NOC says damage from latest attacks has degraded output capacity. Though Libya’s 2018 oil revenue hit a 5-year high, prospects for 2019 are rapidly dimming.

 

Libya’s 330,000 b/d-capacity Sharara fields in the country’s remote southwest may remain shut for some time with the country’s National Oil Corporation (NOC) this week reiterating that it will not sanction re-start until local security arrangements have been overhauled.

NOC and its chairman Mustafa...