Vienna-based OMV bought the 575,000 barrels of condensate two weeks ago from Libya`s Arabian Gulf Oil company (AGOCO). It will be used in OMV's Schwechat refinery for fuel production.
Meanwhile, libya’s interim government said on Monday the level of oil output was improving at a faster rate than expected but said it would take 12-18 months for production to return to normal.
Mahmoud Jibril, a senior member of the government, told a news conference that he would not give details about output for security reasons, as the oil sites could become targets for attack.
“It will take one to one-and-a-half years for production to reach its normal rate,” he said, adding that the average rate of improvement was “better than expected.”
A senior source in Libya’s National Oil Corporatoin said last month that the country’s total output could reach 500,000 barrels per day or nearly a third of pre-war output by early October.
