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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs