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Libya's National Oil against paying 'ransom' to reopen El Sharara field

Gasoil News - Published on Mon, 17 Dec 2018

Image Source: Arab News
Reuters quoted Libya's state-owned National Oil Corp as saying that it was against paying a ransom to an armed group that halted crude production at El Sharara, the North African country's largest oilfield. NOC Chairman Mr Mustafa Sanalla said in a statement on the company's "Any attempt to pay a ransom to the armed militia which shut down El Sharara would set a dangerous precedent that would threaten the recovery of the Libyan economy."

NOC recently, declared force majeure on exports from the 315,000-barrels-per-day oilfield located in the south of the country. The field was seized at the weekend by a local militia group.

Source :

Posted By : Nanda Koijam on Mon, 17 Dec 2018
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