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Libya Ships First-Ever Cargo From Long-Stalled Chadar Oil Field
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Why This Matters
Libya's National Oil Corporation has shipped its first export cargo from the Chadar oil field, marking a significant milestone in the country's oil production. The 600,000-barrel cargo is a result of production that started in January from five wells. This development is expected to boost Libya's oil output and revenue.
Market Impact
Market impact analysis based on bullish sentiment with 76% confidence.
Sentiment
Bullish
AI Confidence
76%
Article Context
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Libyan company Zallaf Oil and Gas has shipped the first export cargo from the Chadar oil field, at 600,000 barrels. Production at the field started in January this year from five wells, Reuters reported, citing the company, which is a subsidiary of the National Oil Corporation. When production started, it ran at rates of 1,500 barrels of crude daily plus 7.5 million cubic feet of associated gas, Zallaf said in January. The Chadar field is located in the prolific Sirte Basin and was discovered way back in 1968 by Mobil. The national Oil Corporation…
Original article published by
OilPrice.com
on November 13, 2025.
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