Libya’s NOC says Sharara oilfield is losing 290k bpd

A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo

The Libyan National Oil Corporation (NOC) has confirmed that 290.0000 bpd of oil production at the Sharara oil field is currently offline.

“NOC teams are investigating a suspected closed valve/valves in the Hamada area.” The NOC said in a brief  statement on its Facebook page on Saturday.

The NOC also added that a full scale investigation is underway to figure out the reason that led to the shutdown of oil production.

“Production at the El Feel oil field is unaffected.” The NOC added in its statement.

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