Production at Libya’s largest oil field is about to restart after a three-week outage, the country’s National Oil Corporation said in a statement. The National Oil Corporation declared force majeure on El Sharara several days later. "The loss of confidence in the continuity of supplying the global market with Libyan oil will result in Libyan oil remaining unmarketed," the Libyan oil ministry said in a statement at the time. El Sharara was producing around 270,000 bpd before the latest outage, which made it the biggest contributor to Libya’s total crude oil output. These demands include addressing corruption and removing the head of the National Oil Corporation, Farahat Bengdara, Reuters reported earlier this month.


Source:   Libya Today
January 22, 2024 11:59 UTC