ANL 14.34 Decreased By ▼ -0.41 (-2.78%)
ASC 13.95 Decreased By ▼ -0.05 (-0.36%)
ASL 15.10 No Change ▼ 0.00 (0%)
BOP 8.52 Decreased By ▼ -0.08 (-0.93%)
BYCO 6.54 Decreased By ▼ -0.15 (-2.24%)
FCCL 18.80 No Change ▼ 0.00 (0%)
FFBL 26.85 Increased By ▲ 0.35 (1.32%)
FFL 11.00 Decreased By ▼ -0.19 (-1.7%)
FNEL 10.51 Decreased By ▼ -0.38 (-3.49%)
GGGL 16.25 Increased By ▲ 0.55 (3.5%)
GGL 31.50 Decreased By ▼ -0.61 (-1.9%)
HUMNL 6.24 Decreased By ▼ -0.11 (-1.73%)
JSCL 16.89 Decreased By ▼ -0.37 (-2.14%)
KAPCO 33.10 Decreased By ▼ -0.15 (-0.45%)
KEL 3.27 Increased By ▲ 0.04 (1.24%)
MDTL 2.27 No Change ▼ 0.00 (0%)
MLCF 37.10 Increased By ▲ 0.65 (1.78%)
NETSOL 102.80 Increased By ▲ 0.64 (0.63%)
PACE 4.68 Increased By ▲ 0.28 (6.36%)
PAEL 23.15 Decreased By ▼ -0.40 (-1.7%)
PIBTL 7.86 Increased By ▲ 0.16 (2.08%)
POWER 7.05 Increased By ▲ 0.29 (4.29%)
PRL 13.66 Decreased By ▼ -0.27 (-1.94%)
PTC 8.90 Decreased By ▼ -0.17 (-1.87%)
SILK 1.31 Decreased By ▼ -0.04 (-2.96%)
SNGP 41.70 Decreased By ▼ -0.10 (-0.24%)
TELE 16.99 Increased By ▲ 0.06 (0.35%)
TRG 87.75 Decreased By ▼ -2.76 (-3.05%)
UNITY 25.35 Increased By ▲ 0.05 (0.2%)
WTL 2.20 Increased By ▲ 0.05 (2.33%)
BR100 4,671 Increased By ▲ 6.15 (0.13%)
BR30 18,834 Increased By ▲ 159.86 (0.86%)
KSE100 45,369 Increased By ▲ 296.76 (0.66%)
KSE30 17,576 Increased By ▲ 146.24 (0.84%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,737
924hr
Pakistan Cases
1,285,254
41424hr
0.98% positivity
Sindh
475,820
Punjab
443,185
Balochistan
33,484
Islamabad
107,722
KPK
180,075
Markets

Production at Libya's Sharara oilfield restarts, engineers say

  • The restart at the field in southwest Libya followed a rapid military retreat by forces loyal to eastern-based commander Khalifa Haftar.
  • GNA forces have been advancing from Tripoli towards the south and east as Haftar's forces retreat.
  • Output at Sha
07 Jun 2020

BENGHAZI: Production at Libya's giant Sharara oilfield was gradually restarting on Saturday after a blockade closed the 300,000 barrels-per-day field for more than four months, two engineers from the field said.

The restart at the field in southwest Libya followed a rapid military retreat by forces loyal to eastern-based commander Khalifa Haftar, whose allies had blockaded major oilfields and ports since January, shutting off most of Libya's production and billions of dollars in revenue.

A valve that had been closed on the pipeline running from Sharara to the northern port of Zawiya as part of the blockade was reopened on Friday, the Petroleum Facilities Guard said.

Ali Kanna, a guard commander aligned with the internationally recognised Government of National Accord (GNA), had entered Sharara without resistance on Saturday, the engineers said. GNA forces have been advancing from Tripoli towards the south and east as Haftar's forces retreat.

Output at Sharara began at about 20,000 bpd, and the filling of storage tanks during the restart was expected to take two to three days, the engineers said.

There was no immediate comment from Libya's National Oil Corporation (NOC), nor any news of a restart at El Feel, another southwestern field linked to Sharara.

Sharara is operated by the NOC in a joint venture with Spain's Repsol, France's Total, Austria's OMV and Norway's Equinor. The NOC declared force majeure on loadings from the field in January.

El Feel, which previously produced 70,000 bpd, is operated by the NOC and Italy's Eni.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.