ROME – Libyan crude exports recovered to significantly last month, with Spain and Italy the biggest buyers, London-based Argus news website reported on Friday.
Argus tracking shows Libya shipped 489,000 b/d of crude in October, more than triple the amount exported in September but still well short of the full-year 2019 average of slightly over 1mn b/d.
Just under 140,000 b/d of Libya’s October crude exports sailed for Italy. Spain was the second-largest buyer, taking just under 78,000 b/d. More than 40,000 b/d departed for France, while the Netherlands, China and Malaysia took 32,000 b/d each.
Much of October’s exports came from storage, as opposed to fresh production. Exports this month are likely to be higher as production continues to ramp up.