A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of the 1.6 million barrels per day Libya pumped before Moammar Gadhafi fell in 2011, and the National Oil Corporation in Tripoli hopes to ramp it up swiftly with the backing of a new unity government.An NOC official in Tripoli told Reuters that at least 200,000 bpd of capacity had been damaged in attacks on oil fields in the western Sirte basin, Libya's most prolific.Phase two covers six to eight months down the line while the final phase covers fields that will take between eight months and several years to reopen.A U.N.-backed unity government's move to Tripoli last month raised hopes that Libya could restart idled fields and reopen export terminals, and the NOC in Tripoli says it could quickly double production to over 700,000 bpd, if political and security conditions stabilize.The NOC hopes the unity government can create a unified security force to protect oil infrastructure.
FOLLOW THIS ARTICLE