Sonatrach Group is in the process of restarting activity in Libya having decided to lift a force majeure on operations in the North African country. A delegation from the Algerian state-owned oil and gas company met with representatives of Libya’s National Oil Corp. (NOC) in Tripoli. Oil and gas operations in Libya have been hit by recurring blockades. World Bank estimated the Libyan economy had shrunk by 1.2 percent last year due to a blockade of oil production during the first semester. Targeted to come onstream 2026, the project has two structures with a combined gas production of up to 750 million standard cubic feet of gas per day.

Source: Libya Today November 14, 2023 09:04 UTC