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*With Libyan crude output reaching a six-year high of 1mn b/d in 2018 it is no wonder that exports followed suit; at around 900,000 b/d they were the highest since 2012. China has moved in to drink up the increased volumes, importing 172,000 b/d in 2018, overtaking Germany’s 145,000 b/d to claim the top spot.
*China took just under a fifth of all Libyan volumes last year, recording a whopping 168% increase on 2017’s 65,000 b/d and topping the previous record on 147,000
b/d set in 2012 ( MEES, 1 March 2013 ).
*Traditional European customers Germany, Spain and Italy all increased imports but this doesn’t mask Libya’s shift towards Asia. (CONTINUED - 327 WORDS)
DATA INSIDE THIS ARTICLE
|chart||China Overtakes Germany As Libya’s Top Crude Importer With 172,000 B/D In 2018 As Total Exports Hit A Six-Year High ('000 B/D)|