Libya restarts Wintershall's oil fields to boost national output - BBG

The Libyan state energy producer National Oil Corp (NOC) came out with a statement on Sunday, announcing the restart of production at Wintershall AG’s Sara oil fields more than two months after they were closed by protests, Bloomberg reports.

Key Points:

The fields will increase the North African country’s crude output by 57,000 barrels a day.

Wintershall confirmed that crude output at the fields resumed on Jan. 21.

The shutdown since November resulted in the loss of 4.4 million barrels of production at a cost to the economy of $281.5 million.

The fields, located in the Jikharra area, were closed in early November due to protests by people demanding jobs and more local development projects.