Tripoli
The state-owned National Oil Corporation (NOC) of the UN-backed Libyan government has lifted the state of force majeure on Sharara oilfield, the country’s largest oilfield. “The National Oil Corporation announces that it has reached an honorary agreement, according to which the Petroleum Facilities Guard is obligated to end all obstacles facing the Sharara field, and ensure that there are no security breaches and that the NOC can lift the state of force majeure and resume production in the Sharara oilfield,” the NOC said in a statement. “Accordingly, the National Oil Corporation announces lifting of the state of force majeure as of Sunday. Indeed, instructions have been given to the operator, Akakus Company, to initiate production arrangements.— Xinhua
