The forced closure of Valve No. 7 began on September 21 and caused a loss of 720,362 barrels of output and more than $75 million in direct losses as of September 24. During the blockade, Petroleum Facilities Guard personnel also obstructed the gates of the Brega Petroleum Marketing Company and the Zawiya Oil Refining Company, blocking employees from entering. While the NOC cited direct losses of $75 million, other estimates suggest the total cost of the disruption approached $100 million.
Wednesday, October 21, 2026
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Libya's NOC Reopens Sharara Pipeline After $75 Million Blockade
Commodities24 days ago
The National Oil Corporation of Libya restored output at the Sharara oilfield on Saturday after armed groups from the Petroleum Facilities Guard illegally shut a key pipeline valve. Crude flows in the Sharara-Zawiya pipeline have resumed, and the NOC stated that production levels will gradually return to normal. The reopening ends a crisis that forced the shutdown of one refining unit at the Zawiya refinery and prompted the United Nations to warn of economic fallout for the state.
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