Libya ships million barrels of crude oil to Singapore

An oil tanker named “Zino” departed Libya’s Zuwaytina port on Sunday, shipping a million barrels of crude oil to Singapore, according to 218 correspondent.

This Libyan shipment is not the first heading for international markets. Libya’s National Oil corporation (NOC) has already shipped huge shipments to China, Australia and the United States.

In an earlier statement, NOC Chairman Mustafa Sanalla said the foundation hopes to raise its daily production to two million barrels by the year 2020.

Last September, Sanalla said although Libya has witnessed instability and several oil field shutdowns since 2011, its oil production climbed to its highest rate since 2013 and could go even higher if security at the nation’s energy facilities were improved.

On the other hand, he explained that ongoing instability in the country with Africa’s largest oil reserves means the NOC may have to revise its 2022 production target of more than two million barrels a day, according to Bloomberg.


Related Articles