Libya’s Sharara Oil Field Resumes Production

5 Oct 2017   Libya

After a three-day suspension of production due to a blockade by an armed group, Libya’s giant Sharara oil field re-opened on Wednesday, Bloomberg reports, quoting an emailed statement by Libya’s National Oil Corporation (NOC). As of Wednesday, the NOC lifted the force majeure at Sharara—which had been closed since Sunday evening—and is able to restart delivering oil from Sharara to customers, the Libyan company said. Less than a month after Sharara returned to pump oil following a two-week disruption, the field closed again on Sunday evening, shutting in more than 230,000 bpd of Libya’s crude oil production. According to a trading source who spoke to Reuters on Monday, the latest shutdown at Sharara was due to a protest over salaries. Just before the oil field was closed on Sunday, it was producing around 236,000 bpd, an engineer at the oil field told Reuters. The armed group that had blocked […]

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