Libya’s National Oil Company (NOC) said it has reopened two oilfields this week, as it continues to recover oil production lost during the civil strife that followed the downfall of the country’s former dictator, Muammar Gaddafi, five years ago.
Libya's National Oil Corporation spokesman has reported that the country's oil production rose to 670,000 bbl/day this week, up from the 363,000 bbl/day that the country produced when OPEC members representatives met in Algeria the last week of September.
Libya has achieved the unthinkable: oil production in the war-torn country is actually up substantially in recent weeks, as some idled oil fields came back into operation.
Agreement on peace in Libya – the German-African Business Association hopes the country to stabilize
The Libyan opposing parties agreed during the UN peace negotiations on a first peace plan. The German-African Business Association appreciates this positive development and hopes on an establishment of peace in the near future.
Pathfinder Trade and Invest will be sending a multi-sector trade delegation to Tripoli, Libya for an overseas export-oriented meet, between the 21st to ...