Libya’s Sharara oil field gradually shutting down: engineer

7 Aug 2017   Libya

¬†Libya’s Sharara oilfield, which has been producing 270,000 barrels a day (bpd), is gradually shutting down after the closure of a control room in the northern city of Zawiya, an engineer at the field said late on Sunday. The engineer did not give details of why the control room had closed but posts by oil workers on Facebook said it had been stormed by an armed group. Libya has been exempted from an OPEC-led push to cut global production and bolster oil prices and the recovery of the North African country’s output over the past year has complicated the bloc’s efforts to curb global supply. A Libyan oil source, who confirmed Sharara was being shut down, said supplies of gasoline and jet fuel from Zawiya, which is home to an export terminal and a refinery, had also been halted. There was no immediate comment from the […]

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