London—Libyan oil production slumps as Elephant field shut in Libyan oil production, after having hit a recent high of 1 million b/d at the end of October, is now running at only a little over half that following the closure of two of its biggest fields—the neighboring Sharara and Elephant (El Feel). The western export terminals of Zawiya and Mellitah also are said to be experiencing loading delays because of the closure of the fields, which feed crude to the ports. The 340,000 b/d capacity Sharara field, which was closed Wednesday after a security incident, had been producing close to 300,000 b/d, while the 130,000 b/d Elephant field was shut in because its shares a power supply with Sharara.
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