NOC declares force majeure on Sharara oil field

NOC declares force majeure on Sharara oil field

The National Oil Corporation (NOC) on Monday declared force majeure on another oilfield affected by recent forcible shutdowns by protestors who oppose outgoing prime minister Abdul Hamid Dbeibeh.

Production at Al-Sharara, the largest oilfield in Libya, was disrupted by protestors yesterday who demand that Dbeibeh leave office and concede to hand over power to his parliament-designated successor Fathi Bashagha.

In a statement, NOC said the protestors “put pressure on workers in the Al-Sharara oil field, which forced them to gradually shut down production and made it impossible for the NOC to implement its contractual obligations.”

NOC described the shutdown of Al-Sharara as an “absurd move that marked the new title of the conflict in the country”.