Libya’s biggest oilfield is gradually resuming production that had been halted by an almost five-month blockade, an official said Saturday.
The restart of the Sharara field in the country’s southwest comes after a valve on the pipeline running to the port of Zawiya was reopened on Friday, according to Ali El-Zeeb, the commander of the petroleum facilities guards aligned with Libya’s UN-recognized Government of National Accord (GNA). Before the shutdown in mid-January, Sharara was producing as much as 300,000 barrels a day.
The restart of the field, which is operated as a joint venture between the National Oil Corp. and Total SA, Repsol SA, OMV AG and Equinor ASA, follows the fall-back from western Libya of fighters loyal to Khalifa Haftar, the eastern-based commander who’s been battling to seize the capital, Tripoli, from the GNA for more than a year.
Supporters of Haftar have blockaded major oilfields and ports since January, cutting output in the North African nation from as much as 1.2 million barrels a day to some 90,000 barrels. The reduction has had the inadvertent effect of helping OPEC+ in re-balancing the global oil market.
Haftar said Saturday in Cairo that he was accepting an Egyptian-sponsored cease-fire and a political initiative to end the war, steps that could open the door to the eventual full recovery of production.
Saudi Arabia welcomes Egypt’s efforts to mediate, resolve Libya crisis: StatementSaudi Arabia said on Saturday that it welcomed the efforts made by Egypt aimed at resolving the conflict in Libya, according to an official statement, ... North Africa
Libya’s oil production falls to 119,867 barrels a dayLibya’s National Oil Corp (NOC) said the north African state’s oil output fell to an average of 119,867 barrels per day as of Wednesday, ... Energy
Libya’s oil refining company stops production as crude runs outLibya’s Azzawiya Oil Refining Company said on Sunday it was forced to stop refining operations due to a lack of crude supplies and no inventory. ... Energy