Will Libya’s Production Rebound As Its Largest Oil Field Re-Opens?

26 Apr 2017   Libya

Libya’s biggest oil field, Sharara, which has been offline for most of the past month, is set to reopen after the Petroleum Facilities Guard (PFG) reached an agreement with protesters who have repeatedly shut down the pipelines that pump oil into the field, according to PFG chief, Brigadier General Idriss Abu Khamada. The deal that the PFG has reached will lead to the reopening of the Sharara field, which produces 200,000 bpd, according to Khamada. At the end of March, unnamed armed factions were said to have blocked production at the Sharara and Wafa fields in western Libya, cutting the country’s total output by 252,000 bpd . Sharara alone produced 220,000 bpd before the shutdown, accounting for a large part of Libya’s overall 700,000 bpd production until that point. It resumed pumping oil after a two-year pause last December. Less than a week later, Libya’s National Oil Corporation (NOC) […]

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