Libya restarted a pipeline that carries crude oil to its biggest export terminal, after a halt that caused the OPEC member’s production to drop to the lowest level in two months.
The 32-inch link has been repaired and pumping has resumed, Waha Oil Co., which operates the eastern port of Es Sider, said in a statement. That paves the way for the return of 200,000 barrels a day that stopped flowing after the company shut the pipeline to fix leaks.
Waha, a subsidiary of state energy firm National Oil Corp., was pumping 98,000 barrels a day on Saturday before the pipeline restarted. It’s expected to be back to its normal daily level of 300,000 barrels within two days, according to a person with knowledge of the situation.
Libya’s crude output had surged to nearly 1.25 million barrels a day at the start of this month from almost nothing in September, thanks to a tentative peace between the main factions in its civil war. The Arab nation is pumping about three-quarters as much as it did before the 2011 uprising that toppled former dictator Moammar Al Qaddafi and triggered the country’s political and economic collapse.
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