Libya Biggest Oil Field Said to Shut for 2nd Time in Two Weeks

11 Apr 2017   Libya

Libya’s biggest oil field was said to stop producing, just one week after it reopened, the latest in a series of disruptions in the country’s crude output. The pipeline carrying crude from Sharara, Libya’s biggest field, to the Zawiya refinery stopped operating on Sunday, according to two people familiar with the matter who asked not to be identified because they’re not authorized to speak to media. It wasn’t clear why the pipeline was shut. The state oil company National Oil Corp. couldn’t be reached immediately for comment. Sharara, in western Libya, was pumping 200,000 barrels a day, the NOC said on April 4. The halt is poised to disrupt the country’s production which just returned to its normal levels of about 700,000 barrels a day. Clashes among rival armed groups in early March led to the closing of two of the nation’s biggest oil export terminals, forcing a number […]

Comments are closed.