Libya’s Oil Crescent Gets Back to Business as Sarir Field Opens - Bloomberg

Libya’s Oil Crescent Gets Back to Business as Sarir Field Opens - Bloomberg:

Libya’s oil industry continued its revival 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. 


Much of the country’s “oil crescent” -- a cluster of ports and fields in the east -- is back onstream, though not yet at full capacity. Libya’s western fields, including Sharara, the biggest in the North African nation, are still closed. The state-run National Oil Corp. has said foreign mercenaries and other fighters must leave facilities before than can reopen.

Overall oil output has reached about 300,000 barrels a day, up from 80,000 at the start of the month.