• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Home
Markets
Commodities

Libya's Sharara and El Feel oilfields has resumed on Saturday evening

July 15th, 2023 | 21:02 PM MARKETS Commodities 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Greek crews fight wildfire northwest of Athens for fourth day
Dangote refinery can be global jet fuel supplier, CEO says
Asia's imports of US crude surge, but can't offset Hormuz losses
US gasoline market set for fresh test after near-record stock draws
By Reuters

Production at Libya's Sharara and El Feel oilfields, which were shut on Thursday following the abduction of a former finance minister, has resumed on Saturday evening, four oil engineers and oil ministry said.

Sharara has partially resumed at 30,000 barrels per day out of its usual 290,000, two engineers said. Production will return to normal on Sunday morning, they said.

The Sharara field, one of Libya's largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters.

The field is located in Murzuq basin in southeast Libya. It is run by the state oil firm NOC via Acacus company with Spain's Repsol (REP.MC), France's Total (TTEF.PA), Austria's OMV (OMVV.VI), and Norway's Equinor (EQNR.OL).

El Feel field, which has a capacity of 70,000 barrels per day, is operated by Mellitah Oil and Gas which is a joint venture between the state oil firm NOC and Italy's Eni (ENI.MI).

Sharara and El Feel oilfields, as well as the 108 field, were all closed in a protest by al-Zawi tribe in response to the kidnapping of former finance minister Faraj Bumatari. The 108 oilfield remains shut.

In a message to Reuters on Saturday, the tribe's leader Al-Senussi Al-ahlaiq confirmed the release of Bumatari, who was kidnapped after arriving at Mitiga airport on Tuesday.

The U.N.- mission in Libya said in a tweet it "reiterates its call for the immediate release of all those arbitrarily detained including civilians, civic activists, political figures & members of security service."

Libya's oil minister Mohamed Aoun told Dubai-based Asharq TV on Saturday that the oilfields' closure had cost the North African country the production of 340,000 barrels.

The oil ministry also said the closures could lead to the declaration of force majeure.

"The loss of confidence in the continuity of Libyan oil supply to the global market will result in a loss of market share for Libyan oil and decreased demand for it," the ministry said in a statement.

Libyan oil output has been subjected to repeated closures for different political reasons and local protesters' demands during the chaotic decade since the 2011 NATO-backed uprising against Muammar Gaddafi.

  • Topic
  • Libya
  • OIL/SHUTDOWN (UPDATE 3)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Greek crews fight wildfire northwest of Athens for fourth day

Related Posts

Commodities
August 3rd, 2026

Greek crews fight wildfire northwest of Athens for fourth day

Commodities
June 2nd, 2026

Dangote refinery can be global jet fuel supplier, CEO says

Commodities
June 2nd, 2026

Asia's imports of US crude surge, but can't offset Hormuz losses

Commodities
June 1st, 2026

US gasoline market set for fresh test after near-record stock draws

Commodities
June 1st, 2026

China's crude oil imports slump, but it's economics not altruism

Commodities
May 29th, 2026

Mapping the Market: Gold approaches potential crossroads 

The Wire
Aug 20th 4 h ago
Business

AI productivity gains may not curb inflation, IMF's Tenreyr...

Aug 20th 4 h ago
Aerospace & Defense

Latvia says drone in its airspace on August 14 was Ukrainia...

Aug 20th 4 h ago
India

Indian central bank deputy urges banks to improve retail fo...

Aug 20th 4 h ago
Baseball

Guardians chase elusive home series win in matchup vs. Gian...

Aug 20th 4 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

TRENDING ON FINANCETIME
Aug 20th, 2026 Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th, 2026 Africa

AFRICA-FX-Ghana's currency back under pressure, Uganda's on front foot

Aug 20th, 2026 Soccer

How would a vote of no confidence work to oust FIFA president Infantino?

Aug 20th, 2026 Europe

Romania destroys marine drone near Neptun Deep gas project, minister says

Aug 20th, 2026 Baseball

Sal Stewart, Reds strive for edge in finale of 5-game series vs. Cards

Markets-Sectors
TELECOMMUNICATIONS SERVICES +0.03%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT