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Libya to Export 860kbpd of Crude, Condensate in January

OIL

Libyan crude and condensate exports are expected to decline to 860kbpd in January, revised down by 190kbpd, due to the shutdown of the Sharara oil field earlier this month, Kpler said.

  • Lower exports this month are primarily expected to affect European Med shipments, Kpler said.
  • Kpler forecasts Libyan crude and condensate shipments to hover within the 1.15-1.18mbpd range in 2024.
  • Libya’s oil production has rebounded to 1.2mbpd, after the restart of the 300kbpd Sharara oil field, the country’s oil minister Mohamed Oun told Bloomberg on Monday.



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