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Oil

Libya’s Waha Oil Co. to increase output after fixing pipeline leak: Oil source

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Libya’s Waha Oil Co aims to return to normal output operations on Thursday after fixing a leak on a pipeline that more than halved the company’s oil production, an oil source at the Es Sider crude export terminal said.

Waha, a unit of state-owned National Oil Corp, reported the leak on Monday, saying it affected production at the Samah oilfield which feeds Es Sider.

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The same source told Reuters earlier that production had fallen to 130,000 barrels per day on Wednesday, from 285,000 bpd a day earlier.

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