Austrian oil firm OMV says production is now back to normal levels in Libya after weeks of disruption by civil unrest.
The company lost almost a tenth of its daily global production after seeing its output locked into the north African country.
Production had been interrupted in Libya since June 25, but OMV confirmed today that it had now resumed work in Libya.
“After the shut-in of most of OMV’s production in Libya since June 25, 2013, production was resumed last Friday and is now stabilized at normal levels,” the company said in a statement.
In 2012, Libyan oil output contributed approximately 30,000 boed to the company’s total production of 303,000 boed.
Meanwhile workd at the country’s Zueitina port has resumed – but only oil stored at the terminal is being exported so far, according to reports today.
Oil fields have yet to start production, due to Ramadan and power cuts in the cities, after halting operations over working conditions and salaries.