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.
Production from Sharara, operated by Repsol SA, and El Feel, operated by Eni SpA, both in western Libya, was halted by protesters on Aug. 26, according to the Oil Ministry.