Eastern Libyan forces hand El Sharara oilfield to oil guards - Dealers Care

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Wednesday, 20 February 2019

Eastern Libyan forces hand El Sharara oilfield to oil guards

BENGHAZI, Libya (Reuters) - Eastern Libyan forces handed over control of the El Sharara oilfield to an oil security force, officials said on Tuesday, in a bid to encourage state oil firm NOC to restart production that has been halted since December. The field, which had been producing about 315,000 barrels per day (bpd), was closed after a group of state guards and tribesmen seized it, making financial and other demand. NOC declared force majeure, a waiver on its contracts

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