Libyan oil exports to Egypt not in sight currently, NOC says

Libyan oil exports to Egypt not in sight currently, NOC says

December 22, 2016 - 22:53
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Written By: AbdulkaderAssad

The Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalllah, said Libya won’t export oil to Egypt in the forthcoming period of time.

In a press statement on the margins of his participation as the head of Libya’s delegation in the OAPEC meeting in Cairo, Egypt, Sanallah said all of the news stories said about Libya’s efforts to export oil to Egypt are incorrect and mere speculations, pointing out that there is no official agreement made by the NOC in that regard.

“Libya’s inability to export oil to Egypt lies in the small rates of production that currently range within 635 thousand barrels per day (bpd).” Sanallah indicated.

Several eastern political figures, including Khalifa Haftar’s legal advisor, House of Representatives members and Al-Thanni government officials, stated earlier this year that Libya would export oil to Cairo for free so it can help Egypt recover from the halt of Saudi oil supplies.

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