raise, the workers threaten to shut down crude oil exports from the Marsa el-Hariga oil terminal, which ships oil pumped by the Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation (NOC).
The Marsa el-Hariga oil terminal typically ships out nearly 200,000 barrels per day (bpd) of crude.
Last year, Marsa el-Hariga exported on average 196,000 bpd, while crude shipments out of the oil port averaged 194,000 bpd in January 2022, Argus tracking data shows.