Algeria, Libya to jointly manage oil fields on shared border

Author : Mircea Birca | Monday, January 22, 2018
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Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries.

The agreement included updating a study that was carried out on 2006 concerning Al-Rar and Al-Wafa oilfields, which located on the shared borders between Algeria and Libya, according to a

statement by Sonatrach.

Al-Rar gas field is located on the Algerian side of the border, while Al-Wafa oilfield is located on the Libyan side of the border.

An official at Sonatrach, who preferred anonymity, told Anadolu Agency, said the study would “clarify the hypothesis of the connection between the Algerian Al-Rar gas field and the Libyan Al-Wafa oil field.”

“If it was proved that the two fields are in fact one field, they will be run and managed jointly by the two countries,” the source noted.

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