Following a change in management that ended a crippling strike by workers, one of Libya's major oil companies, Wafa Oil Co., is reported ready to become the last of the country's oil giants to resume pumping crude in December.
Khaled Othman, a Waha Oil Co. construction supervisor who was one of the leaders of strike action in September has been reported saying that employees are getting back to work. He said that they will be back at the oil field Saturday and hopefully resume pumping in December.
Waha Oil Co., Libya's largest oil operation with ties to foreign companies, is now under a new chairman, Ahmed Ammar who replaced former head, Bashir Elashahab, who allegedly had ties to the regime of former Libyan dictator Muammar Al Qathafi.
Khaled Othman, a Waha Oil Co. construction supervisor who was one of the leaders of strike action in September has been reported saying that employees are getting back to work. He said that they will be back at the oil field Saturday and hopefully resume pumping in December.
Waha Oil Co., Libya's largest oil operation with ties to foreign companies, is now under a new chairman, Ahmed Ammar who replaced former head, Bashir Elashahab, who allegedly had ties to the regime of former Libyan dictator Muammar Al Qathafi.
Workers had gone on strike in protest against Elashabab's leadership. With Ahmed Ammar in charge at the company the workers appear to be happy enough and are ready to return.
Before Libya's eight-month conflict, which ended on October 20 with the capture and killing of Al Qathafi, Waha Oil Co. used to produce over 20% of the country's whole production, that is more than 350,000 barrels of crude oil a day.
Before Libya's eight-month long conflict that ousted former Libyan leader Al Qathafi from power after 42 years, Wafa Oil Co., partly owned by Marathon Oil Corp. , ConocoPhillips and Hess Corp., used to pump over 20% of the country’s whole production, that is, over than 350,000 barrels of crude oil a day.
Oil production in Libya's other main fields has already resumed, faster than first expected after end of Al Qathafi's reign. Wafa's return to the production line, will mean that Libya could reach its goals much quicker.
