Libya’s NOC declares force majeure on El Sharara oilfield

FILE PHOTO: A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo

TRIPOLI/BENGHAZI, Libya (Reuters) – Libya’s state oil company NOC has declared force majeure at the country’s largest oilfield, El Sharara, a week after announcing a contractual waiver on exports from the field following its seizure by protesters. El Sharara, which produces 315,000 barrels per day (bpd) for the OPEC member, was taken over on Dec. […]

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