Libya’s Sharara oil field interrupted extraction

Libya’s Sharara oil field stopped extracting crude oil several days after output plunged at another of the OPEC member’s biggest deposits.

 The halt resulted from the closing of a pipeline from Sharara to the Zawiya refinery, according to experts opinion. Sharara stopped production on Sunday (4/03/2018), according to Maghrebin sources. Libya had been pumping 1.1 million barrels a day as of March 1, with Sharara contributing 300,000 of that. The field is run by a joint venture between the National Oil Corp. and Repsol SATotal SA, OMV AG and Statoil ASA.

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