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Sharara’s production to return to 315K bpd in 60 days

Production at el-Sharara oil field will gradually return to its normal rate within 60 days, according to a Sunday statement issued the by Libyan Council for Oil and Gas (LCOG).

The LCOG said the National Oil Corporation (NOC) should form an executive entity to work on improving the production of the oil field.

Sharara, located in southwestern Libya, is one of the country’s biggest oil fields with a production of 315,000 barrels per day.

On Dec. 19, Libya’s Government of National Accord (GNA) announced the reopening of the Sharara oil field after Faiez Sarraj, head of the Presidency Council, concluded an urgent visit to the field in Ubari city.

During the visit, Sarraj met with representatives of the Fezzan Anger Movement as well as security and military leaders in the region. In the meeting, the president asserted his understanding of the reasons for the protest that shut the field down and recognized demands he considered legitimate.

The meeting came two days after the NOC declared a force majeure on Sharara oilfield, which had been seized by the Fezzan Anger Movement.

Since Dec. 8, Libyan tribesmen have protested at Sharara oilfield and threatened to cease production until their demands are fulfilled.

The movement demands the securing of the road linking al-Jafra and al-Shuwairf towns to Fezzan, preserving Fezzan’s water and oil resources, and providing basic medical needs including equipment for Fezzan’s hospitals, according to the group’s spokesperson Mohammad Maighal.

Living conditions in Fezzan have deteriorated over years due to tribal clashes and a lack of security.

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