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[BUSINESS] · Libya · 3 sources

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Libya's NOC inaugurates Al-Rashad gas field

Libya’s National Oil Corporation (NOC) has inaugurated the Al-Rashad gas field located south of the coastal city of Brega. The new field has a production capacity of 50 million cubic feet of gas per day and is intended to bolster domestic supplies for power stations and industrial facilities.

The announcement by NOC Chairman Masoud Suleiman coincided with the 65th anniversary of Libya’s first crude oil shipment from Brega port in 1961. In addition to the new field, several infrastructure projects have resumed operations, including methanol plants and the Brega refinery operated by Sirte Oil Company following maintenance and system upgrades.

Furthermore, the natural gas processing unit at the Brega complex has been restarted after being out of service for years. This unit is expected to process 60 million cubic feet of natural gas, returning it to the network to reduce environmental flaring and improve resource efficiency.

Entities

Al-Rashad gas field · Brega · Masoud Suleiman · National Oil Corporation · Sirte Oil Company