Home / Economy / Libya increases oil production and is already preparing the second payload

Libya increases oil production and is already preparing the second payload

Ливия увеличивает добычу нефти и уже готовит второй груз

Operators of the Libyan oil fields began to increase production after receiving the okay from National Oil Company (NOC) of Libya. The extracted volume will be exported from the port Zuetina.

In particular, the German Wintershall AG September 16 resumed production on the well Concession 96 field As the SAR. Currently the company mines here 35 thousand barrels of oil per day. Tanker Ionic Anassa will arrive for the raw materials in the port Zuetina October 3, reports the information resource of World Oil.

“Libyan output is showing signs of recovery,” — said in this regard, Olivier Jacob, Executive Director of Petromatrix GmbH in Zug, Switzerland.

Recall that NOC has cancelled force majeure for the ports Zueitina, es-sider and RAS lanuf September 14, after they took army units East of the Libyan government. General Khalifa Haftar, commander, officially handed over these ports under the control of NOC.

The first two years of the tanker with 776 thousand barrels of Libyan oil — the Maltese Seadelta — left the port of RAS lanuf on September 21. Libya is, without exaggeration, a historic event since the country has made the supply of oil to export for the first time since November 2014.

The resumption of oil exports and from port terminals Zuetina will give additional impetus to the reconstruction of the Libyan economy destroyed by the civil war. The representatives of the NOC has said that oil production in the country in the period up to the end of the year will increase from 290 thousand to 950 thousand barrels per day, correspondingly will increase and exports.

Check Also

Will America manage a soft landing in 2024?

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be …