- Libya's largest oil field is ramping up production much faster than expected and may reach nearly two-thirds of its output capacity by late today, according to a manager at the field.
- The 340K bbl/day Sharara oil field, where Repsol (OTCQX:REPYY, OTCQX:REPYF) is a partner, has resumed output after protests ended there, but a field manager says production already has reached 120K bbl/day and may reach 200K by the end of the day.
- Together with the recent reopening of two key oil terminals, Sharara's resumption could bring oil production close to 1M bbl/day, three times the current level.
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