Libya up to 4th in Germany's Jan oil imports

A recovering Libyan oil sector sent 595,000 tonnes of crude to Germany in January, up from 388,000 tonnes in December and fourth highest in Germany's oil imports, economic and foreign trade statistics office BAFA data showed on Wednesday.

The figure was down from 748,000 tonnes in January 2011. Fighting broke out in Libya in February between rebels and forces loyal to former leader Muammar Gaddafi, which damaged oil installations and disrupted exports.

Germany's January oil import bill at 5.0 billion euros was up 14.0 percent from a year earlier, BAFA data showed. Germany's average border oil prices in the month, at 633.71 euros a tonne was up 17.1 percent from January 2011.

Oil imports by volume fell 2.7 percent year on year to 7.9 million tonnes. Some 38 percent came from Russia, 26.2 percent from the British and Norwegian North Sea and 18.5 percent from OPEC members, among others.

Another noticeable factor was Syria, which is engulfed in violence, sent no oil for a second consecutive month and after just 7,000 tonnes in November. Syria ranked ninth among Germany's suppliers for the full year 2011.

BAFA gave the following details, among others, for the top 10 crude oil import sources (in '000 tonnes). There were 31 origins in total:

                          Jan '12           Jan '11   	
Russia                     3,033             2,789	
Britain                    1,217             1,158	
Norway                       883               836	
Libya                        595               748	
Nigeria                      576               476	
Kazakhstan                   388               722	
Egypt                        294                89	
Azerbaijan                   233               382	
Algeria                      204               210	
Tunisia                       71                 0

(Source: Reuters)

No comments yet.

Leave a Reply