Libya’s NOC discusses Sharara oil field crisis with Repsol

A general view of the El-Sharara oilfield, Libya December 3, 2014. (Reuters)
Updated 09 February 2019

Libya’s NOC discusses Sharara oil field crisis with Repsol

  • Oil production in Libya has been disrupted since the armed uprising that toppled Muammar Qaddafi in 2011.
  • Protesters and tribesmen halted production at the Repsol-operated field

DUBAI: Libya’s state-run National Oil Corp. said on Saturday that its Chairman Mustafa Sanalla had discussed a crisis at the Sharara oil field with Repsol executives in Tripoli.
“Both parties called for a cessation of hostilities and armed conflict in and around the facility, essential to resume production operations,” it said of Thursday’s talks.
The North African nation’s biggest field is a focus of the conflict between the Tripoli-based internationally recognized government and a rival administration based in eastern Libya.
Protesters and tribesmen halted production at the Repsol-operated field, located in southern Libya, in December. The eastern-based government dispatched a force to seize the field on Wednesday.
Oil production in Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC), has been disrupted since the armed uprising that toppled Muammar Qaddafi in 2011.


US President Trump does not want to do business with China’s Huawei

Updated 19 August 2019

US President Trump does not want to do business with China’s Huawei

  • US Commerce Department expected to extend a reprieve that permits Huawei to buy supplies from US companies to service its customers

WASHINGTON: US President Donald Trump on Sunday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a grace period for the company.
Reuters and other media outlets reported on Friday that the US Commerce Department is expected to extend a reprieve given to Huawei Technologies Co. Ltd. that permits the Chinese firm to buy supplies from US companies so that it can service existing customers.
The “temporary general license” will be extended for Huawei for 90 days, Reuters reported, citing two sources familiar with the situation.
On Sunday, Trump told reporters before boarding Air Force One in New Jersey that he did not want to do business with Huawei for national security reasons.
He said there were small parts of Huawei’s business that could be exempted from a broader ban, but that it would be “very complicated.” He did not say whether his administration would extend the “temporary general license.”
Speaking earlier on Sunday, National Economic Council director Larry Kudlow said the Commerce department would extend the Huawei licensing process for three months as a gesture of “good faith” amid broader trade negotiations with China.
“We’re giving a break to our own companies for three months,” Kudlow said on NBC’s “Meet the Press.”