45.1 F
Fort Worth
Thursday, December 3, 2020
Energy Libya's oil company says largest oil field shut down again

Libya’s oil company says largest oil field shut down again

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for October delivery rose 73 cents to $43.35 a barrel Tuesday. Brent crude oil for October delivery...

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 4 cents to $42.93 a barrel Wednesday. Brent crude oil for October delivery...

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 88 cents to settle at $42.89 a barrel Monday. Brent crude oil for...

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery fell 56 cents to settle at $41.04 a barrel Tuesday. Brent crude oil for...


By SAMY MAGDY Associated Press
CAIRO (AP) — A unit affiliated with Libya’s east-based forces that have been trying to capture Tripoli but are now on the retreat, ordered the country’s largest oil field to halt work just hours after it restarted operations, the national oil company said Tuesday.
The development comes after militias allied with the U.N.-government in the Libyan capital, backed by Turkey, gained the upper hand in the fighting last week. The militias retook the capital’s airport, all main entrance and exit points to the city and a string of key towns near Tripoli, forcing rival Libyan forces commanded by Khalifa Hifter to pull out.

Hifter has waged a year-long campaign trying to capture the Libyan capital, with thousands killed in the fighting, including civilians, and tens of thousands displaced.
The National Oil Corporation said Brig. Mohammed Khalifa, the commander of the oil facilities guard force in the country’s south, which answers to Hifter, requested that the operations at the Sharara oil field, about 900 kilometers (560 miles) south of Tripoli, to be halted.

It said it instructed the employees to reject “any military orders” regarding the operating and the maintenance of the field. Two engineers at the field said they already halted operations, and the field was re-closed. They spoke on condition of anonymity because they were not authorized to brief the media.
The Libyan oil company said it has again invoked force majeure, a contract clause that frees a party from liability whenever an extraordinary event or circumstance beyond the party’s control takes place.

On Monday, the Tripoli-allied forces advanced toward the strategic coastal city of Sirte, which has been in Hifter’s hands since last year to open the gateway to oil facilities in Libya’s south.

On Sunday, the oil company had said production was resumed at the Sharara field, following negotiations with the tribes to end its closure, in place since January. Production also resumed on Monday in the al-Feel oil field, it said.
Sharara was to restart at a capacity of 30,000 barrels a day, with an expected return to full capacity, around 290,000 barrels a day, within three months.

Oil, the lifeline of Libya’s economy, has long been a key factor in the civil war, as rival authorities jostle for control of oil fields and state revenue. Libya has the ninth largest known oil reserves in the world and the biggest oil reserves in Africa.
Hifter’s forces have painted their recent defeats as tactical measures to give the U.N.-backed peace process a chance. But the Tripoli-allied militias said Monday they were determined to take Sirte, once a stronghold of the Islamic State group in Libya.

close

Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

close

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Legendary Fort Worth oil man, TCU supporter Dick Lowe dies

Legendary Fort Worth oil man and TCU supporter Richard L. "Dick" Lowe passed away Sunday, Nov. 29. He was 92. Lowe made and lost fortunes...

Members of oil cartel to meet as coronavirus rattles demand

By CATHY BUSSEWITZ AP Business WriterNEW YORK (AP) — Leaders of the OPEC cartel are meeting virtually to decide, once again, how much oil...

New Mexico to require details of water for oil well drilling

ALBUQUERQUE, N.M. (AP) — New Mexico oil and gas operators will be required to report the amount and quality of water used to drill...

Venezuela judge convicts 6 American oil execs, orders prison

By SCOTT SMITH ASSOCIATED PRESSCARACAS, Venezuela (AP) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges...

Fort Worth firm acquired by Abilene-based Petrosmith

Abilene-based Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions LLC, an engineering, procurement...