Tag Archives | Sharara Field

Zawiya Refinery Shut Down, causing Further Losses

The National Oil Corporation (NOC) has confirmed that it was forced to shut down the Zawiya refinery on Saturday, February 8, 2020 as a result of a valve closure in the Hamada region, on the main pipeline between Sharara field and Zawiya refinery, halting production at the field. The refinery shutdown will exacerbate the problem […]

Total to Invest $650m in Waha Field

By John Lee. Tbe National Oil Corporation (NOC) has announced its approval of Total’s acquisition of Marathon Oil Libya Limited (MOLL)'s stake in the Waha concessions, which represents 16.33 percent of the concessions. According to NOC, Total has committed to invest 650 million USD to the development of the Waha concessions and to ramp up […]

NOC, Equinor, Suncor discuss Plans for Production Increases

By John Lee. Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), conducted a series of meetings in London to discuss recent oil and gas sector developments in Libya. Mr. Sanalla met with Mr. Joe Smargiassi, General Manager of Suncor Libya, to examine mechanisms to enhance cooperation. They focused on the activation of a Joint […]

Force Majeure Lifted on Sharara Loading from Zawiya Port

By John Lee. The National Oil Corporation (NOC) has lifted the force majeure on Sharara crude oil loading from Zawiya port (pictured), following the opening of a closed valve on the pipeline connecting the Sharara oilfield to the Zawiya terminal. Valve 13 was reopened on Sunday evening, July 21, 2019, at 8:20 pm. The valve […]

LNA Repels Assault on Sharara Oilfield

By John Lee. Armed gunmen reportedly attacked Libya’s largest oilfield, El-Sharara (pictured), on Monday. The attack was repelled by Gen Haftar’s Libyan National Army (LNA), which is now in control of the oilfield. No casualties were reported. The affiliation of the attackers is unclear. (Sources: Anadolu, Reuters)

$20m Fund to Support Communities near Oilfields

By John Lee. The National Oil Corporation (NOC) and a group of international partners made up of Repsol, OMV, Total, and Equinor, known as the ’Repsol Consortium’, have signed a 20-million USD agreement to support a series of sustainable development projects essential for residents adjacent to sites operated by NOC subsidiary Akakus. The 20-million USD […]

Libya's Oil Output may Hit 6-Year High

By John Lee. Libya’s oil output is on track this month to hit an almost six-year high, according to a report from Bloomberg. Following the resumption of production at the Sharara field, the county's largest, Libya is reported to be pumping 1.17 million barrels of crude a day. More here. (Source: Bloomberg)

NOC lifts Force Majeure at Sharara Oilfield

The National Oil Corporation (NOC) announces the lifting of force majeure at the Sharara oil field following the removal of the armed group responsible for its blockade and production loss of 1.8 billion USD. Sharara operating company Akakus has received written assurance from the Libyan National Army’s Brigadier General Al Rifi Kennah Ahmed Ali, Commander […]