Conoco says not exporting Libya oil due sanctions

HOUSTON, March 7 Mon Mar 7, 2011 12:48pm EST

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HOUSTON, March 7 (Reuters) - ConocoPhillips (COP.N) is in full compliance with U.S. sanctions against Libya and is not exporting oil from that country.

"We are full compliance with U.S. sanctions, a company spokesman said on Monday.

Conoco has a non-operating 16 percent interest in the Waha concessions in Libya. Net oil production averaged 46,000 barrels per day in 2010, versus 45,000 barrels per day in 2009, according to a regulatory filing.

In the 2010 fourth quarter, Conoco's daily output averaged 1.73 million barrels of oil equivalent.

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