Libya oil production loses 300.000 bpd as gang shuts down key Sharara oilfield, demanding LYD 25 million

BY Libyan Express Mar 04, 2018 - 20:45

A general view shows an oil refinery in Zawia, 55km west of Tripoli December 18, 2013. REUTERS/Ismail Zitouny (LIBYA)

Libya’s Sharara oil field stopped pumping crude oil and the National Oil Corporation announced force majuere inside it after a gang in Hamada area shut down pipeline from Sharara to the Zawiya refinery.

This plague to Libya’s oil production comes several days after output plunged at another shutdown – at Al-Feel oilfield.

The NOC posted on its Facebook page a statement saying “there will be a force majeure on Libya oil exports and the country will lose over 300.000 bpd.”

“A man named Hassan Al-Juwaili from Zintan leading a gang that shut down the pipeline last year came again today and closed the pipeline.”

The gang leader wants the NOC to hire service companies he owns in trash collection nearby the pipeline, the NOC added, saying the money he asked for amounted to 25 million Libyan dinars.

“We call on Zintan residents to face this conspiracy and help save Libya’s ailing economy by securing their only source of income.” The NOC added.

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