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Libya ups hydrocarbons production

Oil&Gas Materials 29 May 2012 14:19 (UTC +04:00)
Oil production in Libya was 1.55 million barrels per day in May 2012, which is a record figure for the period after the revolution in the country in February 2011, Libyan National Oil Company said in its report on its website on Tuesday.
Libya ups hydrocarbons production

Azerbaijan, Baku, May 29 / Trend, A.Taghiyeva /

Oil production in Libya was 1.55 million barrels per day in May 2012, which is a record figure for the period after the revolution in the country in February 2011, Libyan National Oil Company said in its report on its website on Tuesday.

Export of oil from Libya amounted to about 6.605 million barrels per week.

Libya ranks eighth in terms of oil production among 12 member countries of the Organisation of Petroleum Exporting Countries (OPEC) and 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 1.6 million barrels of oil per day before the revolution.

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