Libya expected to export 1.29 mln bpd of crude in MayApril 16, 2012 - 16:34 AMT PanARMENIAN.Net - Libyan crude oil exports are expected to amount to 40 million barrels in May, or 1.29 million barrels per day (bpd), a senior official at Libya's state-owned National Oil Corporation (NOC)said on Monday, April 16, according to Reuters. NOC plans to sell 30 million barrels, while firms that receive oil for investing in Libyan production are expected to take 10 million barrels. The May exports are on par with April's, also expected to be 40 million barrels, or 1.33 million bpd when divided over a smaller number of days in the month. NOC is selling a greater share in April at 34 million barrels, however, while firms with an equity interest are taking 6 million barrels. The restart date of Libya's largest refinery, Ras Lanuf, is still uncertain, awaiting higher production by NOC subsidiary Agoco from the Sarir and Messla fields, which currently account for 200,000 bpd out of Agoco's total output level of 324,000 bpd. Total Libyan crude oil production is averaging 1.484 million bpd, according to the official. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |