Crude production at Libya’s major Sarir field has been halted following an attack by saboteurs on the pipeline linking the field with the port of Marsa el-Hariga in eastern Libya, bringing the country’s remaining onshore oil production almost to a complete standstill. The loss of Sarir output means Libyan production will now likely have fallen below 150,000 b/d and exports from its onshore terminals effectively halted. Production had already fallen to around 350,000 b/d in early 2014 — less than one third of the country’s capacity of around 1.5 million b/d — due to fighting near key oil infrastructure and attacks on fields, terminals and pipelines. Output continues from the offshore El Jurf and Bouri fields, which have been unaffected by the recent unrest across mainland Libya, at an estimated 100,000 b/d. The latest attack near Sarir occurred early Saturday and resulted in a […]