Russia’s Gazprom restarts oil production in Libya
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Russia’s Gazprom restarts oil production in Libya

27 May 2021 (Last Updated May 27th, 2021 15:35)

Gazprom has resumed production in Libya, including operations at its ports, export terminals and production facilities.

Russian energy company Gazprom has reportedly restarted oil production at its assets in Libya after a nine-month gap.

Production was halted in late 2020 as a result of force majeure, Russian news agency TASS reported Gazprom subsidiary Gazprom EP International managing director Sergey Tumanov as saying.

The Russian firm has gradually resumed operations at its ports, export terminals and production facilities in the African country.

Tumanov was cited by the news agency as saying: “After ten months, our oil production has successfully resumed in our field in Libya.”

The company aims to ramp up production from its assets in the country from around 43,000 barrels per day to 62,000 barrels per day this year.

Relaying the progress made in the joint venture project with Wintershall Dea in Libya, Tumanov said: “We transferred the duties of the field development operator in units 91 and 107 in the Sirte Basin to the joint venture we established with the Libyan National Petroleum Company (NOC).”

Additionally, Gazprom is looking to develop new fields at the El Assel field in Algeria this year.

It also intends to undertake feasibility studies for the development of the Rourd Saya and North Rourd Saya fields in Algeria.

Separately, the Russian company restarted operations at its Blue Stream gas pipeline in Turkey, according to the Interfax news agency.

The Blue Stream pipeline suspended operations on 12 May 2021 to conduct planned maintenance.

The 1,213km-long Blue Stream pipeline delivers Russian natural gas to Turkey across the Black Sea.