CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID BIN MUBARAK AL-SHAFI

Business / Middle East Business

Libya’s chaos hits oilfields, output threatened

Published: 11 Nov 2014 - 07:49 am | Last Updated: 19 Jan 2022 - 04:28 pm

TUNIS/BENGHAZI: Libya’s escalating political struggles threatened to derail the recovery in the country’s oil sector, as a commander in charge of security at its biggest field said forces loyal to a rival government in Tripoli had forced out his men.
The National Oil Corp, based in Tripoli, said the El Sharara field would reopen tomorrow, but the growing chaos in the country has cast doubt on Libya’s ability to maintain its recent  output rebound, as rival groups grapple for control.
Tripoli’s involvement, if confirmed, could threaten an oil sector that so far had largely weathered Libya’s most recent political turmoil, in which an armed group took control of the capital, installing its own government and parliament and forcing the internationally-recognised government to the east.
“The manager of the field insists reopening the field just because he wants to make good relations with the invaders,”  said commander Abdulhamid Kraeer, who belongs to a brigade from Zintan allied to the government in the east and opposed to the Tripoli rulers. Reuters