LONDON: Libya’s National Oil Corporation confirmed on Saturday that production at its 290,000 barrels per day El Sharara oilfield was currently offline.
NOC said it was conducting a full-scale investigation into suspected closed valves in the Hamada area.
It also said in a statement that production from El Feel oilfield was unaffected by the incident.
Sources earlier told Reuters that production at El Sharara had halted on Friday due to a valve closure on the pipeline linking the field to Zawiya.
![]()
Libya’s NOC confirms 290,000 bpd production at Sharara offline
Libya’s NOC confirms 290,000 bpd production at Sharara offline
- NOC said it was conducting a full-scale investigation into suspected closed valves in the Hamada area
- It also said in a statement that production from El Feel oilfield was unaffected by the incident
Saudi finance ministry, IMF to launch AlUla conference for emerging market economies
RIYADH: The Saudi Ministry of Finance and the International Monetary Fund (IMF) will launch the second edition of the annual AlUla Conference for Emerging Market Economies.
Launched in 2025, the conference in this year’s edition brings together economic decision-makers, finance ministers, central bank governors, leaders of international financial institutions, and a select group of experts and specialists from around the world.
It will be held on Feb. 8 and 9.
This year's conference will highlight the rapid transformations occurring in the global economy and the challenges and opportunities they present for emerging market economies, particularly in the areas of international trade, monetary and financial systems, and macroeconomic policies.
Latest updates
© 2026 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.