Libya has lifted its force majeure on Monday after it stopped loading crude oil for the weekend from the Zawiya terminal following the suspension of production from the country’s largest field, Sharara, on Friday. “This is the result of an unlawful Sharara pipeline valve closure by an unidentified group between Hamada and the Zawiya port (on Friday evening), resulting in production being suspended,” a statement by the National Oil Corporation, as quoted by AFP, read. Sharara was shut down Friday, according to a Reuters report , because of a suspected valve closure on the pipeline carrying crude from the field to Zawiya. Before the closure, the field was pumping about 290,000 bpd. The closure, a NOC official told Reuters, would reduce Libya’s total production to a little over 1 million bpd. This is quite an improvement over production rates from December last year, when the country’s total production was […]