Turkey starts importing Libyan oil in February
Azerbaijan, Baku, Feb.16 / Trend, A.Taghiyeva /
Turkey began importing Libyan oil in February, Libyan National Oil Company said in a report on its official website on Thursday.
During the period from Feb.1 to Feb.14, Turkey imported 999,800 barrels of oil, which hits 2.2 percent of total export of Libyan oil.
In addition to Turkey, in February Libyan oil was also imported by Germany - 1.053 million barrels, Canada - one million barrels, Portugal - 628,000 barrels, and Singapore - 367,000 barrels of oil.
Libya's revenues from oil sale from October 2011 (after the revolution in the country) to January 2012 amounted to $8.9 billion, while only in January 2012 revenues totaled $3.5 billion.
As Libyan National Oil Company told Trend, the country plans to increase oil production by the spring of 2012 up to 1.7 million barrels per day, which exceeds pre-revolutionary volumes.
Libya is the eighth in terms of oil production among 12 OPEC countries and the third in Africa after Nigeria and Angola. The main importer of Libyan oil is Italy, followed by Germany, France and Spain.
Libya's proven oil reserves are 45 billion barrels. Libya extracted 1.5 million barrels of oil per day before the revolution.