Libya An armed group has seized one of Libya’s largest oilfields in the country’s southwest, the state-owned National Oil Corporation said Monday. The seizure of Sharara oilfield prompted the company to declare “force majeure” on exports from the site. “National Oil Corporation (NOC) hereby declares a state of force majeure at the Akakus-operated Sharara oil field as of Sunday,” the company said in an online statement. Akakus is a joint venture between NOC, Spain’s Repsol energy company, France’s Total, Austria’s OMV and Norway’s Statoil. It produces some 315,000 barrels per day, out of Libya’s current output of one million bpd. The field’s shutdown risks production at neighbouring oil facilities including al-Feel oilfield, which relies on Sharara for electricity, and al-Zawiya […]