On 3 April, Bloomberg reported that Libya's oil output had rebounded to around 660,000 pbd after the closure of al-Sharara oil field last week cut the country's total production to around 500,00bpd. Before this latest disruption, output had been at around 700,000pbd.
Force majeure on the Zawiya export terminal was lifted after pumping resumed Sunday at Sharara, the nation’s biggest oil field, Mustafa Sanalla, chairman of Libya’s state-run National Oil Corp., said Monday by phone. Libya’s overall production is 660,000 barrels a day, according to a person familiar with the matter who isn’t authorized to speak to the media and asked not to be identified. Libya’s output had dropped to about 500,000 barrels a day last week when production was halted at Sharara, according to the same person...
Libya’s NOC had declared force majeure on Sharara crude last Tuesday, a clause which relieves it from delivery obligations due to circumstances outside its control. The same restrictions are in still place for loadings from the Wafa oil field and the Mellitah export terminal, Sanalla said. Sharara’s production resumed Sunday, with output at 160,000 barrels a day, according to the person familiar.
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