Libya’s National Oil Corporation (NOC) has lifted force majeure at its 315,000-barrel-per-day Sharara oilfield after “removal of the armed group” responsible for its blockade, which had resulted in a production loss of $1.8 billion, according to the state oil company, writes Iain Esau.
Production was expected to resume on 4 March, with plans also in place to repair 20,000-bpd of lost production capacity caused by looting and vandalism during the blockade.
