
Libya boosts oil output after force majeure lifted at ports
German energy group Wintershall has restarted production at the As Sarah field in eastern Libya and is preparing for exports, according to a media report.
Bloomberg cited a company official as saying the field is producing 35,000 barrels a day (b/d), after it was restarted at the request of state-owned National Oil Corporation (NOC). Oil will be transported to the port of Zueitina for export.
NOC removed force majeure at Zueitina and export terminals El-Sider and Ras Lanuf on 14 September after a deal was reached with military commander Khalifa Haftar, whose forces have taken control of the terminals.
Earlier this month, Libyas Arabian Gulf Oil Company (AGOCO) said it has raised its crude output to 210,000 barrels a day (b/d) after production resumed at the Nafoura and Hamada oil fields.
Libyas National Oil Corporation (NOC) in August had said that delays in the release of funds from the countrys UN-backed government to the NOC has hampered oil production and war-torn North African country is losing billions of dollars in lost oil revenues.
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