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الشرق الأوسط
Libya armed group shuts main pipeline
An armed group in Libya has shut off the main pipeline valve connecting the Al-Sharara oil field to the Zawiya port, resulting in a significant decrease in oil production from approximately 300,000 barrels per day to between 100,000 and 105,000 barrels. This closure threatens to halt production, transportation, and export activities, which would negatively impact the national economy and reduce revenues at a time when global oil prices are rising. The National Oil Corporation has called for reason and the immediate reopening of the line, warning that continued closure could lead to a declaration of force majeure and the associated direct technical and economic damages. **It has been discovered that the field’s production has dropped by nearly 200,000 barrels per day due to this shutdown. Libya is one of the largest producers in Africa, with substantial oil reserves, but has faced recurrent production issues influenced by political and security problems since 2011.**
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