Libya's Sarir oilfield restarts production

Alwasat - Cairo Wed 30 Sep 2020, 11:52 AM
alwasat radio

Libya’s Sarir oilfield has restarted production said AGOCO chairman Mohamed Shatwan on Tuesday, after an eight-month blockade on energy facilities was lifted.

Shatwan did not put any figures on initial output levels at Sarir, which was producing more than 300,000 barrels per day (bpd) last year.

National Oil Corporation (NOC) lifted force majeure on output and exports from some facilities this month while keeping restrictions on those where it said fighters remained.

The blockade cost about $10 billion in lost revenue, NOC and the Tripoli-based Central Bank of Libya have said.

Exports have restarted and some fields have begun pumping again, though NOC has said it will take a long time to restore output to pre-blockade levels because of damage to fields.

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