Libya’s Sirte Co. restarts methanol II plant after more than 7 years, NOC says

TRIPOLI: Libya’s Sirte Oil and Gas Company has restarted its second methanol plant after more than seven years, the country’s National Oil Corp. (NOC) said in a statement on Wednesday.
The plant can produce 670 metric tons of methanol a day, an oil sector source told Reuters by phone.
Sirte is a subsidiary of NOC. Its first methanol plant, which was reopened in 2023 after years of shutdown, has a production capacity of 600 metric tons a day, according to the NOC website.
NOC said the second plant’s resumption was a “significant step” that enhances Sirte’s production capabilities and diversifies its products.
It added that the company’s oil production has reached 114,000 barrels per day.