Libyan oil fields and terminals have enjoyed a relatively disruption-free 12 months, making last year's crude exports the second-highest since the civil war in 2011. But the political instability that has plagued the oil sector since the overthrow of Muammar Gadaffi over a decade ago has not dissipated and is already threatening to erode exports at the start of 2024. The 300,000 b/d El Sharara field, the largest in Libya, has been shut down because of protests, a source tells Argus, the latest in a series of politically motivated closures over the past decade. The shutdown could weigh on January Esharara exports from the Zawia terminal.
Libya crude exports
