#EconomicAnalysis #Economy #EntreprisesLife #Oil #LIBYA
Denys Bédarride
Friday 13 November 2020 Last update on Friday, November 13, 2020 At 4:12 PM

According to the Bloomberg agency, Mustapha Sanallah, CEO of the National Oil Corporation (NOC), announced an increase to 800,000 barrels per day (bpd) as of October 31 in crude oil production, hoping it will reach 1.3 million at the start of 2021.

Production from the Sharara field notably reached 185,000 bpd and could reach 250,000. The al-Samah field (Wahat area, Cyrenaica) is also resuming production after a 10-month hiatus.

The CEO of the NOC also inaugurated on November 6 the Sinoun oil field (west of the country) operated by its subsidiary the Arabian Gulf Oil Company (AGOCO, based in Benghazi), the first field developed since the revolution of 2011.

It is expected to produce 10,000 bpd in its initial phase and 50,000 bpd in its peak phase. At the same time, on November 5, the Zawiya refinery (the only one in the west) announced the resumption of production activities for petroleum derivatives (cooking gas, benzene, naphtha, etc.) and the export of crude oil to through its port.

Source French Embassy in Tunisia