China Overtakes Germany, Now Libya’s No. 1 Customer

*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)