Libyan National Oil Corporation Chairman Says Oil Production Recovered to Normal Levels

Massoud Suleiman, Chairman of Libya's National Oil Corporation (NOC), stated that oil production has recovered to normal levels.

According to Reuters on the 16th (local time), Chairman Suleiman said the impact of the shutdown at three domestic oilfields the previous day was limited, adding that the situation is now back to normal and no further production halts are expected.

The NOC announced the previous day that members of the Petroleum Facilities Guard (PFG), who secure oil facilities, closed the valves on the crude oil export pipeline connecting Hamada and Zawiya, halting production at three oilfields: Hamada, Tahara, and NC5.

The NOC had also stated that if the valves remained closed or similar forced shutdowns occurred at other oilfields, it might be forced to declare force majeure, meaning it would be unable to fulfill contractual obligations.

It was reported that the PFG resorted to this action to demand that their organization, which is under the Ministry of Defense, be transferred financially and administratively to the NOC.

Right after the NOC announced the shutdown of the three oilfields the previous day, Chairman Suleiman had already stated that Libya's overall oil production was maintained at around 1.4 million barrels per day without major impact, and that the NOC was in contact with the PFG.

(Photo: Getty Images)
※ Please note: This article was translated by AI and may contain errors.