Libya’s NOC reopens Sharara oilfield

Libya’s National Oil Corporation in Tripoli.[Photo: Archive]
Libya’s National Oil Corporation says production is to resume within hours at the southwestern Sharara oil field after control was retaken from an armed group last month.

The militia’s blockade had cost the state oil company around $1.8 billion in lost production.

NOC chairman Mustafa Sanallah said on Tuesday that force majeure was lifted and that authorities “received assurances that site security has been restored” to control by local oil security forces. The NOC moved to reopen the facility late Monday.

Forces led by Khalifa Haftar, who is based in the country’s east, captured the oil field from an armed militia in February.

Haftar’s forces later withdrew.

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