(Al Jazeera, 17.Apr.2022) — Libya’s National Oil Corporation (NOC) has announced the suspension of production at a major oil field in the country’s south, declaring a “force majeure” 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 Libya’s Oil Revival From War
(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s 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 […]