Libya’s Oil Crescent Gets Back to Work as Sarir Field Opens
- Many of eastern Libya’s ports, fields have resumed operation
- Sarir is country’s biggest oil deposit to reopen since truce
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Libya’s oil industry continued to revive this week following a truce between the main factions in the OPEC member’s devastating civil war.
The Sarir field opened on Tuesday, according to its operator, Arabian Gulf Oil Co. Production is just 30,000 barrels a day for now. But with a capacity of about 200,000, it’s the biggest deposit in the country to restart since an almost-total shutdown of Libyan energy facilities in January.