Libya’s NOC declares force majeure at Sharara oilfield

Libya’s National Oil Corporation (NOC) on Sunday declared a force majeure with immediate effect at its Sharara oilfield, which can produce up to 300,000 barrels per day, due to protests in the area.

Report informs via Reuters that NOC said the Sharara closure has suspended crude oil supplies from the field to Zawiya terminal.

The Sharara field, one of Libya’s largest, has been a frequent target for local and broader political protests.

The field is located in the Murzuq basin in southeast Libya. It is run by state oil firm NOC via the Acacus company, with Spain’s Repsol (REP.MC), France’s Total (TTEF.PA), Austria’s OMV (OMVV.VI), and Norway’s Equinor (EQNR.OL).

Negotiations are ongoing to resume production as soon as possible, NOC said.

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