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Libya Oil Output Drops to Post-March Low as Biggest Field Halted

  • Sharara stopped pumping after valve closed on export pipeline
  • Field has seen sporadic disruptions as Libya strife persists
An oil drilling rig in El-Sharara, Libya. 
Photographer: Benjamin Lowy/Getty Images
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Libya’s oil production dropped to about 950,000 barrels a day, its lowest in five months, after an unidentified group closed a valve on a pipeline linking the country’s largest oil field to an export terminal on the Mediterranean.

The Sharara field started shutting down at 10 p.m. on Tuesday, with Libya’s National Oil Corp. subsequently declaring force majeure on loading of the crude at Zawiya port. The deposit, which can pump about 300,000 barrels daily, is operated by a joint venture between the NOC and Total SA, Repsol SA, OMV AG and Equinor ASA.