National Oil Corporation announces reopening of major Libyan oilfield

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Crude Oil
Crude Oil

THE state-owned National Oil Corporation (NOC) of Libya, on Monday, announced that El Feel oilfield has been reopened after it was closed by tribal leaders in January.

“NOC announces the resumption of oil production at El Feel oilfield on Sunday and confirms the lifting of force majeure on crude oil exports from the Sharara and El Feel fields starting Sunday and Monday respectively,’’ said a company statement.

Production at El Feel field will start at a capacity of 12,000 barrels per day, while the full capacity production is expected to be reached in 14 days, given the damage caused by the shutdown, the statement added.

NOC on Sunday announced the re-opening of Sharara oilfield, the largest in the country, saying its full capacity production was expected to be reached in 90 days.

Oilfields and ports of Libya were closed in January by tribal leaders in eastern Libya, who accuse the Tripoli-based UN-backed government of using oil revenues to support armed groups against the east-based army.

The NOC confirmed that closure of the oilfields and ports have caused losses of more than $5.2 billion so far. (Xinhua/NAN)

– June 9, 2020 @ 9:12 GMT |

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