Repsol to restart El-Sharara oilfield in Libya

12 October 2011

 Production at 200,000 b/d Libyan oilfield imminent

Spain’s Repsol will restart production at the 200,000 barrel-a-day (b/d) El-Sharara oil field within days, Libya’s interim Oil and Finance Minister Ali Tarhouni said on 10 October.

Tarhouni also told the Reuters newswire that production will reach about 1 million b/d within a year, coming to a standstill during the civil war that broke out in February. Prior to the conflict, Libya produced 1.6 million b/d.

“Within less than a year we will be up to 1 million barrels. I am very confident of that,” said Tarhouni.

Production currently stands at 400,000 the minister added.

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