Libya's western oil fields and pipelines restart as protesters recede


Libya's western oilfields and pipelines have reopened after protesters ended their eight-month blockade of key infrastructure, with flows resuming from the El Sharara, El Feel and Wafa fields and the pipelines linking them to the Zawiya exports terminal.

The fields, operated by Repsol (REPYY, REPYF) and Eni (E), together produce 500K bbl/day; before their resumption, Libya's output stood at 250K bbl/day vs. the country's normal level of 1.5M bbl/day.

The protesters' deal with the Libyan government could still unravel, however, over opposition to the appointment of a new Islamist-backed prime minister.

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