After merge, Libya’s NOC seeks to reopen oil ports

المؤسسة-الوطنية-للنفط

Libya’s National Oil Corporation (NOC) is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman.

Four ports accounting for about 860,000 barrels a day in crude exporting capacity have been shut due to political turmoil and fighting. Libya now produces a fraction of the 1.6 million barrels a day that it pumped before the toppling of ruler Moammar Al Qaddafi in 2011.

A July 2 deal uniting the National Oil Corp.’s rival administrations enables the company to focus on reviving Libya’s crippled oil industry, Chairman Sanalla Ibrahim said.

“After the unification of NOC, the opening of the ports and the increase of production are absolutely our top priorities,” Sanalla said in remarks published Monday on the NOC’s website.

“We have heard hopeful noises in recent days about the opening of the ports.” He added.

The Libyan NOC is considered now the second smallest oil producer in the Organisation of Petroleum Exporting Countries (OPEC), as a huge number of Libya’s oil fields and export terminals remain shut amid fragile security in the oil crescent region.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Azara Media Azara Media
You might also like

Submit a Correction

For: After merge, Libya’s NOC seeks to reopen oil ports

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.