Libya's National Oil Co. is planning to increase crude exports to about 700,000 barrels a day on average in January, its chairman said Monday, as the war-torn nation brings relief to markets jittered by U.S.-Iranian tensions.
Libya's National Oil Co. is planning to increase crude exports to about
700,000 barrels a day on average in January, its chairman said Monday, as the
war-torn nation brings relief to markets jittered by U.S.-Iranian tensions.
Speaking to Dow Jones Newswires, Nuri Berruien said "the monthly average
will be roughly 700,000 barrels a day, plus or minus."
The shipments are sharply higher than the 290,323 barrels a day NOC's loading
program had planned for December, though it's unclear if the number includes
the Arabian Gulf Oil Co., which has recently marketed its oil separately.
He also said the Libyan joint ventures of Suncor Energy Inc. (SU) and of Total
SA (TOT) "have been given instruction to start" their respective
Ghani and Mabruk fields.
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