Armed Group Shuts Down Pipeline, Threatens Libyan Oil Exports
An armed group in Libya has shut down a pipeline connecting the country's largest oil field, El Sharara, to the coastal city of Zawiya. This move has significantly reduced production at the field, with the National Oil Corporation (NOC) warning that it may declare force majeure if the blockage persists.
El Sharara is located about 700 kilometers south of Tripoli and produces around 350,000 barrels of oil per day, accounting for roughly one-third of Libya's total output. The pipeline connects the field to Zawiya, where one of the country's main export terminals is located.
The NOC noted that reduced production would directly cut state revenues at a time of rising global oil prices. If force majeure is declared, it will allow suppliers to suspend contractual obligations due to circumstances beyond their control.