Libya NOC: Armed group blockade of Sharara-Zawiya pipeline causes $75M+ loss, shuts refinery unit
Libya's National Oil Corporation (NOC) reported that an armed group's continued blockade of a valve on the Sharara-Zawiya crude oil pipeline has caused a production loss of 720,362 barrels and over $75 million in damages as of September 24. The blockade forced the Zawiya refinery to halt one of its units, prompting the NOC to consider importing crude via Mellitah or Sidra ports. The NOC also announced reopening the pipeline valve, resuming crude flows, though no volume or timeline details were provided.
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Libya's NOC Reopens Sharara-Zawiya Oil Pipeline Valve, Resuming Crude Flows
Libya's National Oil Corporation (NOC) announced the reopening of the valve on the Sharara-Zawiya oil pipeline, resuming crude oil transportation. The Sharara field is one of Libya's largest oil fields, and the pipeline connects it to the Zawiya export terminal on the Mediterranean coast. The pipeline had been shut down due to political and security disputes, disrupting Libya's oil output and exports. The reopening is expected to restore a significant portion of Libya's crude production, potentially impacting global oil supply dynamics. The announcement was made via the NOC's official channels and reported by financial data provider Jin10. No further details on the volume or timeline of the resumption were provided in the brief statement.
Libya's NOC Says Armed Groups Blocking Valve Shuts Refinery Unit, Weighs Alternative Crude Supply
Libya's National Oil Corporation (NOC) announced that an armed group has continued to block a valve on the Sharara crude oil pipeline, forcing the Zawiya refinery to halt operations of one of its refining units. The NOC stated it is considering importing a batch of crude oil through either the Mellitah port or the Sidra port to maintain the Zawiya refinery's operations. The disruption highlights ongoing security challenges affecting Libya's oil infrastructure and production capacity.
Read sourceLibya's NOC Says Armed Group Blockade Shuts Refinery Unit, Weighs Crude Imports
Libya's National Oil Corporation (NOC) announced that an armed group has continued to block a valve on the Sharara crude oil pipeline, forcing the Zawiya refinery to halt operations of one of its refining units. The NOC stated it is considering importing a batch of crude oil through either the Mellitah port or the Sidra port in order to sustain the Zawiya refinery's operations. The disruption highlights ongoing security challenges affecting Libya's oil infrastructure and production capacity.
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Libya's NOC: Forced Closure of Sharara-Zawiya Pipeline Causes 720,362 Barrel Loss, Over $75M Damage
Libya's National Oil Corporation (NOC) reported that the forced closure of a valve on the Sharara to Zawiya crude oil pipeline has resulted in a production loss of 720,362 barrels as of September 24. The NOC stated that the direct financial losses from this incident exceed $75 million. The pipeline shutdown, attributed to the valve being forcibly closed, has disrupted crude oil flows from the Sharara field, one of Libya's largest oil fields, to the Zawiya export terminal. The NOC's announcement highlights the ongoing vulnerability of Libya's oil infrastructure to political and security disruptions, which have repeatedly impacted the country's hydrocarbon output and export capacity.
Read sourceLibya's NOC Reports 720,362 Barrel Oil Loss, Over $75 Million Damage From Pipeline Valve Closure
Libya's National Oil Corporation (NOC) announced that the forced closure of a valve on the Sharara to Zawiya crude oil pipeline has resulted in a production loss of 720,362 barrels as of September 24. The NOC stated that the direct financial losses from this incident have exceeded $75 million. The report, sourced from financial data provider Jin10, highlights a significant disruption to Libya's oil output, which is a key component of the country's economy and a factor in global oil markets.