Tag Archives | Exports

Full return of Libyan oil to ease global pressure

Libya's oil exports are set to return to full pre-war levels by April this year, beating even the most optimistic estimates and potentially easing a global shortfall of oil caused by outages and conflicts. Libya plans to export almost 1.4 million barrels of oil per day (bpd) in April, a senior National Oil Corp (NOC) […]

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Libya NOC Crude Shipments in 2012 Reach 70.9 Million Barrels

Libya’s state-run National Oil Corp. exported 70.9 million barrels of oil from Jan. 1 to March 13, the company said on its website today. Libya’s domestic crude consumption in the same period was 8.29 million barrels, Tripoli-based NOC said. Of the quantity shipped, Italy received 25.5 million barrels, the largest single share of the total, […]

China in 140,000 bpd Libya oil deals for 2012-traders

China's top two state oil firms have agreed to lift a total of about 140,000 barrels of crude oil per day from Libya under term deals for 2012, set to raise China's crude purchases from the North African exporter after supply disruptions last year. State trader Unipec, the trading arm of top Asian refiner China […]

Libya oil exports to hit 1.2 mln bpd in Feb -NOC

Libya plans to export close to 1.2 million barrels of oil per day (bpd) in February, up from around 970,000 bpd in January, a senior National Oil Corporation (NOC) source said on Thursday. Libya is currently pumping 1.265 million bpd, the source added, as output continues to head towards pre-war levels of around 1.6 million […]

Libya leads rise in demand as GCC consumes 30%

Libya is emerging as a favourite destination for Brazilian beef and poultry after a sharp rise in demand since the revolution, but sanctions on Iran remain a concern, producers in Brazil say. In 2011, Brazil's exports of meat to the Arab world reached $3.55 billion (Dh13.03 billion), a 9.89 per cent increase over 2010, according […]

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Libya struggles to revive economy

Oil exports are approaching pre-conflict levels and international sanctions have been lifted, but four months after fighting ended, experts warn that Libya's financial situation remains fragile. The new leadership has inherited an economy in disarray, plagued by the corruption and mood swings of deposed ruler Moamer Kadhafi and his clan, who controlled Libya's key oil […]

OPEC Shipments Increase on Libyan Production, Oil Movements Says

OPEC will raise shipments by 0.7 percent this month as Libya continues to restore production that was halted during last year’s uprising, according to tanker- tracker Oil Movements. The Organization of Petroleum Exporting Countries will export 23.38 million barrels a day in the four weeks to March 3, up from the 23.21 million barrels in […]