UPDATED: Libya’s NOC says closure of El Feel and Sharara oilfields resulted in loss of 330,000 bpd

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The closure of Libya’s El Feel and Sharara oilfields resulted in the loss of 330,000 barrels per day (bpd), and over 160 million dinars ($34.69 million) on a daily basis, the National Oil Corporation (NOC) said on Sunday.

Last week, two oil engineers at Libya’s main Sharara field said operations had been paused after a pipeline valve was shut down, without giving further details.

NOC head Mustafa Sanallah said in a statement on Facebook that shutting down pipeline valves enforced the corporation to declare force majeure on oilfields.

At least four of six Libyan ports that ship the OPEC nation’s oil to international markets have reopened after closing on Thursday, according to people familiar with the matter.

The terminals at Ras Lanuf, Brega, Zuetina and and Es Sider have resumed operations, said the people who asked not to be identified as they’re not authorized to speak to the media.

The state-run National Oil Corp. on Thursday said the four ports, as well as facilities at Mellitah and Zawiya, were temporarily shutting due to bad weather. Libya’s energy minister, who has been at odds with the NOC, subsequently said the move was unwarranted and a “violation of national security.”

via Reuters and Bloomberg News

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