Brega Oil Port to Reopen

Reuters reports that Libya state oil company, the National Oil Corporation (NOC), has reached a deal with security guards to end the protest at the oil port of Brega.

As a result, the terminal is expected to reopen on Tuesday.

Reopening Brega would allow the state-run Sirte Oil Company (SOC) to start producing again and further boost Libya's output.

Late last week, the NOC said that oil production was around 555,000 bpd.

(Source: Reuters)

No comments yet.

Leave a Reply