AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

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.