Force majeure declared on Sharara field

Aug 6, 2024 | Libyan actors

At midday on 6 August, the National Oil Corporation (NOC) announced ‘the start of a partial reduction in production from the Sharara field due to force majeure conditions resulting from the sitins of the Fezzan Movement Coalition’. The NOC called on the concerned parties to take into account the national interest and support the NOC’s efforts aimed at stabilizing and increasing production.

On 7 August, the NOC formally declared force majeure on Sharara crude oil, affecting crude oil production from the field as well as crude exports from Zawiyya port. The statement noted that the Force Majeure is not applicable to loading and unloading petroleum products.