Waha

Waha, which is involved in real estate and leasing for the oil and aviation sectors including deals for military planes for the UAE Armed Forces, reported a profit of 5.99 million dirhams ($1.63 million), down from 54.5 million a year earlier.

FinanzNachrichten.de: Aktuelle Nachrichten 2010

Abu Dhabi-based investment holding company Waha Capital PJSC ("Waha", ADX: WAHA), under which

Waha Capital to Acquire a 20% Stake in AerCap in Exchange for Certain Aircraft Leasing Assets and $105 Million in Cash in a Transaction Valued at $380 Million - Yahoo! Finance 2010

But the end of the strike at Waha is lifting a key hurdle to the ramp up of Libyan oil production, which has already resumed faster than expected after the war brought it to a standstill last February.

Libya's Waha Set To Restart In December - Official Benoit Faucon 2011

Marathon and ConocoPhillips , partners in Libya's Waha field, indicated they didn't yet have a timetable for returning workers to the country, where fighting has raged since early this year between a rebel group and Col.

Oil Producers Take Steps to Return Liam Pleven 2011

Before Libya's conflict, which ended with the death of Gadhafi last month, Waha Oil produced more than 350,000 barrels of crude oil a day—over 20% of the country's production.

Libya's Waha Set To Restart In December - Official Benoit Faucon 2011

Workers had gone on strike in September to protest the leadership of Waha's then-chairman Bashir Elashahab , who allegedly had ties to the regime of strongman Col.

Libya's Waha Set To Restart In December - Official Benoit Faucon 2011

For instance, resumption of full production at Waha Oil Co., which operates concessions partly owned by Marathon Oil Corp., ConocoPhillips and Hess Corp., will be hindered by extensive damage at its Es-Sider export terminal, they said.

Oil Companies Prepare for Libya Restart Benoit Faucon 2011

A spokesman at ConocoPhillips said it can't confirmed that work has resumed at Waha Oil Co. But he said the U.S. company's status remains the same regardless.

Libya's National Oil Calls on Workers to Return Benoit Faucon 2011

ConocoPhillips said it didn't know the extent of damage on the Waha field, which had provided average output of about 350,000 barrels of oil equivalent a day.

Oil Producers Take Steps to Return Liam Pleven 2011

Khaled Othman , a Waha Oil Co. construction supervisor and one of the strike's leaders, said, "We will go back Saturday to the field, [and] I am confident [production] will start sometime in December."

Libya's Waha Set To Restart In December - Official Benoit Faucon 2011