Libya is on track to clock a six-year high $25.4bn from crude exports for 2018 if it can keep up the 1.2mn b/d exports it managed in October whilst prices stabilize at current levels.

These gross revenue figures are based on MEES estimates of Libya output and exports as well as prevailing international prices for Libya’s key Es Sider export grade.

In reality the revenues bagged by Tripoli are probably substantially lower given the likely need to discount crude sales to compensate for...