Libya's National Oil Corporation (NOC) announced today, Saturday, the resumption of crude oil pumping via the Sharara-Zawiya pipeline. The corporation confirmed the reopening of valve number 7, noting the gradual return of oil flows to their normal levels after a
closure that lasted for several days. The crisis had begun with the closure of valve 7 on the Sharara crude oil transfer line, which resulted in a pressure increase and a sharp decline in the field's production, considered one of the
largest oil fields in the country. The NOC stated that the closure caused a loss of approximately 130,000 barrels per day of production, warning that the continued halt in flow would have led to further operational and production losses. The corporation
clarified that the daily production loss from the field amounted to 129,085 barrels on Monday, September 21, rising to 259,349 barrels on Tuesday, then 235,983 barrels on Wednesday, and recorded 237,937 barrels on Thursday, September 24. NOC data indicated that
the total cumulative loss over four days of closure reached 720,362 barrels of crude oil, while direct financial losses exceeded $75 million by September 24.
