popular articles

Libya: production resumes at two major oilfields

Oil operations are resuming at two major fields in Libya after being forced to close by protests following the arrest of a former minister. Tensions linked to power struggles continue to weigh on the exploitation of the country's major oil deposits.

Please share:

Production resumed at two major oilfields in Libya. After a forced closure on Thursday by people protesting against the arrest of a former minister on his arrival in Tripoli, the Libyan Oil Ministry said on Sunday.

Libya: Oil operations resume despite tensions

“Operations have resumed at the al-Charara (…) and al-Fil (…) fields after being suspended” on Thursday, the national unity government’s Ministry of Oil and Gas announced in a brief statement, without mentioning the cause of the shutdown.

Faraj Boumtari, former Minister of Finance in 2018, was arrested on Wednesday on arrival at Mitiga airport (Tripoli) by agents of the Internal Security Agency (OSI). And led to an unknown place. Members of his tribe, the Zouaya, had threatened on Thursday to block oil sites and terminals. And to cut off the capital’s water supply if he wasn’t released. According to local media, Mr. Boumtari was released on Saturday at the request of the Attorney General after having been detained by the OSI.

The UN Support Mission in Libya, which had denounced “arbitrary abductions and detentions” on Thursday, welcomed Mr. Boumtari’s release, urging the authorities to “immediately release all those arbitrarily detained, including civilians, civil society activists and political figures”.

Power struggle in Libya: the oilfields at stake

Endowed with Africa’s most abundant oil reserves, Libya has been plunged into chaos since the fall of Muammar Gaddafi’s regime in 2011, rocked by divisions between the east and west of the country.

Two governments have been battling for power for over a year. One based in Tripoli (west) and recognized by the UN, the other in the east, backed by the powerful Marshal Khalifa Haftar. Al-Charara, located in south-west Libya, is one of the country’s largest deposits. It normally produces 315,000 barrels a day, out of a national output of over 1.2 million barrels a day (compared with 1.5 to 1.6 million before 2011).

Akakus is jointly owned by the Libyan National Oil Company (NOC), Spain’s Repsol, France’s Total, Austria’s OMV and Norway’s Statoil. She actively manages the field. The Mellitah Oil & Gas joint venture is made up of NOC and Italian giant Eni. It actively manages the Fil field, located in the Morzouq basin southwest of Tripoli. Which normally produces around 70,000 barrels a day.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The IMF forecasts robust economic growth for Libya in 2025 driven by oil, but warns that structural reforms are essential to avoid renewed vulnerability to global market shocks.
The United States has sanctioned Shandong Shengxing Chemical Co., accused of purchasing Iranian oil. This move is part of the "maximum pressure" strategy against Iran, aimed at limiting its oil exports.
The United States has sanctioned Shandong Shengxing Chemical Co., accused of purchasing Iranian oil. This move is part of the "maximum pressure" strategy against Iran, aimed at limiting its oil exports.
Rönesans Holding announces a major $2 billion investment to build a polypropylene (PP) production plant in Ceyhan, Turkey, in partnership with SONATRACH and Stolt-Nielsen. This project is expected to strengthen the country’s industrial self-sufficiency.
Rönesans Holding announces a major $2 billion investment to build a polypropylene (PP) production plant in Ceyhan, Turkey, in partnership with SONATRACH and Stolt-Nielsen. This project is expected to strengthen the country’s industrial self-sufficiency.
Libya begins an international promotional tour to present 22 oil blocks, aiming to revive a strategic sector affected by years of instability.
Libya begins an international promotional tour to present 22 oil blocks, aiming to revive a strategic sector affected by years of instability.
Tullow Oil sold its stakes in the Lokichar Basin to Gulf Energy while retaining a future entry right, marking a new step in its debt reduction strategy in Kenya.
US crude reserves rose by only 500,000 barrels, falling short of forecasts, while exports reached their highest level in a year.
US crude reserves rose by only 500,000 barrels, falling short of forecasts, while exports reached their highest level in a year.
Amplify Energy has amended the terms of its merger with Juniper Capital, which will inject an additional $10 mn in cash to strengthen the combined entity's financial position amid oil price volatility.
Amplify Energy has amended the terms of its merger with Juniper Capital, which will inject an additional $10 mn in cash to strengthen the combined entity's financial position amid oil price volatility.
The International Energy Agency anticipates weaker oil demand growth in 2025, driven by US tariff tensions disrupting market stability and weighing on the shale oil sector.
The International Energy Agency anticipates weaker oil demand growth in 2025, driven by US tariff tensions disrupting market stability and weighing on the shale oil sector.
British group BP has announced a new oil discovery in the deep waters of the Gulf of Mexico, strengthening its investment strategy in hydrocarbons with the aim of increasing production by 2030.
International Petroleum Corporation repurchased 277,060 common shares between 7 and 11 April under its ongoing share buyback programme, using the Toronto and Stockholm exchanges.
International Petroleum Corporation repurchased 277,060 common shares between 7 and 11 April under its ongoing share buyback programme, using the Toronto and Stockholm exchanges.
CNOOC Limited has begun production at the offshore Wenchang 9-7 oilfield, located in the western Pearl River Mouth Basin, targeting 12,000 barrels of oil equivalent per day by 2027.
CNOOC Limited has begun production at the offshore Wenchang 9-7 oilfield, located in the western Pearl River Mouth Basin, targeting 12,000 barrels of oil equivalent per day by 2027.
In Schwedt, past dependence on Russian oil threatens industrial prospects as the debate on lifting sanctions intensifies and divides Germany’s political class.
In Schwedt, past dependence on Russian oil threatens industrial prospects as the debate on lifting sanctions intensifies and divides Germany’s political class.
Petro-Victory Energy secures key assets in Brazil through strategic alliances and acquisitions, consolidating its onshore market position and initiating a new phase of development.
Trio Petroleum Corporation has completed the acquisition of producing oil assets from Novacor Exploration in the prolific Lloydminster region of Canada, consolidating its strategic presence in North America's heavy oil sector.
Trio Petroleum Corporation has completed the acquisition of producing oil assets from Novacor Exploration in the prolific Lloydminster region of Canada, consolidating its strategic presence in North America's heavy oil sector.
Road fuel volumes declined while jet fuel and non-road diesel increased, according to March 2025 data from the Comité Professionnel du Pétrole.
Road fuel volumes declined while jet fuel and non-road diesel increased, according to March 2025 data from the Comité Professionnel du Pétrole.
Chevron returned several crude shipments to Venezuela after failing to sell them due to US-imposed financial sanctions, despite holding a temporary authorisation to operate until the end of May.
Chevron returned several crude shipments to Venezuela after failing to sell them due to US-imposed financial sanctions, despite holding a temporary authorisation to operate until the end of May.
Two armed groups claimed responsibility for attacks on strategic oil infrastructure in the Niger Delta, disrupting Nigerian firm Oando’s operations and reviving concerns over regional stability.
Estonian authorities have detained a tanker without official flag registration, suspected of belonging to Russia’s shadow fleet, while en route to a strategic Russian port.
Estonian authorities have detained a tanker without official flag registration, suspected of belonging to Russia’s shadow fleet, while en route to a strategic Russian port.
SPIE Global Services Energy signed a five-year offshore maintenance contract with Sonangol Exploração & Produção for the Bloc 3/05 oil complex, strengthening its strategic presence in Angola.
SPIE Global Services Energy signed a five-year offshore maintenance contract with Sonangol Exploração & Produção for the Bloc 3/05 oil complex, strengthening its strategic presence in Angola.
The US Department of Energy has awarded a $1.4bn, five-year contract to a consortium led by APTIM for the operation of the Strategic Petroleum Reserve.
The US Department of Energy has awarded a $1.4bn, five-year contract to a consortium led by APTIM for the operation of the Strategic Petroleum Reserve.
Shell Offshore Inc. has started production at its new subsea development Dover, reinforcing its strategy of leveraging existing infrastructure in the Gulf of America.
Petrobras has completed a veterinary facility in the Amazon to meet a regulatory requirement for drilling in the strategic Foz do Amazonas region.
Petrobras has completed a veterinary facility in the Amazon to meet a regulatory requirement for drilling in the strategic Foz do Amazonas region.
Shell has awarded Subsea 7 a contract valued between $50mn and $150mn to install a floating production system for its Sparta offshore project, located off the Louisiana coast.
Shell has awarded Subsea 7 a contract valued between $50mn and $150mn to install a floating production system for its Sparta offshore project, located off the Louisiana coast.
A Louisiana jury has ordered Chevron to pay $745 mn for sustained damage to marshes in Plaquemines, resulting from environmental failures inherited from former company Texaco.
A Louisiana jury has ordered Chevron to pay $745 mn for sustained damage to marshes in Plaquemines, resulting from environmental failures inherited from former company Texaco.

Advertising