Libya is planning to export 9 million barrels in December, 2.2 million barrels more than this month, the country's National Oil Co. said, as shipments remain a long way from pre-war levels despite an accelerated ramp up.
Libya is planning to export 9 million barrels in December, 2.2 million
barrels more than this month, the country's National Oil Co. said, as shipments
remain a long way from pre-war levels despite an accelerated ramp up.
Based on a loading schedule recently posted on NOC's
Website
,
Libya
's shipments
will average 290,323 barrels a day next month, up nearly 64,000 barrels a day
from November.
The amount is still a far cry from about 1.5 million barrels a day Libya
exported in January before the war erupted as a large part of current production
is used for domestic refining.
Following the toppling of Moammar Gadhafi, the new Libyan government is taking
the unusual step of publishing details of its tenders for crude and other
petroleum products, in an effort to increase transparency in the sector that
provides the bulk of the country's revenue.
NOC also said on its Website that it had decided to lift a ban to trade oil
with companies that had been blacklisted by Gadhafi's regime as part of
"arbitrary decisions."
They include bank Morgan Stanley and state-owned
Kuwait
Petroleum
Co.
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