Libya oil exports to exceed pre-war delivery

Reuters, Tuesday 20 Mar 2012

Bad weather has pushed back March exports, meaning nearly 1.4 million daily barrels will be shipped next month

Libya expects oil exports to exceed top pre-war deliveries in April, climbing to almost 1.4 million barrels per day (bpd) according to a senior official at the National Oil Corporation (NOC).

The rise in exports is partly due to a number of March loadings being pushed back because of bad weather.

"We have around 2 million barrels of crude oil in storage," the NOC official said, adding that daily oil production remained close to 1.4 million bpd.

Libya's largest refinery may restart after a key oilfield returns to full capacity in April, the official said. The Ras Lanuf plant can process 220,000 bpd and accounts for well over half of the country's refining capacity. 

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