Mellitah Company resumes oil production in Bura field
Azerbaijan, Baku, Nov. 23 /Trend T.Konyayeva, A.Tagiyeva/
The joint Libyan-Italian Mellitah Oil and Gas Company has announced on Wednesday that it has resumed oil production in the Bura field, the official website of the National Libya Oil Company reported.
The Mellitah, which was established by the National Libya Oil Company and the Italian Eni, plans to produce about 10,000 barrels of oil per day and to increase the production up to 25 000 a day in the future. The Bura is located at a distance of 130 km to the north of Tripoli.
Last week, the National Oil Corporation of Libya told Trend that Libya would announce a tender for issuing licenses to foreign companies to explore new oil fields.
To date, oil production in the country reached 600,000 barrels per day, and the figure will hit 800,000 by late 2011.
Oil extracted in Libya will be mainly transported in the same directions as before the revolution, and the revision of previously concluded contracts is possible only after the elections.
Libya is the eighth in terms of crude oil producers among the 12 OPEC countries and the third - in Africa after Nigeria and Angola. The main importer of Libyan oil is Italy, followed by Germany, France and Spain.
Libya's proven oil reserves are 45 billion barrels. Libya extracted 1.5 million barrels of oil per day before the war.