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

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 167,642.28
291.89M
-0.25%
-419.92
ALLSHR 101,179.88
772.85M
-0.01%
-5.31
KSE30 51,000.17
132.20M
-0.41%
-209.51
KMI30 240,508.51
109.07M
-0.51%
-1236.96
KMIALLSHR 65,986.51
342.54M
-0.22%
-146.91
BKTi 45,434.36
43.62M
0.11%
51.23
OGTi 32,945.97
16.91M
-1.30%
-432.38
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 93,100.00 93,385.00
91,405.00
1645.00
1.80%
BRENT CRUDE 62.43 62.57
62.18
-0.02
-0.03%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.10
1.22%
ROTTERDAM COAL MONTHLY 99.40 99.55
96.45
1.85
1.90%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 58.62 58.73
58.37
-0.02
-0.03%
SUGAR #11 WORLD 14.97 15.07
14.72
0.21
1.42%

Chart of the Day


Latest News
December 02, 2025 at 05:06 PM GMT+05:00

PKR rises by 3 paisa against USD


December 02, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Make Hay While It Shines


December 02, 2025 at 03:47 PM GMT+05:00

CSF returns, interest doesn’t



Top 5 things to watch in this week

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