Libya calls force majeur at its Sharara oilfield project

Libya calls force majeure at its Sharara oilfield project

Libya

TRIPOLI, January 8, 2024 – Libya’s National Oil Corporation has declared force majeure at its Sharara oilfield project due to protests, Reuters reported on Sunday.

Protesters halted the project in the previous week demanding public services and social development programmes.

The Sharara project has the capacity to produce 300,000 bopd, which are supplied to the Zawiya terminal.

The development located in the Murzuq basin in southeast Libya is one of Libya’s largest producing fields.

The project is operated by a joint venture between National Oil Company, Equinor, OMV, Repsol and TotalEnergies.

Libya’s oil output was 1.12 million bpd in November 2023, and has remained below its 1.6 million bpd it was producing before the 2011 uprising in the country.