Libyan Sharara Valve Closure Pulls Oil Output
The National Oil Corporation of Libya announced that an armed group has shut Valve No. 7 on an oil pipeline connecting the Sharara oil field to the Zawiya port, leading to a significant reduction in production by approximately 200,000 barrels per day, bringing output down to between 100,000 and 105,000 barrels daily from the previous level of about 300,000 barrels per day. The corporation warned that continued closure could halt production and export operations, negatively impacting national revenues and threatening the oil transportation and refining infrastructure, especially amid rising global oil prices. It called on authorities to urgently reopen the pipeline, warning that legal measures will be taken if the closure persists, highlighting that such situations increase technical and economic risks to the Libyan oil sector.
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