Current:Home > InvestLibya says production has resumed at its largest oilfield after more than 2-week hiatus -TradeWisdom
Libya says production has resumed at its largest oilfield after more than 2-week hiatus
View
Date:2025-04-26 12:57:10
CAIRO (AP) — Libya’s state-owned oil company resumed production at the country’s largest oilfield Sunday, ending a more than two-week hiatus after protesters blocked the facility over fuel shortages.
The National Oil Corp. said in a terse statement that it lifted the force majeure at the Sharara oil field in the country’s south and resumed full production. It didn’t provide further details. Force majeure is a legal maneuver that releases a company from its contractual obligations because of extraordinary circumstances.
The company had activated the maneuver on Jan. 7 after protesters from the desert town of Ubari, about 950 kilometers (590 miles) south of the capital, Tripoli, shut down the field to protest fuel shortages.
Over the past two weeks the company’s chief, Farhat Bengdara, and military officials from eastern Libya have been negotiating with the protest leaders, Fezzan Group.
Barzingi al-Zarrouk, the protesters’ spokesman, announced that they have suspended their protest after they reached agreement with the company.
He said the agreement was brokered by the self-styled Libyan National Army, which is commanded by powerful military general Khalifa Hifter. Hifter’s forces control Libya’s east and much of the south.
The protesters have reportedly called for rehabilitating infrastructure and repairing roads in the southwestern region of Fezzan, one of the historic three provinces of Libya. They previously closed the field for two days in July.
Libya’s light crude has long featured in the country’s yearslong civil conflict, with rival militias and foreign powers jostling for control of Africa’s largest oil reserves.
Libya has been in turmoil since a NATO-backed uprising toppled and killed longtime dictator Moammar Gadhafi in 2011. The North African nation has for most of the past decade been split between rival administrations in the east and the west, each backed by militias and foreign governments.
veryGood! (54)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Charles McGonigal, ex-FBI official, sentenced to 50 months for working with Russian oligarch
- Liberian-flagged cargo ship hit by projectile from rebel-controlled Yemen, set ablaze, official says
- Coca-Cola recalled 2,000 Diet Coke, Sprite, Fanta cases due to possible contamination
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Former Turkish soccer team president gets permanent ban for punching referee
- 'Wonka' is a candy-coated prequel
- Rocket Lab plans to launch a Japanese satellite from the space company’s complex in New Zealand
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- NFL standout is a part-time 'gifted musician': How Eagles' Jordan Mailata honed his voice
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Andre Braugher died from lung cancer, rep for ‘Brooklyn Nine-Nine’ and ‘Homicide’ star says
- College football bowl game rankings: The 41 postseason matchups from best to worst
- Moving South, Black Americans Are Weathering Climate Change
- Senate begins final push to expand Social Security benefits for millions of people
- The Supreme Court refuses to block an Illinois law banning some high-power semiautomatic weapons
- Georgia high school baseball player dies a month after being hit in the head by a bat
- Vodka, doughnuts and a side of fries: DoorDash releases our favorite orders of 2023
Recommendation
The Best Stocking Stuffers Under $25
South Carolina’s 76-year-old governor McMaster to undergo procedure to fix minor irregular heartbeat
You can watch 'A Charlie Brown Christmas' for free this weekend. Here's how to stream it.
Brazil’s Congress overrides president’s veto to reinstate legislation threatening Indigenous rights
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Woman, 3 children found dead in burning Indiana home had been shot, authorities say
Catholics in Sacramento and worldwide celebrate Day of the Virgin of Guadalupe
Where to watch 'Frosty the Snowman' before Christmas: TV, streaming options in 2023