Libya exported 1.2 million barrels of oil per day in January

Oil&Gas Materials 27 March 2013 13:48 (UTC +04:00)

Azerbaijan, Baku, 27 March / Trend A.Taghiyeva /

In January 2013, Libya exported 39 million barrels of oil, according to the report the Libyan National Oil Company published on Wednesday on its official website.

Of the total exports of oil, 29.4 million barrels were shipped by the Libyan National Oil Company and the rest by private companies. This meant in January 2013, Libya exported on average, 1.2 million barrels of oil per day.

According to the report, the country's income from oil exports in January amounted to $3.3 billion.

Oil production in Libya in January was 1.4 million barrels per day. The total volume of oil production in January was 43.4 million barrels.

According to the report, during this period most of Libya's oil was exported to Italy - 11.8 million barrels (40 per cent of total exports), France five million barrels (12 per cent) and India two million barrels (seven per cent).

During the reporting month, Libya exported one million barrels of oil (3.6 per cent) to Turkey. In general, Libya exported oil to 10 countries in January. The Libyan domestic market used 4.3 million barrels, according to the report.

Libya is the eighth largest producer of oil among the 12 member states of the Organisation of Petroleum Exporting Countries (OPEC), and third in Africa after Nigeria and Angola.

Libya's proven oil reserves total 45 billion barrels. Prior to the revolution Libya was producing 1.5 million barrels of oil per day. Oil exports restarted in 2012.