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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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