Ghadames Basin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nafusa Oil Operations BV announced that the National Oil Corporation (NOC) has acquired the foreign partner's share in developing the North Hamada field, leading to the resumption of exploration activities in Block 47 of the Ghadames Basin, which had been halted since 2014. In a statement on Friday, the company said this acquisition is expected to facilitate new discoveries in Block 47, which can be quickly developed and connected to the surface facilities currently being completed.

As part of its efforts to attract investments in the region, the eastern Libyan government has offered a refinery project to a Russian company.

Production was paused for two weeks after a blockade by residents.

The National Oil Corp. has declared a force majeure for Sharara amid a blockade of the oil field by protesters.

Libya has started exporting oil from the Erawin field in the Murzuq basin.