Arabian Gulf Oil Co’s Libyan fields resume production up to 120,000 barrels per day

Arabian Gulf Oil Co’s Libyan fields resume production up to 120,000 barrels per day

Libya’s Arabian Gulf Oil Company has resumed production of up to 120,000 barrels per day (bpd) to meet domestic needs while exports remain halted, engineers said on Sunday, after a factional standoff shut most of the country’s oil fields.

On Saturday, Arabian Gulf Oil Company, operator of the Sarir, Messla and Nafoura oil fields in Libya, issued an instruction to restart production.

The restart, below the fields’ full capacity, is intended only to provide electricity and fuel to plants for domestic needs, engineers told Reuters. They spoke on condition of anonymity because they were not authorized to speak publicly.

Factions in eastern Libya, where oil production is concentrated, halted output in August after ruling factions in western Libya ousted Libya’s veteran central bank governor, Sadiq al-Kabir, and replaced him with a rival council.

Source: Terra

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