UNSMIL welcomes resuming oil production at Sharara field

oil and gas - October 13, 2020

The UN Support Mission in Libya (UNSMIL) has welcomed the lifting of force majeure on Sharara oil field by the National Oil Corporation.

In a statement on Sunday, the UN mission said the resumption of oil production at Libya’s largest oil field was due to the improved security situation in Sharara following discussions with security actors.

'Ensuring the unimpeded exploitation of Libya’s oil resources and effective management of its oil revenues is a shared national interest.' UNSMIL said.

It added that this decision reflects the constructive atmosphere created in the lead-up to the reconvening by UNSMIL intra-Libyan military and political talks.

The NOC announced lifting force majeure on Sharara oilfield on Sunday following what it described as (Agreement of Honor) with the pro-Haftar Petroleum Facilities Guard.

Operations at the oilfield started by pumping oil from Sharara's main station to Ras Lanuf oil port, as the management of the field reported a targeted output of 350.000 barrels per day.

libyaobserver



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