The Arab Gulf Company, affiliated to the Libyan National Oil Corporation, announced, on Tuesday, the resumption of production at Al-Sarir, the largest oil field in the country.
The President of the Arabian Gulf Company, Muhammad Balkasim bin Shatwan, said in a statement published by the company through its official Facebook account: “With the help and praise of God, and thanks to the arms and determination of the company’s sons, yesterday, Monday, the operation of the bedside oil field, which is the company’s largest field, and one of the major fields in Country and Africa. “
He added: “Despite the difficult conditions of movement and the distance, precautions and measures imposed by the Corona pandemic, the company’s employees were able, wholeheartedly and devotedly, to start operating the Al-Sarir field to continue working diligently to operate the entire field in a safe environment.”
Bin Shatwan did not give a figure for the volume of production in the field after it was restarted.
The volume of production from the Al-Sarir field was about 300 thousand barrels per day before the closure of oil fields and facilities by the militia of the coup, Khalifa Haftar, on January 17 last, which led to a decline in Libya’s oil production to less than 100 thousand barrels per day from about 1.2 million Barrels per day before closing.
On September 18, Haftar announced the lifting of the siege of closed fields and facilities, and the resumption of oil production and exports.
The day after Haftar’s announcement, the National Oil Corporation lifted the status of force majeure in the oil fields and installations, which allowed the resumption of production in the El Sharara field and work in safe fields and facilities.
Since then, many ships have started loading crude into Libyan ports.
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