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Medco sells stake in Libyan oil project to local energy firm - Companies

Medco sells stake in Libyan oil project to local energy firm - Companies
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PT Medco Energi Internasional Tbk : MedcoEnergi Completes Divestment of Area 47 in Libya

Libya Begins Operating Pipeline from North Hamada Oilfield

Libya has begun operating the new pipeline from its North Hamada oilfield with initial transfer capacity expected at 2,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Sunday. The North Hamada field, which is operated by Nafusah Oil Operations, is expected to increase transfer capacity through the line to 25,000 bpd before eventually reaching 10,000 bpd in September as part of the field's first development stage, NOC's statement said, Reuters reported. The 50km pipeline to Mellitah port has design capacity of 70,000 bpd, NOC added.

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