Libya’s National Oil Corporation said it would not pay a “ransom” to have the armed militiamen that shut down the field last week lift their blockade, the company’s chairman said in a statement . NOC’s chairman said if the Libyan Ministry of Finance paid the militants, this would set a dangerous precedent that would endanger Libya’s economic recovery. A day earlier, Mustafa Sanalla said in a letter to the Prime Minister of the UN-recognized government of Libya that if a ransom was paid, NOC would not restart production at Sharara or lift the force majeure on the Zawiya export terminal and refinery, where the crude from Sharara goes. Militants claiming they were members of the Petroleum Facilities Guard seized control of the field at the end of last week and are now demanding payment to release it. This harks back to the days when the PFG held control over […]