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 SA, Total SA, OMV AG and Statoil ASA.