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    market news

    Libya’s Sirte Oil Restarted Natural Gas Fields -Oil Official

    Investing News Network
    Sep. 14, 2011 11:48AM PST
    Resource Investing

    Fox Business announced that Libya’s Sirte Oil Co. has restarted natural gas production at different fields among the largest in Libya.

    Fox Business announced that Libya’s Sirte Oil Co. has restarted natural gas production at different fields among the largest in Libya.

    The market news is quoted as saying:

    Sirte describes Attahaddy and Hateiba as among the largest gas fields in Libya, with the former producing 270 million cubic feet a day in addition to 35,000 barrels a day of condensates. It’s unclear how much Hateiba is producing. Until now, only the Eni SpA (E, ENI.MI)-operated Wafa field was producing natural gas in Libya.

    The news also quoted:

    In an interview with Dow Jones Newswires, Kalid Kwafi, the acting head of the association of oil companies and employees of Benghazi, said state-owned Sirte Oil has restarted gas production in recent days at the Attahaddy and Hateiba fields in Eastern Libya, which will be used for local power generation.

    Click here to access the entire news

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