Libya's largest oil field Sharara has restarted operations and may resume production later Wednesday, a manager at the facility said, the latest sign of improvement in Libya's troubled oil sector.
The news come after Libya lifted force majeure on two Eastern terminals that amount to nearly half of its exports capacity following a deal with rebels that had occupied them.
The pipeline connected to the 340,000-barrels-a-day Sharara oil field, where Spain's Repsol SA is a partner, reopened after protests ended there, said the manager, who declined to be named.
He added that, once production has restarted, exports could take a week to restart because the oil flows will first have to supply the Zawiya refinery.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
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