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Monday, October 24, 2016

Libya Reaches Deal to Reopen Brega Oil Port

July 21, 2014

Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday, a company spokesman said.

Reopening Brega would allow the state-run Sirte Oil Company to start producing again and further boost Libya's output after an end to other port and oilfield protests. Late last week, the NOC said production was around 555,000 barrels per day.

(Reporting by Feras Bosalum; writing by Patrick Markey, editing by David Evans)

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