Libya oil exports to hit 1.2 mln bpd in Feb -NOC

Libya plans to export close to 1.2 million barrels of oil per day (bpd) in February, up from around 970,000 bpd in January, a senior National Oil Corporation (NOC) source said on Thursday.

Libya is currently pumping 1.265 million bpd, the source added, as output continues to head towards pre-war levels of around 1.6 million bpd.

Earlier this month, Deputy Oil Minister Omar Shakmak said oil production would reach pre-war levels by June or July this year.

The number of cargoes exported per month, including those shipped by equity partners, will reach 59 in February, the NOC source said.

There was still no date set for restarting the country's largest refinery, Ras Lanuf, which can process 220,000 bpd and accounts for well over half of Libya's refining capacity, he added.

Sources at Libya's state oil body previously said the Ras Lanuf plant might resume operating once Benghazi-based Arabian Gulf Oil Company (Agoco) returns to full oil output.

(Source: Reuters)

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