Two Libyan oil fields resume production

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 (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.

From other sites
Comments (3)
  • june1234
    , contributor
    Comments (4477) | Send Message
    Today "Libya" is producing less than 1/10th the oil is was outputting before the 2011 "operation odyssey dawn". Sounds like the whole country is unconstitutional
    17 Jun 2014, 08:27 AM Reply Like
  • dacama1
    , contributor
    Comments (221) | Send Message
    What a wonderful Arab Spring we have had. Brought to you by our equally wonderful President.
    17 Jun 2014, 08:42 AM Reply Like
  • Hendershott
    , contributor
    Comments (1834) | Send Message
    You believe the Arab Spring was a product of the US?
    17 Jun 2014, 09:40 PM Reply Like
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