TRIPOLI – 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, Bloomberg reports.
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 Corporation (NOC), 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.
The closure of the almost-60-year-old pipeline underscores the deterioration of Libya’s oil infrastructure.
The NOC’s chairman, Mustafa Sanalla, said last week the country is seeking funding from foreign energy firms working in Libya to help fix oil installations.