Libya’s National Oil Company (NOC) has announced that the force majeure at Sharara oilfield has been lifted with immediate effect and that production has restarted.

Libya has started the gradual re-implementation of operations at the country’s huge Sharara oilfield following a four month illegal blockade.

The Libyan Sharara oilfield has resumed work at half of its operational capacity, after going offline since Friday.

Libya’s crude oil production has increased by a third after resuming production from Sharara oilfield.

The 315,000 b/d field had been restarted as the Libyan NOC announced on March 4th.

The 315,000 b/d field was restarted with an expected regular output during the next days.

The UAE will host Libyan meeting to discuss the reopening issue of el Sharara oilfield.

Libya’s Sharara Oilfield will not be reopened again, after being closed for a month, until the groups occupying the field leave.

Libyan largest oil field Sharara field may lose around 8,500 barrels per day (b/d) of crude because of looting.

Libya’s National Oil Company (NOC) declared that oil and gas revenues in November declined to be $2.4 billion, down from $2.87 billion in October.