Libya's Sharara oil field reopens after strike

|By:, SA News Editor

Libya's largest oil field reopens after a workers' protest and is expected to return to normal production within three days.

Sharara had been producing ~270K bbl/day, nearly a third of the country's total output, before employees went on strike on Wednesday over a lack of medical treatment for a colleague who died in an accident at the field.

The field is operated by Libya's state-run oil company in partnership with Repsol (OTCQX:REPYF, OTCQX:REPYY), Total (NYSE:TOT), Statoil (NYSE:STO) and OMV (OTC:OMVJF).

ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM

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