Current:Home > StocksLibya says production has resumed at its largest oilfield after more than 2-week hiatus -AlphaFinance Experts
Libya says production has resumed at its largest oilfield after more than 2-week hiatus
View
Date:2025-04-18 10:32:20
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! (9)
Related
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Federal hiring is about to get the Trump treatment
- USA women's basketball live updates at Olympics: Start time vs Nigeria, how to watch
- This was the average Social Security benefit in 2004, and here's what it is now
- Trump's 'stop
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- All That You Wanted to Know About She’s All That
- Why members of two of EPA's influential science advisory committees were let go
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Bodycam footage shows high
- 2 killed, 3 injured in shooting at makeshift club in Houston
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Recommendation
Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
Federal hiring is about to get the Trump treatment
Why members of two of EPA's influential science advisory committees were let go
Louvre will undergo expansion and restoration project, Macron says
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
This was the average Social Security benefit in 2004, and here's what it is now