Oil & Gas Libya begins oil and gas production at Chadar field By Pramod Kumar January 7, 2025, 10:55 AM NOC/X Workers at the Chadar oilfield in eastern Libya Zallaf Oil and Gas Exploration, Production and Refining Company, Libya’s National Oil Corporation (NOC) subsidiary, has commenced production at the Chadar oilfield. The facility is now producing approximately 7.5 million cubic feet of associated gas and 1,500 barrels per day (bpd) of crude. The production rates were reached on the first day, NOC said in a post on social messaging platform X. Chadar, officially known as the NC-126 oil concession, is located in the Sirte Basin, southeast of Ajdabiya in eastern Libya. Libya’s oil output at the end of 2024 was just over 1.4 million bpd, Reuters reported. Libya prepares final phase for giant man-made river Libya in talks to print $6.25bn new bank notes Reconstructing battered Libya is a work in progress In March 2023, Zallaf signed a contract with US-based Honeywell to construct the South Refinery project, estimated to cost between $500 million and $600 million. The refinery will process 30,000 bpd of crude oil and produce conventional petroleum products.
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