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Libya's NOC to Gradually Reduce Sharara Oil Field Production due to Protests

A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
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Libya's NOC to Gradually Reduce Sharara Oil Field Production due to Protests

A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)

Libya's National Oil Corporation (NOC) will start to gradually decrease production at the Sharara oil field, it said in a statement on Tuesday, citing force majeure due to protests in the area.

Libya's internationally recognized government condemned on Sunday attempts to shut operations at the Sharara oil field, describing them as "political blackmail", Reuters reported.

The Sharara field, one of Libya's largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target of local protesters for various political reasons.

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Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

Mawani Boosts Saudi Ports with New MSC Himalaya Express Service
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Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

The Saudi Ports Authority (Mawani) has announced the addition of MSC's Himalaya Express shipping service to King Abdulaziz Port in Dammam and Jubail Commercial Port.

This strategic move aims to bolster national exports and elevate the competitiveness of both ports regionally and internationally, SPA reported.

The new service directly links the two ports to 12 key regional and international destinations: Jebel Ali and Abu Dhabi (UAE), Hamad Port (Qatar), Nhava Sheva, Mundra, and Vizhinjam (India), Sines (Portugal), Gioia Tauro and Genoa (Italy), and Valencia, Barcelona, and Malaga (Spain). The service boasts a substantial capacity of up to 14,000 TEUs.

This initiative is part of Mawani's ongoing efforts to enhance the Kingdom's standing in global performance indicators and increase operational efficiency at its ports. It aligns directly with the objectives of the National Transport and Logistics Strategy, which seeks to solidify Saudi Arabia's position as a global logistics hub connecting three continents.