Libyan rebel's oil heading for Hawaii - Hawaii News Now - KGMB and KHNL

Libyan rebel's oil heading for Hawaii

LONDON (HawaiiNewsNow) - MarketWatch.com is reporting that the first shipment of oil from rebel-controlled east Libya has been brought by U.S. refiner Tesoro Corp.

Mike Marcey, a company spokesman is quoted as saying, "The cargo was purchased by Tesoro, [and] it is en route to Tesoro's 94,000-barrels-a-day-capacity Kapolei, Hawaii refinery".

MarketWatch reports that the company's tanker has been in Singapore for the last month amid speculation about its final destination.

According to AISLive ship tracking data, the Equator suezmax vessel is now heading towards Hawaii with an estimated arrival date of June 6, ship brokers told Dow Jones Newswires.

Movements of the tanker, which has the capacity to carry over one million barrels of crude, have been closely watched ever since reports emerged in April that Vitol had succeeded in chartering the shipment oil out of rebel-held territory.

However, it's being reported that further exports are unlikely in the near-term, as the ongoing fighting in Libya has caused serious damage to the rebels ability to pump oil.

Copyright 2011 Hawaii News Now. All rights reserved.

 

Powered by Frankly