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Article: LIBYA - Part 3 - Exports & Logistics.
- Article from:
- APS Review Oil Market Trends
- Article date:
- July 19, 1999
CopyrightCOPYRIGHT 1999 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Libya now exports about 1 million b/d of crude oil and 150,000 b/d of refined petroleum products. The volumes have declined from 1.1m b/d of crude oil and 205,000 b/d of refined products in mid-1997. The country has all the logistics required to maintain its market shares, with exports of high quality oil expected to increase within the next three years.
A priority in Libya's export strategy is to maintain a form of integration between its upstream sector and the oil and gas markets of Europe. The link now features key E&P investors in Libya like Agip of Italy, Total of France, Veba Oel and Wintershall of Germany, OeMV of Austria, and Repsol of Spain (see ...