AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

TRIPOLI: Production has resumed at four key oil fields in war-torn Libya after a three-week shutdown by gunmen linked to Libya's Petroleum Facilities Guard, the group said Tuesday.

The PFG-affiliated fighters had closed the Sharara, Al-Fil, Al-Wafa and Al-Hamada fields in December over a pay dispute, slashing output from the North African country by over 300,000 barrels per day, according to the National Oil Corporation.

On Tuesday, a PFG official said the sites in southwestern Libya, along with pipelines delivering oil and gas to export terminals on the country's northwest Mediterranean coast, "are operational again".

"The government has listened to our legitimate demands, which were financial and technical in nature," the official told AFP on condition of anonymity.

"We have been working in difficult conditions for years."

The official's comments came a day after PFG representatives met in Tripoli with interim prime minister Abdulhamid Dbeibah, who "ordered the immediate reopening of the fields", according to a statement from his office.

Oil prices jump over Kazakhstan unrest, while uranium less affected

Dbeibah also ordered a committee to look into "the difficulties (the PFG) faces in fulfilling its mission", the statement said.

Since the 1970s Libya has depended heavily on revenues from its vast crude reserves.

But in the decade since the revolt that overthrew and killed dictator Moamer Kadhafi, armed groups have frequently blockaded or damaged oil installations.

The latest shutdown had forced the National Oil Corporation to declare force majeur, a legal move allowing it to free itself from contractual obligations in light of factors beyond its control.

But on Tuesday it announced "a halt in exports from the Al-Sidra terminal because it is unable to replace storage facilities damaged in fighting".

It said stormy weather had prevented oil tankers from loading at the Al-Sidra terminal, meaning existing storage facilities had quickly reached capacity.

Comments

Comments are closed.