LIBYA: NOC Plans for the Gradual Resumption of Oil Production
Libya has said it is planning for gradual resumption of oil production across various fields even as the national oil company continues to monitor closely the security situation at all its sites, including the safety of workers, facilities and equipment in both fields and ports. This follows the lifting of force majeure on Tuesday, September 22, 2020 with the operator of the Zueitina Oil Company already instructed to initiate production arrangements.
This was after a security assessment of Zueitina port and Zueitina Oil Company’s fields showed a significant improvement in the security situation that allows the National Oil Corporation (NOC) to resume production and exports to global markets.
Zueitina Oil Company is the main supplier of LPG and also an important source for the coastline system, which enables the rest of the operators to supply the North Benghazi and Zueitina power plants with gas, which alleviates the suffering of the people in the greater city of Benghazi and its suburbs and provides clean and regular natural gas.
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