Libya’s Sharara Field Resumes Operation

Libya’s Sharara Field Resumes Operation

Libya’s Sharara field started running again as the country started pumping crude through a pipeline connected to the Zawiya refinery, reported Bloomberg.

Oil began to be distributed through the pipeline on the 26th of April, and was expected to reach Zawiya on the 27th of April 2017.

Meanwhile, the National Oil Corporation (NOC) announced on the 1st of May that Libya’s oil production has increased above 760,000b/d, which is its highest production rate since December 2014, Reuters informed.

NOC’s Chairman, Mustafa Sanalla, said in a statement that NOC was working on plans to increase production further.

He has previously set a goal of boosting output to 1.

1mb/d by August.

The NOC gave no breakdown for the latest production increase, but it is mainly due to the reopening of the major western field of Sharara last week.

NOC previously stated that Sharara is operated by a joint venture between the NOC and Repsol SA, Total SA, OMV AG and Statoil ASA. The field’s total capacity is 330,000b/d, and output was 200,000b/d.

Sarah Samir 3455 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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