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Catastrophic Damage at Ras Lanuf Terminal

Source: www.gulfoilandgas.com 6/18/2018, Location: Africa

The National Oil Corporation (NOC) confirms the loss of storage tanks 2 and 12 at the Ras Lanuf port terminal following Thursdays armed assault by militia in the Oil Crescent, led by Ibrahim Jadhran.

This has resulted in a 400,000 barrel reduction of crude oil storage capacity (from 950,000 barrels to 550,000 barrels). Prior to the attack, Ras Lanuf operated five crude oil storage tanks. The destruction of tank 2 is in danger of leaking and spreading the blaze to reservoirs 1, 6 and 3.

NOC confirms that one employee was shot during the incursion. The NOC Board wish him a speedy recovery. A number of other employees were robbed by a number of African armed mercenaries fighting alongside the Jadhran militia. Thankfully all NOC employees were evacuated to safety.

NOC calls again for the immediate withdrawal of Ibrahim Jhadran and his gangs from the port, cessation of military operations and the provision of support and assistance to fire-fighting teams trying to reach the tanks still ablaze. This incident will result in the loss of hundreds of millions of dollars in construction costs, and billions in lost sales opportunities. Rebuilding the tanks may take years, especially in current security circumstances. NOC applauds the heroes whom risking their lives to save the livelihood of the Libyan people.



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