German energy company Wintershall announced plans to build a new oil pipeline that would connect two oil fields in Libya.
Wintershall aims to build a 34-mile pipeline to connect the Nafoora oil field with the Amal oil field. The pipeline will reportedly have a design capacity of 100,000 barrels per day and has an estimated cost of around $38 million.
Wintershall said oil production in Libya has reached 70% of the level obtained before the country’s civil war began in February 2011.
Wintershall, before the war, was producing around 100,000 barrels of oil per day.
The oil fields in question are operated by a subsidiary of the state-owned National Oil Corp. and a joint venture between the NOC and Petro-Canada.
The pipeline is to be constructed in August and could start operating in March 2013.