Libya’s Sharara oil field stopped pumping crude oil several days after output plunged at another of the OPEC member’s biggest deposits.
The halt resulted from the closing of a pipeline from Sharara to the Zawiya refinery, according to a person with knowledge of the matter. The North African country’s largest field stopped production on Sunday, a second person with knowledge said. Libya had been pumping 1.1 million barrels a day as of March 1, with Sharara contributing 300,000 of that. The field is run by a joint venture between the National Oil Corp. and Repsol SA, Total SA, OMV AG and Statoil ASA.