Libya's LNA Sends Troops South
18 Jan, 2019
Geopolitical Risk
Libya: Sharara Restart Prospects Dim As NOC Demands Overhaul Of Oil Field Security
04 Jan 2019
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...
Libya Crude Output ('000 B/D)