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Pay row risks exports from Libya's biggest oil field

From argusmedia.com

Security forces have threatened to disrupt crude exports from Libya's largest oil field within two weeks if their pay demands are not met. A branch of the Petroleum Facilities Guard (PFG) posted at the 300,000 b/d El Sharara field issued the ultimatum yesterday after claiming that their field allowance compensation, which usually tops up wages, has been interrupted. It is not uncommon for Libyan oil workers to threaten field and port operations during pay disputes. Although state-owned oil firm NOC and the finance ministry have often settled these in the past, a row over pay did result in the Marsa el-Hariga terminal ... (full story)

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  • Category: Fundamental Analysis