Free Republic

The closure of Libya's El Feel and Sharara oilfields resulted in the loss of 330,000 barrels per day (bpd), and over 160 million dinars ($34.69 million) on a daily basis, the National Oil Corporation (NOC) said on Sunday. Last week, two oil engineers at Libya's main Sharara field said operations had been paused after a pipeline valve was shut down, without giving further details. NOC head Mustafa Sanallah said in a statement on Facebook that shutting down pipeline valves enforced the corporation to declare force majeure on oilfields. The country's oil output has been halted repeatedly during periods of political...