The Waha Oil Company announced on Tuesday that the second largest crude oil terminal in Gallo field resumed its activity.
According to the company, this resumption came as the engineering and technical teams completed the complete replacement of the LP1 gas pipeline in a period not exceeding a full week.
It will be reminded that oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry said on Friday, while this faster-than-expected output resumption could give OPEC+ yet another reason to reconsider its current plan to ease the ongoing cuts by 2 million bpd from January.