The move potentially paves the way for Libya to raise its oil output significantly
Libya ’s eastern-based government and Tripoli-based National Oil Corporation announced on Thursday the reopening of all oil fields and export terminals after a dispute over the leadership of the central bank was resolved.
Libya was producing about 1.2 million barrels of crude per day before output at the Sharara, El Feel and Essider oil fields was halted in late August and early September. It was exporting most of it. In September, exports averaged 460,000 bpd according to oil analytics firm Kpler. Elfeel has a capacity of 70,000 barrels per day and is operated by Mellitah Oil and Gas, a joint venture between NOC and Italy’s Eni.
Noc Bank Oil Libya Maintenance Sharara Field Operations Repsol National Oil Corporation NOC
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