Libya’s largest oil field re-opens after pipeline protests end

Libya’s largest oil field re-opens after pipeline protests end

The Sharara oil field in Western Libya, with a capacity of around 330,000 barrels per day (bpd), has re-opened after protests blocking the fields pipelines ended.

Libya’s National Oil Corporation (NOC) confirmed the news before announcing that there may be long-standing agreements in place to keep the field online and producing at least 200,000 bpd.

The oil field is the largest of its kind in Libya, but has operated only in fits and starts this year following a series of protests on the site.

The North African country’s oil production has been repeatedly hit by protests and militant attacks since the fall of Muammar Gaddafi in 2011, but has shown signs of growth in recent months.

National production increased to around 715,000 bpd in January after two major ports were re-opened, with the NOC aiming to reach 1.1 million bpd of production by August.

Libya is exempt from the production cuts recently established by OPEC members, as it looks to recover from the intense military conflict which culminated six years ago.

@RGNonline