Libya’s largest oilfield, Sharara, restarted oil production this weekend following weeks of shutdown over protests, sources in Libya told Argus on Monday. The Parliament-backed Libyan Prime Minister Fathi Bashagha, who was elected in February, said on Twitter in early May that Libya’s oilfields were expected to reopen soon, after militias agreed to lift the siege on oil facilities. However, it took another three weeks for production at Sharara to resume. According to Argus’ sources, production at the biggest Libyan oilfield restarted at a rate of 180,000 bpd on June 4. Volatile production in Libya has added to the huge uncertainties in the global oil market in terms of supply.

Source: Libya Today June 06, 2022 14:30 UTC