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

News Image

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

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 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,865.00 77,935.00
76,105.00
1090.00
1.44%
BRENT CRUDE 98.44 98.88
97.12
2.30
2.39%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 92.07 93.90
89.41
-4.53
-4.69%
SUGAR #11 WORLD 14.68 0.00
0.00
-0.02
-0.14%

Chart of the Day


Latest News
May 26, 2026 at 04:42 AM GMT+05:00

BankIslami launches FOCUS


May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg