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Libya Oil Output Rebounds as Sharara, Feel Fields Restarted

  • OPEC member pumping more than 700,000 barrels a day: Alaokali
  • Biggest field Sharara at 216,400 barrels daily after restart
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Will OPEC Continue Its Policy of Constraining Production?

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Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt.

The Sharara field is currently producing 216,400 barrels a day, while the El Feel, or Elephant, deposit is pumping 26,500 and is expected to boost output further, Jadalla Alaokali, a board member at the National Oil Corp., said Sunday by phone. Crude from Sharara started flowing to the Zawiya refinery after the port of Zawiya re-opened last week following a three-week closure. El Feel, idled since April 2015, also restarted last week.