Libya’s Oil Production Set to Recover as Largest Field Restarts
- Sharara output was halted for two days after valve closed
- Closure had cut nation’s overall daily output to 1 million bbl
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Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt.
A valve in the pipeline that carries crude from the Sharara field to the Zawiya refinery has been reopened and tested, said the state-run National Oil Corp. The stoppage occurred Friday night, and authorities lifted a short-lived force majeure on loading Sharara crude at Zawiya on Monday.