Reuters quoted engineers in the sector as saying that the Gulf Oil Company had issued instructions to resume oil production in the fields of (Sarir, Masla, and Nafoura).
The National Oil Corporation announced two days ago that losses from the closure of oil fields exceeded $120.3 million since their recent closure.
The American Bloomberg Agency quoted sources in the oil fields as saying that crude oil production had decreased by more than half during the past week.
According to Bloomberg sources, production has fallen to 450,000 barrels per day since the shutdown.
Bloomberg also indicated that there are fears, controlling the global market, of losing one million barrels per day due to the reduction of oil production operations in Libya.
The decision to stop oil production includes both the fields of the Waha and Sarir companies and the supply of oil to the Ras Lanuf station, after the country had been producing more than one million barrels per day.
On August 26, the Prime Minister assigned by Parliament, Osama Hamad, declared a state of force majeure on all oil fields, ports and institutions, and halted oil production and exports, in light of the events at the Central Bank.
Immediately after that, the head of the Government of National Unity, Abdul Hamid Dabaiba, stressed the need to follow up on the conditions of the oil fields and not allow them to be closed under flimsy pretexts.
The decision to shut down oil came in response to the appointment of a new governor and board of directors for the Central Bank by a decision of the Presidential Council, which gave the authority to resume work to Deputy Abdel Fattah Abdel Ghaffar until Mohamed El-Shokry officially assumes his duties.
Source: Reuters + National Oil Corporation + Bloomberg + Libya Al-Ahrar
2024-09-02 23:49:32