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Spain’s Repsol’s oil production rises in Q3

by ChemOrbis Editorial Team -
  • 16/10/2014 (11:17)
Spain’s Repsol SA reported that their oil production advanced 6.3% in the third quarter of 2014 in line with a recovery in Libyan output, according to media reports. Repsol’s oil production reached 365,600 barrels/day while refining margins grew 50%.

Repsol had to shut their operations in Libya in the first half of this year as the company’s Spanish staff were evacuated owing to fighting among rival armed groups. In 2013, the company’s production in Libya accounted for about 12% of their total oil output.
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