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Home Oil & Gas

Tankers Hired to Ship Libyan Crude

25th September 2013
in Oil & Gas
Tankers Hired to Ship Libyan Crude
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Oil companies have reportedly booked eight tankers to load Libyan crude, which is being seen as a positive signal for Libyan oil exports following the disruption of recent months.

Bloomberg compiled the information from four shipbrokers including Poten & Partners in New York and Galbraith’s Ltd. in London, and reports that BP, Total and Repsol are among the companies chartering the vessels.

The tankers comprise two Suezmaxes which can hold 1 million barrels of crude each, and six Aframaxes with capacity of about 600,000 barrels each.

One vessel was booked to load part of its cargo in Libya and another part in Egypt, according to the reports. One of the cargoes is condensate, fuel that’s produced during oil extraction and is equivalent to extra-light crude.

(Source: Bloomberg)

Tags: BPGalbraith’soil exportsPoten & PartnersRepsolTotal

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