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  • 12-10-20

    Libya: Oil sector removes force majeure on its largest oilfield

    (MENAFN) Libya"s National Oil Corporation (NOC) has declared it is stopping force majeure on the Sharara oilfield, the nation"s biggest deposit, noting another turning point for the rebound of the country"s oil manufacture.

    In a report shared on Sunday, October 11, the NOC stated that it has informed the operator of the southwestern oilfield, Acacus, to start production procedures, while following public safety and process safety policies.

    The corporation which runs Libya"s energy sector stated that the move follows a deal with the Petroleum Facilities Guard. According to the NOC, the group vowed to make sure that there would be no "security breaches."

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