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What will be the status of Libya's Sharara oil field by December 31, 2024?
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Resolution / Starting Odds
Fully operational • 25%
Partially operational • 25%
Shut down • 25%
Other • 25%
Official announcements from Libya's National Oil Corporation (NOC) or credible news sources
Story
Libya's 300,000 b/d Sharara Oil Field Shuts Down Amidst NOC's Production Increase Plans
Aug 3, 2024, 07:51 PM
Libya's Sharara oil field, which produces 300,000 barrels per day, is being shut down. The partial closure was carried out by a group affiliated with the General Command of the Libyan Army in the East, with protestors now inside the field. This development comes shortly after Libya's National Oil Corporation (NOC) announced a plan to increase national oil production to 2 million barrels per day by 2027, having recently reported a production level of 1.5 million barrels per day. The Sharara field shutdown has raised concerns over Libya's ability to meet its oil production targets.
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Resumed to pre-halt levels • 25%
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