Libya’s Production Increases to 500,000 BBL/D
Libya’s daily oil production continues to see a meteoric rise since the resumption of operations, with oil production rising to 500,000 barrels of oil per day (bbl/d).
Libya’s daily oil production continues to see a meteoric rise since the resumption of operations, with oil production rising to 500,000 barrels of oil per day (bbl/d).
Libya has restarted production at the Messla oil field with an output of 10,000 barrels of oil per day (bbl/d).
Libya’s National Oil Corporation (NOC) has confirmed negotiations are ongoing between the GNA, NOC and regional countries, under the supervision of the UN and the US to resume oil production.
Libya's National Oil Corporation (NOC) has confirmed that oil operations at EL Feel oilfield have resumed and that the force majeure pertaining to El Feel and Sharara have also been lifted
Libya has started the gradual re-implementation of operations at the country’s huge Sharara oilfield following a four month illegal blockade.
Oil prices witnessed a surge on January 20 after Libya's El Shahara and El Feel oilfields have been shut down, leading to halving the country's production.
The field was a joint opperation between the NOC and Eni, producing 70,000 barrels per day (b/d) previous to the force majeure.
After a prolonged disruption, production at the Libyan oil fields of Sharara, El Feel, and Hamada has resumed.
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