Sharara Oil Field
6 articles
Libya's Sharara Pipeline Reopens, but Europe's Crude Squeeze Persists
Libya's Sharara-Zawiya pipeline reopened after a five-day shutdown that caused substantial production losses. Saudi loadings from Yanbu have also resumed, but neither restart confirms a return to full capacity or guarantees replacement barrels for European buyers.
Sharara output tops 300,000 barrels per day, NOC chairman says
The National Oil Corporation chairman says Sharara has resumed output above 300,000 barrels per day. Libya is exempt from OPEC production quotas, but pipeline flows and terminal loadings will be needed to confirm that the restart is sustained.
Armed group shuts Libya's main oil pipeline, threatening exports
Libya's biggest oil field has slashed production after armed men closed a key pipeline valve. The move threatens crude exports and state income as oil prices surge. The National Oil Corporation warns it may declare force majeure if the shutdown drags on.
Repsol stock rises as Libya oil cut tests investor nerves
Repsol shares jumped 2.45 percent to EUR 30.54, even after a sharp production cut at Libya's El Sharara field. Investors are weighing strong first-half profits against fresh supply risks in North Africa.
Sabotage at Sharara pipeline cuts Libyan oil output by two thirds
Libya's Sharara oil field has lost about 200,000 barrels a day after an armed group closed a vital pipeline valve. The National Oil Corporation is now warning it may declare force majeure if the blockade drags on, putting state revenues at risk.
Armed group shuts Sharara oil pipeline to Zawiya port in Libya
Production at Libya's Sharara oilfield collapsed after an armed group closed a key pipeline valve to al-Zawiya port. The National Oil Corporation confirmed the stoppage, which comes after a series of attacks on Libya's energy sites.