(Al Jazeera, 17.Apr.2022) â Libyaâs National Oil Corporation (NOC) has announced the suspension of production at a major oil field in the countryâs south, declaring a âforce majeureâ due to a protest at the site. Located some 750km (466 miles) southwest of Tripoli, the Al-Fil field is jointly managed by […]
Tag: National Oil Corporation
Leaky Pipes Threaten Libyaâs Oil Revival From War
(Bloomberg, 24.Jun.2020) â Libyaâs oil industry is crumbling after more than nine years of neglected maintenance amid a civil war thatâs killed thousands and destroyed towns across the country. The lack of basic, nuts-and-bolts servicing has left pipelines corroding and storage tanks collapsing. Remedial work at wells alone could cost […]