Production has partially resumed at Libya's largest oil field after a force majeure was imposed on it earlier this month, the operator of the field, Spain's Repsol, told Argus this week. The National Oil Corporation, which imposed the force majeure, had not confirmed the restart of production as of the writing of this article. The NOC said it was "obliged" to declare a state of force majeure on El Sharara "until further notice." According to Repsol, however, the El Sharara field is producing again, at a rate of 70,000 bpd. The latest production disruptions are happening as Libya eyes substantial expansion of its oil production in order to take better advantage of higher oil prices.

Source: Libya Today April 29, 2022 13:33 UTC