Libya's NOC declares force majeure at key Sharara oilfield after valve closure

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Libya's NOC declares force majeure at key Sharara oilfield after valve closure
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Libya's state oil company National Oil Corporation (NOC) declared force maj...

A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File Photo

The strategic oilfield has been the target of numerous shutdowns by both protesters and armed groups in recent years. The shutdown caused a loss of about 290,000 barrels per day of production worth an estimated $19 million, it said.

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