Libya Fails To Recover From Production Setback

Libya’s oil output has failed to recover with the country’s two main western fields – totaling 470,000 b/d capacity – still offline after an attack on the larger of them, Sharara, last week. The divided country’s output is now languishing at little over 500,000 b/d, way down on recent highs.

The 340,000 b/d capacity Repsol-operated Sharara field was supposed to resume operations on 12 November, but pumps remained idle because the pipeline connecting the field to the coast has been shut down.


“It was back yesterday, but unfortunately we found that there is a problem with the pipeline, the pipeline is blocked, so today Sharara is not working yet,” said Muhammad al-Harari, a National Oil Corporation (NOC) spokesman, who did not elaborate on the reason for the shutdown. (CONTINUED - 898 WORDS)