Libya's Waha Oil Co: Restarted Oil Production

LONDON (Dow Jones Newswires), Nov. 28, 2011

Libya's giant Waha Oil Co., the last oil producer yet to resume operations after the war, has restarted production, an official at the company said Monday.

Waha Oil Co. is the largest oil producer in Libya with foreign partners, which are ConocoPhillips, Hess and Marathon Oil.

Waha Oil Co. is now producing 16,000 barrels a day, according to Waha construction supervisor Khaled Othman.

The resumption comes after staff ended a strike that called for the demotion of top managers. The government has agreed to dismiss the managers.

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