07.04.2019 - 14:22 [ petroleum-economist.com ]

Libya‘s oil fields fall into Haftar‘s hands

(today)

In the short term, Haftar‘s offensive has actually improved Libya‘s oil production, now running at about 1mn bl/d. Sharara had been closed since December after the militia paid to guard it took control, demanding a massive pay rise. When Haftar‘s forces captured Sharara they allowed the militia to stay, provided it removed key leaders and dropped excessive pay demands. In early March the NOC reopened the field.