Libya’s Zallaf for Oil and Gas Co has announced the export of its first shipment from the Chadar oil field in the Sirte Basin.
The subsidiary of the National Oil Corporation did not reveal the shipment’s destination, but confirmed it involved more than 600,000 barrels of high-quality Sidra crude.
At Chadar, also known as NC-126, over five development wells were completed during the project’s first phase, the company said in a statement.
Daily production at the field began in January, generating more than 7.5 million cubic feet of associated gas and 1,500 barrels of crude.
In March 2023, Zallaf signed a contract with U.S.-based Honeywell for engineering services on the South Refinery project, projected to cost $500 million to $600 million.
The planned refinery would process roughly 30,000 barrels of crude per day, producing conventional petroleum products to bolster Libya’s energy infrastructure.
The milestone marks a strategic advance for Libya’s oil sector, reflecting the country’s efforts to expand production and attract international investment.
