BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)

TRIPOLI: Libya's National Oil Company (NOC) has declared force majeure on operations at the country's largest oilfield, El Sharara, a week after the firm announced a contractual waiver on exports from the field following its seizure by militants.

Exports from the smaller El Feel oilfield were continuing, field engineers said, as workers had maintained its power supply, which is shared with El Sharara. El Sharara closed last week after tribesmen and security guards took it over.

Production from El Sharara, located in the south of the North African OPEC member country, will restart only after "alternative security arrangements are put in place", NOC said in a statement late on Monday.

"Clearly we cannot return to the security situation we were in before the field was shut," NOC Chairman Mustafa Sanalla was quoted as saying in the statement.

The local militia group that seized the 315,000-barrels-per-day (bpd) El Sharara is demanding payments and development funds for the neglected south, NOC said.

El Feel, also located in the south, has not been affected and is pumping around 70,000 bpd, a field engineer said.

Its exports were being routed via the Melittah oil and gas port, which like El Feel belongs to a joint venture NOC has with Italian energy company Eni, another engineer said.

A spokesman for NOC could not be reached for comment.

El Sharara crude is normally routed to the Zawiya port, home also to a refinery. NOC runs the field with Spain's Repsol , France's Total, Austria's OMV and Norway's Equinor, formerly known as Statoil.

Copyright Reuters, 2018
 

 

 

 

Comments

Comments are closed for this article.