Libya's National Oil Corporation declares force majeure at the Sharara oilfield as protests disrupt production, casting a shadow over the country's ambitious oil output targets.
Libya ’s National Oil Corporation NOC has declared force majeure at the Sharara oilfield, after protests halted production at the country’s largest field earlier this week. Considering the current circumstances at Sharara that prevented NOC from carrying out crude oil loading operations, the state oil company of Libya declared force majeure effective August 7, NOC said in a notice. Sharara fully halted oil production on Monday after output was curbed during the weekend due to protests.
The statement said the output reduction at the field was extortion but did not elaborate on the claim. Reuters reported on Saturday that protesters at the field had forced the personnel at the field to begin winding down production, citing two unnamed engineers working at the field.
Oil Production Sharara Oilfield Force Majeure NOC Protests Political Instability Africa Oil Industry Energy News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What is an Atomic Force Microscope?Atomic Force Microscopy (AFM) produces highly detailed nanoscale surface plots. It uses a sharp probe to map surfaces, offering unparalleled resolution and insights into material properties. AFM's various modes and applications span from material engineering to biophysics.
Read more »
Exemption certificate deadline passes as Scotland's XL bully safeguards now in full forceFrom today, it is now a criminal offence to own a XL bully without an exemption certificate or having applied for one.
Read more »
Preston city centre dispersal order in force after Flag Market protestsA police presence in the Flag Market during Saturday afternoon Pic: Carl Stein/Blog Preston Part of Preston city centre has a dispersal order in force follo
Read more »
South Korea to force e-commerce marketplaces to pay vendors fasterPlatforms owe billions after they stopped paying and sent thousands of SMEs into cashflow crunches
Read more »
Those involved in Belfast violence will face full force of the law warn PSNIPolice had fired two plastic baton rounds during rioting in the Sandy Row area of Belfast.
Read more »
Legal AI could force a rethink of the billable hourAdvances in generative artificial intelligence look set to put pressure on the profession’s traditional charging structure
Read more »