The year is not yet over, but Libya’s crude oil exports to China in value terms are already worth twice as much as what the North African country exported to China last year, the head of the National Oil Corporation said, as quoted by Reuters. Since January, Libyan oil exports to China have hit a value of US$3.5 billion. This compares with US$1.7 billion for the whole of 2017 when Libyan fields suffered pretty much regular outages. This year has not been without outages and pipeline blockades either. Still, NOC and its partners have managed to weather the effects of these interruptions—in one case involving as much as 850,000 bpd in production—and expand Libya’s production rate to 1.3 million bpd . Pans are to raise this further to 1.6 million bpd by the end of next year. China will naturally be a top destination for this higher crude production, […]