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On the sidelines of the visit to Algeria by the President of the Spanish Government, Mr. Toufik HAKKAR, CEO of SONATRACH, today met in Algiers his counterpart Mr. Francisco REYNES, CEO of the Spanish company NATURGY , following the signing of the amendments to the gas sales contracts binding the two companies.
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The National Oil Corporation (NOC) declares that it has reached an – honor agreement- under which the Petroleum Facilities Guards (PFGs) abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that enables the National Oil Corporation to lift the force majeure status and resume production in Al Sharara Oil Field.Therefore, the National Oil Corporation hereby announces lifting the Force Majeure status as of Sunday 11 October 2020 and instructions have already been given to Akakus Oil Operations (AOO), the Operator, to start production arrangements subject to the standards of general security and safety precautions and the safety of the operations.
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The National Oil Corporation (NOC)’s Chairman of the Board Eng. Mustafa Sanalla received His Excellency the Ambassador and Head of the European Union Mission to Libya and Their Excellency Ambassadors of European Union States (Italy, Denmark, Sweden, Austria, Belgium, Spain, Norway, Finland, Poland Netherlands and Hungary) on Saturday 10 October 2020 at NOC headquarters (Sareer Hall) in Tripoli.