Libya-based Waha Oil Co reached a production rate of 75,000 barrels per day and expects output to increase in the coming weeks, according to recent reporting by Reuters. The oil company plans to bring the Jalu oilfield online soon, which will be the firm’s third revived field after Waha and Samah. The National Oil Corporation owns Waha as a joint venture subsidiary with ConocoPhillips, Marathon and Hess Corp. Output from Waha resumed last month when several previously blockaded ports opened for business. The field contributes to the Es Sider port, which has been damaged due to fighting from the North African country’s four-year civil war and its terrorist insurgencies. Once the Es Sider port completes its renovations and a new pipeline from the Jalu field begins work, oil production will increase further, Waha said, without adding a specific timeline for the construction. Related: How Trump Could Change LNG Markets […]