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Two Libyan oil fields resume production

Jun. 17, 2014 8:16 AM ETEni S.p.A. (E) StockEBy: Carl Surran, SA News Editor3 Comments
  • Two Libyan oil fields have resumed production, officials say, enabling the first delivery of oil from onshore fields to a key refinery for the first time in weeks and sparking hopes of political stabilization.
  • Production has resumed at the El-Feel field in southern Libya, jointly operated by the state-owned National Oil Co. and Italy's Eni (NYSE:E), and at the Eastern Zilten field, which is controlled by state-owned Sirte Oil and supplies the Brega oil terminal, also restarted in recent days as the operation was deemed secure.
  • The easing of the oil shutdown comes after Libya's supreme court yesterday ruled as unconstitutional the election of Islamist-backed premier Ahmed Miitig.

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