Tripoli— Libya’s National Oil Corporation (NOC) said an armed group closed Valve 7 on the Sharara crude oil pipeline to Zawiya port on Monday, triggering a sharp decline in production at the Sharara oilfield.
Sharara is one of Libya’s largest oilfields, and disruptions to its pipeline infrastructure can quickly affect the country’s crude supply and export flows.
The NOC said the closure resulted in a significant drop in output, although the statement did not immediately provide details on how long the disruption was expected to last or the volume of production affected.
The development adds another layer of operational risk to Libya’s oil sector, where disruptions to production and transport infrastructure have periodically affected crude exports.
Market Watch
Asset: Sharara crude oilfield
Infrastructure: Pipeline to Zawiya port
Development: Valve 7 closed by an armed group
Impact: Sharp decline in Sharara output
Sector: Oil & Gas / Energy Security
Source: Reuters
