Bloomberg News

Libya NOC Crude Shipments in 2012 Reach 70.9 Million Barrels

March 15, 2012

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, followed by China, which took 13.5 million barrels, the company said.

Separately, NOC’s partners shipped a total of 9.57 million barrels in the same period, according to NOC.

Libya, holder of Africa’s biggest crude reserves, is seeking to raise output and exports, which were disrupted last year by the armed rebellion against Muammar Qaddafi’s regime.

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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