While Libya’s National Oil Corporation (NOC) reported lower year-on-year export revenues in the first 10 months of 2019, the country’s top four customers – Spain, China, Germany and Italy – are all on track to increase volumes.
No wonder. Libya’s crude production averaged 1.13mn b/d in the first 10 months of 2019, which is up 16% on the same period in 2018. If the troubled North African country can keep it up then it will close 2019 at a seven-year high. (CONTINUED - 523 WORDS)