Tag Archives | Exports

Libya Crude Bookings Rise to 1 Million Barrels a Day Next Week

Nine tankers have been booked so far to load about 1 million barrels a day of crude oil in Libya next week, according to data from Poten & Partners Inc. The ships have been chartered to pick up 970,000 metric tons, the equivalent of about 7.1 million barrels, the New York- based shipbroker’s figures show. […]

Libya to Export 12.7 Million Barrels of Crude This Week

National Oil Corp., Libya’s state- run energy company, plans to export 12.7 million barrels of crude from Jan. 26 to Feb. 1, according to an official at the company’s crude and natural-gas marketing department. The company, also known as NOC, shipped 5.54 million barrels from Jan. 19 to Jan. 25, Ahmed El-Mihoub said in an […]

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The business outlook

When will be the best time for a multi-sector trade promotion mission from Britainto go to Libya? To find the answer to that question a small group from the Libyan British Business Council of which I am a deputy chairman spent last week in Libya, my own first visit since the revolution. My main impressions […]

Libya NOC To Export About 700,000 B/D On Average In January -Oil Chief

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 […]

Exclusive: Libya vets big fuel import deals in Istanbul

Top oil majors and trading houses met Libyan oil officials in Istanbul this week for their first chance to win multi billion dollar deals to supply fuel needed to keep the new government on its feet. Libya plans to purchase nearly three million tons of gasoline alone, worth close to $3 billion at current prices. […]

Gaddafi fall cost Russia tens of blns in arms deals

Russia lost tens of billions of dollars in potential revenues from arms deals with Libyan leader Muammar Gaddafi's fall, said the official in charge of Russia's arms exports. Russia, the world's No. 2 arms exporter, has frequently cited losses of $4 billion in Libyan arms contracts. "The figure of $4 billion is only nominal, the […]