A senior official at the Waha Oil Company on August 10 said that repair works at Liby’s Waha oil fields were almost completed. The works are aimed to maintain the production and service facilities after an oil blockade kept the fields offline for more than seven months. The Waha oil fields in the Sirte Basin can produce up to 350,000 bpd of crude, a third of Libya’s total production.
Libya’s National Oil Corp (NOC), the parent company of Waha Oil Company, said that the current civil conflict had halted the large part of Waha fields production and caused significant damage in Libya’s oil reservoirs and infrastructure. NOC Chairman Mustafa Sanalla warned that abrupt closure of several of Libya’s oil fields could incur budgetary and technical losses.
At the start of the year eastern tribes, supported by the self-styled Libyan National Army, blocked five key oil terminals, which drastically slashed the country’s oil production and exports. Libya pumped 110,000 bpd of crude in July, with output averaging between 70,000 and 110,000 bpd over the past months, compared to 1.10 million bpd before the blockade.
