Armed Group Chokes Libya’s Largest Oil Field
NOC said output fell by about 200,000 barrels per day and warned the shutdown could force it to suspend contractual obligations.
- On Monday, an armed group shut valve 7 on the pipeline carrying crude from the Sharara oilfield to Zawiya, causing a sharp production drop, the National Oil Corporation said.
- Libya remains divided between the UN-recognised government in Tripoli led by Prime Minister Abdulhamid Dbeibah and a rival eastern administration backed by Khalifa Haftar, with armed groups frequently targeting energy infrastructure for political demands.
- The pipeline links Sharara, located 900 kilometres south of Tripoli, to the coastal city of Zawiya; the NOC warned the Zawiya refinery, about 45 kilometres west of Tripoli, could shut down if disruption continues.
- Sharara is a critical crude source for Libya, an OPEC member holding Africa's largest proven oil reserves; the closure caused pressure buildup and reduced production, directly decreasing state revenues as global oil prices rise.
- Recent attacks on energy infrastructure include fires and explosions at the Zawiya oil complex last month after drone strikes; Libya has faced persistent violence and instability since the 2011 overthrow of Muammar Gaddafi.
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67 Articles
Libya's Largest Oilfield Hit By New Armed Group Blockade
Libya's Largest Oilfield Hit By New Armed Group Blockade By Tsvetana Paraskova of OilPrice.com Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East. An armed group has closed Valve n.7 on the pipeline, L…
Cedarnews.net. . The closure of a valve in the oil pipeline The Sharara-Zawiya has cut the production of a deposit that contributes about a third of the Libyan crude, and. Cedarnews . .
Armed group cuts 200,000 barrels per day from major Libyan oilfield as Brent trades above $100
An armed group has forced a reduction of approximately 200,000 barrels per day at Libya’s Sharara oilfield after closing a valve on the pipeline carrying crude to the port of Zawiya.
Armed group shuts Libyan oil pipeline, jeopardising exports
A valve closure on the El Sharara-to-Zawiya pipeline has cut production at a field accounting for roughly a third of Libya's total output, prompting the national oil company to warn it may declare force majeure.
Observador
PublicoAn armed group caused the blockade of an oil pipeline in Libya when closing a valve. Oil production suffered a sharp fall as a result and may even become paralyzed.
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