Libya Makes Oil Discoveries With Sonatrach in Ghadames Basin

Feb. 14 (Bloomberg) -- Libya, holder of Africa’s largest crude reserves, made an oil and natural gas discovery in the Ghadames basin southwest of Tripoli, according to its state-run oil company.

Sonatrach Group, Algeria’s state-run energy company, was involved in locating the deposits, Libya’s National Oil Corp. said on its website.

The discovery consists of one oil field and a gas deposit situated about 600 kilometers southwest of the capital, the Libyan News Agency reported, citing sources at the country’s oil ministry. The oil field has a capacity of 8,200 barrels a day, it reported.

-- Editors: Raj Rajendran, Rachel Graham

To contact the reporters on this story: Saleh Sarar in Dubai at ssarar@bloomberg.net; Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net