Oil production at Libya's largest field suspended again

Oil production at Libya's largest field suspended again Oil production at the largest field in Libya, El Sharara, has again been suspended, Reuters said, citing its sources, Report informs via TASS.
Energy
June 7, 2022 16:41
Oil production at Libya's largest field suspended again

Oil production at the largest field in Libya, El Sharara, has again been suspended, Reuters said, citing its sources, Report informs via TASS.

On Sunday, the National Oil Corporation of Libya announced the resumption of work at the El Sharara field after a two-month break.

In early April, protesters in support of the parliament-elected new head of government, Fathi Bashagha, blocked key export ports and fields. As a result, the work of the ports of Zuweitina and Brega was stopped, as well as oil production was suspended at the El Sharara and El Fil fields.

Economists have estimated the country's daily losses from the forced cessation of oil production and blocking of export ports at $150 million.

In early May, Bashagha announced the lifting of the blockade from ports and fields, but in reality, oil shipments began only in the port of Zuweitina.

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