NOC says damage from latest attacks has degraded output capacity. Though Libya’s 2018 oil revenue hit a 5-year high, prospects for 2019 are rapidly dimming.
Libya’s 330,000 b/d-capacity Sharara fields in the country’s remote southwest may remain shut for some time with the country’s National Oil Corporation (NOC) this week reiterating that it will not sanction re-start until local security arrangements have been overhauled.
NOC and its chairman Mustafa Sanalla have repeatedly accused the ‘Petroleum Facilities Guard’, in effect a rag-tag grouping of ex-militiamen, of colluding in such attacks. “There are around 1,500 security personnel, mandated and tasked with the protection of Libya’s largest oil field, and yet these incidents continue to occur; basic responsibilities are not being fulfilled,” Mr Sanalla says.
Mr Sanalla this week repeated his call for the “immediate restructuring” of the PFG at the Sharara field...