Libya armed group halts oil pipeline
The National Oil Corporation of Libya has confirmed that an armed group closed Valve No. 7 on the Sharara oil field pipeline, leading to a decrease in production by approximately 200,000 barrels per day, bringing it down to between 100,000 and 105,000 barrels per day. They warned that prolonged closure could result in the cessation of production, transport, and export activities, which would negatively impact the national economy and further damage the oil infrastructure amid ongoing security threats and sector disruptions. The corporation called for the immediate reopening of the pipeline and urged rational action, warning that if the closure persists, a force majeure declaration may be inevitable. Sharara is one of Libya's largest oil fields, with an estimated production capacity of around 300,000 barrels per day, but it frequently faces disruptions due to political and security conflicts.
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