Repsol Restarts Production

Spanish oil major Repsol said on Tuesday it had restarted production at its 340,000 barrels-per-day El Sharara oil field (pictured).

The complex was shut last month following clashes with protestors, and while production has restarted, it's still not back to full capacity.

According to the report from Reuters, analysts estimate the shutdown cost Repsol 30 million euros ($42 million), or 1 million euros per day in net profit.

(Source: Reuters)

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