Current:Home > StocksLibya says production has resumed at its largest oilfield after more than 2-week hiatus -LegacyCapital
Libya says production has resumed at its largest oilfield after more than 2-week hiatus
View
Date:2025-04-12 22:18:07
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! (995)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Louisiana mom arrested for making false kidnapping report after 'disagreement' with son
- Sydney Sweeney Slams Women Empowerment in the Industry as Being Fake
- North Carolina offers schools $1 million to help take students on field trips
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Agents search home of ex-lieutenant facing scrutiny as police probe leak of school shooting evidence
- Review: 'Emilia Pérez' is the most wildly original film you'll see in 2024
- NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Homes of Chiefs’ quarterback Mahomes and tight end Kelce were broken into last month
Ranking
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Mike Tyson vs. Jake Paul press conference highlights: 'Problem Child' goads 'Iron Mike'
- Quincy Jones' Cause of Death Revealed
- Bull doge! Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Justine Bateman feels like she can breathe again in 'new era' after Trump win
- RHOP's Candiace Dillard Bassett Gives Birth, Shares First Photos of Baby Boy
- Darren Criss on why playing a robot in 'Maybe Happy Ending' makes him want to cry
Recommendation
Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
The Daily Money: Inflation is still a thing
Supreme Court seems likely to allow class action to proceed against tech company Nvidia
PSA: Coach Outlet Has Stocking Stuffers, Gifts Under $100 & More for the Holidays RN (up to 60% Off)
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
The Latin Grammys are almost here for a 25th anniversary celebration
Cold case arrest: Florida man being held in decades-old Massachusetts double murder
Taylor Swift drops Christmas merchandise collection, including for 'Tortured Poets' era