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Libya’s biggest oil field said to resume pumping crude

in AFRICA/PRESS RELEASE/REGIONS by

Libya’s largest oil field resumed production after a halt of more than two weeks, putting pressure on Opec and other producers seeking to rein in a global supply glut and firm up prices. Libyan authorities reopened a valve on the pipeline from the south-western Sharara field to the Zawiya refinery after they reached a final agreement with a militia group that had closed the link, according to a person familiar with the matter, who asked not to be identified because the information is private. The North African nation’s crude output dropped 35% after the forced closing of the three fields, disrupting a revival of its production.

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