Libya’s Al Sharara Back in ProductionBy Mohammed Jetutu, in CairoThe prospect of Libya producing less than 900,000 Barrels per day of crude in January 2024, still remains, but the country has had a reprieve with the return of the Al Sharara field to production. Al Sharara is one of the largest single accumulations on duty in the country, with a production capacity of more than 300,000 barrels per day of oil. Production from block NC186 started in 2003. Al Sharara output has been, however, severely challenged since a NATO backed militia ousted Libya strongman Moamer Ghaddafi in 2011. What could be termed a relatively steady production at the Al Sharara field resumed in January 2017 after a two-year closure caused by a pipeline blockade from November 2014 to December 2016.

Source: Libya Today January 22, 2024 23:07 UTC