Libya Extinguishes Sharara Pipeline Fire to Restore Output

Libya's National Oil Corporation contained a fire on the Sharara pipeline caused by a valve leak today. Output is set to return to normal levels within 24 hours.

Xurve View
Insights:

The National Oil Corporation (NOC) of Libya announced on Thursday that it has successfully contained a fire on the Sharara crude pipeline. The incident, which was caused by a leak in one of the valves, has been suppressed, and the state-owned corporation expects production to be restored to previous levels within 24 hours.

Production is expected to return to its previous levels within the next 24 hours, provided that the operational plan currently being implemented proceeds as planned.
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.