Libya Plans 9M Barrels Of Oil Exports In December

Libya Plans 9M Barrels Of Oil Exports In December
dj
Δευ, 21 Νοεμβρίου 2011 - 18:10
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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