LIBYA’S SHARARA OILFIELD RESUMES PRODUCTION

The Sharara oilfield produces more than 300,000 barrels of crude oil per day, forming roughly one-third of the oil-rich country’s production. The oilfield resumed production on June 7 after a months-long hiatus which caused billions of dollars in losses.

Libya’s National Oil Corporation said Russian and other foreign mercenaries have entered Sharara Oilfield in a convoy of vehicles and met representatives of the Petroleum Facilities Guard (PFG), forces established to maintain security at the oilfields.

Libya holds Africa’s largest crude reserves, but nine years of conflict and violence since the overthrow of ruler Muammar Gaddafi have hobbled production and exports.

Libya calls for US, EU sanctions on Russian mercenaries, backers https://t.co/OtHtjlh0Y0 pic.twitter.com/DnkOHvSdyz

— Al Jazeera News (@AJENews) June 27, 2020

Source: Aljazeera.com