Libya's Biggest Oil Field Resumes Output After Three-Week Outage - News Summed Up

Libya's Biggest Oil Field Resumes Output After Three-Week Outage


Article content(Bloomberg) — Libya’s biggest oil field resumed production about three weeks after militias forced its stoppage, according to people familiar with the matter. The shutdowns across the fields had lowered Libya’s total output by about 350,000 barrels a day. Try refreshing your browser, or Libya's Biggest Oil Field Resumes Output After Three-Week Outage Back to videoThe agreement will also lead to output resuming at Hamada, El Wafa and El-Feel, three other fields where it was suspended around the same time. Libya’s daily production fell below 1 million barrels a day as a result of the stoppages, with authorities forced to suspend crude exports from the country’s western Zawiya and Mellitah ports. Daily oil exports in the first week of 2022 were 45% below the December average, data compiled by Bloomberg show.


Source: Libya Today January 10, 2022 17:21 UTC



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