Nov 17 2011 |
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First Tanker From Repsol's Libya JV Seen Early Dec - Manager
Thursday, Nov 17, 2011
LONDON (Dow Jones)--The first oil tanker from Repsol YPF SA's (REP.MC) Libya joint venture is expected to be loaded early December, a local manager said late Wednesday.
The expected shipment from Akakus Oil Operations--the first since the toppling of Moammar Gadhafi--is the latest evidence that Libyan oil is returning to global markets.
Speaking to Dow Jones Newswires, Najeeb Tantoush, the manager in charge of operations at the giant Sharara field, said: "The first tanker, it will be by the first week of December." It will lift over 600,000 barrels from the Zawiya terminal and be marketed by Libya's National Oil Co., he said.
Its output was 340,000 barrels a day before the war.
-By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; benoit.faucon@dowjones.com
(END) Dow Jones Newswires
17-11-11 1227GMT
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