Libya’s Sharara oil field resumes production: source – Reuters
LONDON Libya's Sharara oil field resumed production on Sunday after a week-long shutdown when a pipeline linking it to an export terminal was blocked, a Libyan oil source told Reuters.
Crude from the field is due to reach the Zawiya terminal later tonight the source said, declining to be identified because he was not authorized to speak to the media.
NOC declared force majeure on exports of Sharara crude on March 28, a day after the shutdown of the field. The force majeure remains in place for now, the source said but added it could be lifted as early as Monday morning.
The source said the state-owned National Oil Corp's Chairman Mustafa Sanalla was able to convince the group which blocked the pipeline from the field to the Zawiya terminal of the importance of resuming oil flows unconditionally.
The field was producing around 220,000 bpd before the shutdown.
(Reporting by Ahmad Ghaddar, Editing by Dmitry Zhdannikov)
HOUSTON/CARACAS Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a government source familiar with the talks told Reuters on Friday.
WASHINGTON U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, but wheat seedings will fall to the lowest on record, the government said on Friday.
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Libya's Sharara oil field resumes production: source - Reuters
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