Libyan oil production resumes with the reopening of the El Sharara field

Sources told Bloomberg that Libya’s oil production recovered and reached 1 million barrels a day after the military ended a 3-week siege on many Western fields, including the largest in the country. village.

The sources added that government officials have reached a deal with the Petroleum Facilities Guard since questThe latter has closed some oil fields to put pressure on the government to pay wages and some political demands. In December, pipelines carrying oil from the El Sharara field, Libya’s largest field, and others to ports were closed, according to what Al Arabiya saw.net.

According to sources, the agreement, the details of which have not been disclosed, will lead to the resumption of production also in the fields of El Feel, Hamada and Al Wafa, in addition to that of El Sharara. The closure of the four fields reduced Libya’s crude oil production by 350,000 barrels per day.

The Structural Guard’s move prompted the National Oil Company to stop exports from the ports of Zawiya and Mellitah. It was unclear whether the National Oil Corporation had ended the force majeure conditions.

Exports from most other ports in the country were suspended this week due to bad weather.

Before the closure, the Libyan oil sector was going through a period of calm. Production rose to over 1 million barrels per day at the end of 2020 and by 2021 it was in media of approximately 1.2 million.

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