Largest Libyan Oil Field Resumes Output Amid Cease-Fire Push
- Restart of Sharara field follows opening of valve on Friday
- Nation’s oil has all but stopped flowing due to civil war
A worker stands on an oil drilling rig in El-Sharara, Libya.
Photographer: Benjamin Lowy/Getty ImagesThis article is for subscribers only.
Libya’s biggest oilfield is gradually resuming production after a five-month shutdown as regional powers push to end the country’s civil war.
The restart of the Sharara field in the southwest comes after “lengthy negotiations” with militants to reopen a valve closed in January, the state-run National Oil Corp. said Sunday. Production will resume at an initial 30,000 barrels per day and take three months to return to full capacity due to damage caused by the shutdown, it said in a statement.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
Largest Libyan Oil Field Resumes Output Amid Cease-Fire Push