Libya Oil Revival Cut Short By Sharara Outage

The spread of fighting from Tripoli to nearby Zawiya has caused the first major setback to Libya’s resurgent oil sector. The country’s political instability, amid interference from a plethora of external actors, threatens to further undermine the comeback.

After weeks of production gains, Libya’s oil revival came to an abrupt halt after continued militia clashes near a key export terminal forced the shut in of the Sharara field - the country’s biggest source of crude.

Fighting near the oil port and refinery complex at Zawiya, a town to the west of Tripoli, caused operations at the 340,000 b/d Sharara field to cease on 17 September, according to sources at state-owned National Oil Corporation (NOC). (CONTINUED - 1168 WORDS)