This archive report was first published on 8 June 2020.
On June 7, 2020, the US Embassy in Libya welcomed the reopening of Sharara oilfield, the largest in Libya, after it was closed by tribal leaders in January.
The National Oil Corporation (NOC), owned by Libya's UN-backed government, confirmed that production at Sharara oilfield has resumed at a capacity of 30,000 barrels per day, with the full capacity production expected within 90 days.
"The Libyan economy has suffered enough from the illegal blockades, and we hope that the restart of production at the Sharara oilfield will be the first step to revive the Libyan oil and gas sector and prevent an economic collapse in Libya," said NOC Chairman Mustafa Sanalla.
The closure of the oilfields and ports has caused losses of more than 5.2 billion US dollars so far, the NOC confirmed.
