Dubai (Platts)--11Feb2013/848 am EST/1348 GMT
The Libyan National Oil Company said Monday that the Sirte Oil Company had shipped its first LPG cargo from the Brega terminal after resuming production that had been halted since the start of the Libyan rebellion in February 2011. NOC said in a statement posted on its website that the Sirte Oil Company had produced more than 34,000 barrels of LPG since resuming production on December 31 and exported one cargo of 19,5000 barrels. Libyan oil production was all but completely halted shortly after the start of the rebellion against Moammar Qadhafi two years ago. Oil output, which averaged 1.6 million-1.7 million b/d before the crisis, has returned to near normal levels but gas production has not been restored to full capacity. The Sirte Oil Company, an NOC subsidiary, is involved in oil and gas production as well as refining and petrochemicals production.--Kate Dourian, kate_dourian@platts.com--Edited by Jonathan Fox, jonathan_fox@platts.com Sign up to LP Gaswire today. LP Gaswire reports on the LPG/NGL industry every business day. It details emerging market trends, pricing, and market news for ethane, iso-butane, natural gasoline, normal butane, and propane in the Japan, Arabian Gulf, Mediterranean, Northwest Europe, and U.S. Gulf Coast markets.
The Libyan National Oil Company said Monday that the Sirte Oil Company had shipped its first LPG cargo from the Brega terminal after resuming production that had been halted since the start of the Libyan rebellion in February 2011. NOC said in a statement posted on its website that the Sirte Oil Company had produced more than 34,000 barrels of LPG since resuming production on December 31 and exported one cargo of 19,5000 barrels. Libyan oil production was all but completely halted shortly after the start of the rebellion against Moammar Qadhafi two years ago. Oil output, which averaged 1.6 million-1.7 million b/d before the crisis, has returned to near normal levels but gas production has not been restored to full capacity. The Sirte Oil Company, an NOC subsidiary, is involved in oil and gas production as well as refining and petrochemicals production.--Kate Dourian, kate_dourian@platts.com--Edited by Jonathan Fox, jonathan_fox@platts.com
LP Gaswire reports on the LPG/NGL industry every business day. It details emerging market trends, pricing, and market news for ethane, iso-butane, natural gasoline, normal butane, and propane in the Japan, Arabian Gulf, Mediterranean, Northwest Europe, and U.S. Gulf Coast markets.
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