oil

The Mabrouk oil field has resumed production after a ten-year shutdown. 

Mabrouk Oil Operations Company confirmed that production restarted on 9 March, with an initial output of 5,000 barrels per day.

The company plans to increase this to 7,000 barrels per day by the end of the month, with a long-term target of 25,000 barrels per day by July 2025.

Crude exports to the Al-Bahi field began on Tuesday, as Libya works to restore its oil industry following years of disruption.

Economy