December 15, 2011 / 6:36 PM / 8 years ago

UPDATE 1-Libya names 10 winners for its 2012 oil supplies

 * Traditional clients such as oil majors among winners
 * Trading firms not on initial list - NOC
 * Libya issues first official selling prices since war

 (Adds detail, trader comment, price table)	
 By Emma Farge	
 LONDON, Dec 15 (Reuters) - Libya's National Oil
Corporation (NOC) named 10 companies that will get priority
access to term supplies of its crude oil in 2012, including
traditional buyers among European refiners that stood by the
country's new leaders in its civil war.	
 A senior source at the NOC said that the following companies
would definitely receive crude oil volumes next year: Repsol
, Total, Eni, Royal Dutch Shell
, OMV, ConocoPhillips, Saras,
BP, Galp and Exxon Mobil.	
 "We will give priority to all these companies," said the
source, adding that the full list will be published on the NOC's
website in the next few days.	
 Oil traders at two firms on the list confirmed that they had
been contacted by the NOC, but did not disclose exact volumes.
An industry source also said that Italian refiners ERG 
and Api also received some supplies.	
 Libya was Africa's third largest producer before the war,
pumping around 1.6 million barrels per day and exporting about
1.3 million bpd, mostly to European clients.	
 The country's oil output has hit 1 million barrels per day,
its oil minister said earlier this week after an OPEC meeting,
in a further sign of its more rapid than expected recovery after
an eight-month long conflict.	
 The 2012 allocations may come as an initial disappointment
to oil trading companies who were among the roughly 50 companies
that attended talks last month in Istanbul on future supplies.	
 Libya's powerful oil body the NOC traditionally only signed
term contracts with end-users but its post-revolution leaders
have invited trading firms to compete for volumes.	
 The NOC source said that it might make further allocations
to other firms, such as trading companies Vitol and Glencore
 In another sign that Libya's oil industry is resuming its
normal activities, the NOC on Thursday issued its first Official
Selling Prices (OSPs) since the conflict, traders said.
 This included volumes of the Sarir grade which has been sold
separately by NOC subsidiary Agoco since the conflict began in
 "It looks like it (the NOC) is reverting back to the old
ways," said a Mediterranean crude oil trader.	
 Traders said they are still waiting for the result of
Libya's fuel import tenders for 2012, with two trading sources
adding they have been invited back to Istanbul for further
 Following is the table of OSPs for Libyan crude for January
loading. Prices are expressed in differentials to Dated Brent
per barrel, except for Bouri and Al-Juarf, which are priced
against the Urals price assessment in the Mediterranean.	
 El-Sharara         +$1.30  
 Melittah           +$1.20
 Brega              +$0.60
 Zuetina            +$0.80
 Sirteca            -$0.20
 Es-Sider           +$0.70
 BU Attifel         +$1.40
 Amna               +$1.00
 Sarir              -$0.20
 Bouri              +$0.25
 Al-Jurf            +$0.40
 (Reporting by Emma Farge; Additional reporting by Ikuko
Kurahone; Editing by Anthony Barker)	
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