Libya resumes oil supplies to its largest export terminal

Libya has completed a pipeline that supplies oil to the country’s largest export terminal – As Sidr, 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 Corp., was pumping 98,000 barrels a day on Saturday before the pipeline restarted. It’s expected to be back to its average daily level of 300,000 barrels within two days.

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, reads the report.