The Minister of Oil and Gas in the Salvation Government, Mashallah Al-Zway has unveiled that 10 billion dollars is the approximate amount of money lost due to the shutdown of the pipeline connecting El-Sharara oil field with Al-Zawiya port over the last eight months.
Speaking to London-based al-Araby al-Jadeed newspaper, Minister Al-Zway indicated that efforts are underway to put El-Sharara oil field back in operation again after reaching some initial solutions for the resumption of crude supplies by opening the pipeline in Al-Rayana city by Zintani militias.
Early this month, Zintan agreed to reopen the pipeline after a peace agreement with Al-Zawiya city.
“Libya’s production is to increase to reach 700 thousand barrels a day if the resumption of production in El-Sharara field succeeds, knowing that the field is technically ready to pump oil to Al-Zawiya port for exportation.” Added Al-Zway.
El-Sharara oil field, a joint venture between NOC and Spain's Repsol, is about 800 km to the southwest of Tripoli with a production capacity of about 370 thousand barrels a day.
In November 2014, an armed militia affiliated with Zintan closed the oil pipeline, in Al-Rayana city, which connects El-Sharara field with Al-Zawiya port as a reaction to the takeover of the field by Libya Dawn Operation.
