Main projects
Main projects
Libya is the sixth-largest economy in Africa thanks to its oil, which makes up 95% of its total exports. Libya is bordered by the Mediterranean Sea to the north and shares borders with Tunisia, Algeria, Niger, Chad, Sudan, and Egypt.
Repsol’s first exploration and production activities in Libya date back to the early seventies with a focus on our Upstream business. Since then, the success achieved by Repsol in its projects and discoveries have contributed to making Libya one of the most outstanding countries for Repsol's growth strategy, and are also making a strong contribution to the development and consolidation of the current and future wealth of the country.
Currently, we carry out operations through our subsidiary Repsol Exploration Murzuq S.A. (REMSA), while the development and production operations are conducted by Akakus Oil Operations; a joint operating company on behalf of the Libyan National Oil Corporation (First Party) and the Second party (Repsol, TotalEnergies, OMV and Equinor). the assets have a potential of producing aroung 350 thousand barrels of oil per day. production is evacuated to the tank farm located in the city of Zawia, 723 kms from the El Sharara Field (the producing asset). the tank farm has a capacityd of 2.7 million barrels and is feeding the local refinery as well as the tanker loading facilities for export.
Main projects
We produced an annual cross-company sustainability plan that incorporates ethical, environmental, and social considerations.
Contact
Repsol Exploración Murzuk
Oficinas REMSA - Tower 3,
Dat El Imad Tower Complex
Tripoli, Libya
Last updated: December 2023