
Production at two oilfields in southern Libya has restarted after it was suspended for several months, a national oil company official said on Monday. Mohamed al-Harairi of Libya's National Oil Corporation (NOC) told AFP the Sarir and Msala oilfields had "resumed production on Sunday". Electricity production in the North African nation has been affected since July when armed protesters demanding regional autonomy blockaded the main oil facilities in the east. Oil output has plunged to about 250,000 barrels per day from nearly 1.5 million bpd normally. Foreign firms tasked with repairing power plants damaged in the uprising have also pulled out staff in the face of persistent unrest. The NOC spokesman said the Al-Hariga export terminal in eastern Libya, which has been closed for several months due to protests by local people, would reopen soon after negotiations with protesters. Oil is Libya's main resource, and accounts for 80 percent of state revenues.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor