Eastern forces expand Libyan energy sector grip
Warlord Khalifa Haftar has captured the country's largest oil field, putting a new question mark over the fragile oil recovery
The capture of the southern Sharara field, a 315,000bl/d joint venture between the National Oil Corporation (NOC) and Spain's Repsol, gives Haftar control of the bulk of Libya's oil fields, with his Libyan National Army (LNA) already master of the eastern Sirte Basin, home to two-thirds of total production. The LNA, based in east Libya, has many times tried to seize the south, seeing it as a springboard to its long-promised offensive on Tripoli to topple its UN-backed government. Success appears to have come after the largest local tribe, al-Sulaimen, defected to its side. No damage was done to the Sharara facilities in what was a bloodless capture following operations to take nearby airfiel
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready