Major oil field in Libya resumes production after 6-month suspension

MG News | July 14, 2018 at 07:05 PM GMT+05:00

0:00

TRIPOLI, July 14: El-Feel oil field in southern Libya resumed production on Saturday after six months of suspension due to protests.

"The workers of El-Feel oil field last night concluded the field's resumption of operation," the field's management said in a statement.

The resumption came two days after the state-owned National Oil Corporation (NOC) lifted the suspension of operation in the field.

The oil field had been closed since February because of withdrawal of protesting security guards.

The production capacity of the field is about 50,000 barrels per day, which is expected to increase this week to about 70,000 barrels per day, according to the statement.

Meanwhile, the oil and gas company Mellitah announced that it will start drilling two new oil wells in the Bouri offshore field.

The move seeks to develop offshore fields in order to increase the country's daily oil production, the company said.

(Xinhua/APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,174.49 344.20M	1.01% 1836.37
ALLSHR	110,725.47 802.30M	1.02% 1116.66
KSE30	56,462.88 128.04M	0.96% 535.72
KMI30	261,050.23 116.63M	1.37% 3522.37
KMIALLSHR	71,230.99 382.91M	1.23% 862.76
BKTi	53,229.04 40.62M	1.01% 532.20
OGTi	38,590.42 18.06M	1.28% 488.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,560.00	84,945.00 81,210.00	160.00 0.19%
BRENT CRUDE	69.83	70.21 67.79	0.24 0.34%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-0.90 -0.99%
ROTTERDAM COAL MONTHLY	103.70	103.70 99.40	4.90 4.96%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.74	66.11 63.64	0.32 0.49%
SUGAR #11 WORLD	14.26	14.71 14.15	-0.44 -2.99%