Libya's al-Charara Oil Field Hit by Pipeline Closure Amid Global Price Volatility

The National Oil Corporation (NOC) of Libya has reported a decline in production at the al-Charara oil field due to the closure of a valve on the pipeline linking the site to the port of Zawiya. The incident occurred when an armed group shut valve number 7 on Monday morning, disrupting crude flow and causing a pressure buildup in the transport line.

NOC warns that continued closure could lead to a halt in production, transport, and export operations linked to al-Charara, which would impact Libyan state revenue. Global oil prices remain elevated, and a prolonged cutoff would increase fuel import costs for the domestic market.

The al-Charara field is operated by Akakus Oil Operations on behalf of NOC and several international partners, including Repsol, TotalEnergies, OMV, and Equinor. The site produces around 350,000 barrels per day, with crude transported over 723 kilometers to the Zawiya storage terminal.

NOC has called on relevant authorities to secure oil facilities and reopen the pipeline to avoid a complete suspension of flows between al-Charara and Zawiya.