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The “Modernización Refinería Talara” project involves the refurbishment and modernization of the Talara refinery located in Peru. The project seeks to achieve two key objectives: reducing sulfur content in diesel, gasoline, and LPG fuels to a maximum of 50 ppm and increasing the refinery’s crude processing capacity from 65,000 to 95,000 barrels per day (BPD), allowing for the processing of heavy crude and conversion of residual products into marketable ones.

Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.