Libya restored about 25 percent of its oil production capacity with the start of the El Feel and Sharara fields following talks between the government and striking workers, state-run news agency Lana reported.
The El Feel, or Elephant, field, with a capacity of 140,000 barrels a day and the 300,000 barrel-a-day Sharara fields resumed pumping today, Lana cited Abdulwahhab El-Gayedi, head of the Libyan parliament’s oil-industry crisis group, as saying. Both fields are supplying the nation’s 120,000 barrel-a-day Zawiya refinery, Mansur Abdallah, the plant’s oil movement coordinator, said today by phone from Tripoli.
Libya, holder of Africa’s biggest oil reserves, is pumping about 250,000 barrels a day, compared with a post-revolution high of 1.6 million barrels achieved a year ago, as a labor dispute at oil terminals cripples its ability to export, Deputy Oil Minister Omar Shakmak said Sept. 12. The nation is losing $130 million a day because of the suspension, according to the finance ministry.
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