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FINANCIAL NEWS
Libya to restart output operations at two main oilfields
04 Oct 2011
(MENAFN) Libya’s National Oil Corporation’s chairman, Nouri Berouin, said that this month, two main oil fields in the country would restart output operations, reported Arab News.
Berouin added that the combined capacity of the two oilfields was 450,000 barrels per day (bpd), on the other hand, he said that the country’s pre-war output capacity would return back to normal in around 15 months, however, at the current time, Libya’s production was 350,000 bpd.
He also said that Libya’s refining capacity would stay incomplete until Ras Lanuf refinery would resume output operations in 1 to 2 months.
It is worth noting that operations at the Zawiya refinery started again and the refinery was running at around half capacity.
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