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LIBYA - Marketing.


Libya's main markets for crude oil and products are Italy, Germany, Spain, France, Austria, Greece, Britain, Switzerland, the UK, India, China and South Korea. Exports to the US were resumed in 2004 after the lifting of American sanctions.

Libya's main export grade is es-Sider (36-37[degrees] API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ), a blend of crudes produced by Waha Oil Co. (a NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network,  JV with US firms). Other export grades include Bu Attifel (41[degrees]), Brega (40[degrees]), Sirtica (40[degrees]), and Sarir (38[degrees]). The crude oils are priced on monthly basis and pegged to Dated Brent.

Over 85% of crude exports are sold on term basis. NOC's biggest term customers for crudes are Agip (which usually takes between 220,000-240,000 b/d), Repsol (taking over 200,000 b/d), OMV OMV Open Market Value (automobiles)
OMV Orbital Maneuvering Vehicle
OMV Oblates of the Virgin Mary (religious order)
OMV Österr Mineralöl Verwaltung (Austrian Mineral Oil Administration) 
 (100,000 b/d), and Tupras of Turkey (60,000-70,000 b/d). Other term clients include API of Italy, Cepsa of Spain, Total, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California)
BASF Badische Anilin und Soda Fabrik (German chemical products company)
BASF Builders Association of South Florida
 of Germany, Nova and DEP DEP Deposit
DEP Deputy
DEP Department of Environmental Protection
DEP Dependent
DEP Departure
DEP Depot
DEP Deposition
DEP deployed (US DoD)
DEP Data Execution Prevention (computer security) 
 of Greece, BP and Shell.

NOC supplies gasoline and other fuels to Zimbabwe and other African countries whose regimes are allied to Col. Qadhafi. To this category of countries, Libyan fuel prices are discounted. The Libyan Arab Foreign Investment Bank gives these countries credits to cover their purchases from NOC.

Spot sales have been cut considerably since the beginning of 1993, when NOC stopped letting es-Sider be traded freely. Spot sales now involve a few shipments per month. Spot sales are partly bound for Asia.

It is not yet clear how the sale of a majority in Oilinvest has affected NOC's crude oil supplies to this company and Tamoil. Until last month, Oilinvest used to take up to 350,000 b/d of crude from NOC. Each of Oilinvest's units in Europe has been pricing fuels in the local currency in competition with other retailers.

Petrochemicals are handled by Chempetrol International. Exports of petroleum products from Libya average about 45,000 b/d and include LPG LPG: see liquefied petroleum gas.

1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities.
. The products, now sold mostly to African countries, include fuel oil, gasoil and jet kerosine kerosene, kerosine

see paraffin (2).
.
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Publication:APS Review Oil Market Trends
Date:Jul 16, 2007
Words:339
Previous Article:LIBYA - Saudi Supply Cut.
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