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Monday, June 27, 2022

Libyan Oil Companies to Resume Production

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On Saturday, the Chairman of Sirte Oil Company (SOC), Masoud Musa, issued a decision to all departments to resume the production process at the port of Marsa el Brega and all fields belonging to the company.

The Libyan port of Marsa el Brega is an industrial zone and an oil port located in the Gulf of Sirte, about 600 km east of the capital, Tripoli.

In a statement, the workers of SOC have been urged to adhere to safety standards and physical distancing.

Moreover, the Chairman of Arabian Gulf Oil Company (AGOCO), Fadlallah Ahteita, announced the resumption of oil production on Saturday.

Earlier on Saturday, Libya’s National Oil Corporation (NOC) announced that it will lift the force majeure, permitting the production and export of oil at “safe sites,” while the emergency measures will remain in force at sites where armed groups are deployed.

On Friday, the Commander of the Libyan National Army (LNA), Field Marshal Khalifa Haftar, announced the resumption of oil production and export “as long as it is not used to finance terrorism.”

Major General Ahmed Al-Mismari , a spokesman for the LNA, said an agreement had been reached on the fair distribution of Libyan oil revenues among all Libyans residing in the eastern, western and southern regions alike. The committee ensuring this fair distribution should consist of Vice Chairman of the Presidential Council Ahmed Maiteeq, Libyan tribal sheikhs, and members of the Libyan Parliament.

Meanwhile, the UN-recognised Government of National Accord (GNA), headed by Fayez Al-Sarraj, did not comment on the developments but it is known to be opposed to the agreement between Maiteeq and its rivals.

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