Libya Restarts Wintershall Oil Fields to Boost Nation Output
- Closure cost Libya loss of 4.4 million barrels, $281.5 million
- Restart to add 57,000 barrels a day to nation’s oil output
This article is for subscribers only.
Libya’s state energy producer National Oil Corp. announced the restart of production at Wintershall AG’s Sara oil fields more than two months after they were closed by protests, in the latest sign that the OPEC nation’s oil industry may be stabilizing.
The fields will increase the North African country’s crude output by 57,000 barrels a day, according to an NOC statement on Sunday. Wintershall confirmed that crude output at the fields resumed on Jan. 21, according to an emailed statement from the company on Monday.