25 August 2014, News Wires – Libya’s key Waha field has restarted oil production, according to reports.
The resumption of flows at the 160,000-barrel field has boosted Libyan output to 655,000 barrels per day, a National Oil Corporation official was quoted by Dow Jones Newswires as saying.
The official said that crude from the field could resume supply to the Es Sider terminal as soon as Tuesday following Monday’s production restart.
Libya used to produce almost 1.6 million bpd before the downfall of former leader Moammar Gadhafi, but has slumped as low as 200,000 bpd this year in the country’s continuing political turmoil.
Agreements with militia forces and striking workers at various export facilities in recent weeks have allowed several facilities to re-open, reviving output rates.