Current:Home > StocksLibya says production has resumed at its largest oilfield after more than 2-week hiatus -FutureFinance
Libya says production has resumed at its largest oilfield after more than 2-week hiatus
View
Date:2025-04-15 22:16:08
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! (341)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Are bullets on your grocery list? Ammo vending machines debut in grocery stores
- Amazon Prime Day presents opportunities for shoppers, and scammers too
- Kim Kardashian Shares Tip of Finger Broke Off During Accident More Painful Than Childbirth
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Republican effort to hold Attorney General Merrick Garland in inherent contempt of Congress falls short
- The Esports World Cup, with millions at stake, is underway: Schedule, how to watch
- The Esports World Cup, with millions at stake, is underway: Schedule, how to watch
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Nordstrom Anniversary Sale 2024: The Best Beauty Exclusive Deals from La Mer, Oribe, NuFACE & More
Ranking
- Nevada attorney general revives 2020 fake electors case
- Kentucky drug crackdown yields 200 arrests in Operation Summer Heat
- For Nicolas Cage, making a serial killer horror movie was a healing experience
- US appeals court says some NCAA athletes may qualify as employees under federal wage-and-hour laws
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Health alert issued for ready-to-eat meats illegally imported from the Philippines
- Review: Believe the hype about Broadway's gloriously irreverent 'Oh, Mary!'
- Report: UFC's Dana White will give last speech before Trump accepts GOP nomination
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Vermonters pummeled by floods exactly 1 year apart begin another cleanup
Drive a used car? Check your airbag. NHTSA warns against faulty inflators after 3 deaths
Jana Kramer Shares Why She’s Walking Down the Aisle Alone for Allan Russell Wedding
Trump issues order to ban transgender troops from serving openly in the military
Computer hacking charge dropped against Miami OnlyFans model accused of killing her boyfriend
Ariana Grande Announces She's Taking a Step Back From All Things That Are Not Wicked
Owner offers reward after video captures thieves stealing $2 million in baseball cards