Libya Revives Exports From Sharara

Oil exports from Sharara, which started again on Monday 21st July, is a sign of the country’s oil industry revival, Wall Street Journal reported on Monday.

According to sources familiar with the situation, the first oil tanker will be delivered to the Spanish company Repsol, which is the National Oil Corporation's partner in the development of the field, which is Libya's largest.

Total volume of oil production in Libya is now reported to be approximately 500,000 barrels per day, which is 100,000 barrels less than a five month maximum reached on July 16.

In early July the acting Libyan Prime Minister Abdullah Thani announced the end of the “oil crisis” in the country and said the authorities had regained control over the two ports.

(Source: RIA Novosti, Wall Street Journal)

(Picture: oil workers at Sharara)

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