Libya's Sharara oil field, the country's largest, has been shut down by protesters from the southern Ubari region amid anger over high fuel prices and a lack of economic opportunity, sources said Jan. 3. Register NowProtests at the field, which were entering their third day, initially prompted workers at Sharara to shut some wells before the 300,000 b/d field was taken completely offline. Fuel prices in southern Libya have skyrocketed in recent months, sources said. The onshore Sharara field -- once thought to contain Africa's largest proven oil reserves -- has been a frequent target for protesters and armed groups since the fall of Muammar Gaddafi in 2011. A security source told S&P Global the Sharara shut down was caused by "local grievances" rather than any LNA involvement, adding: "Protesters do not represent a major threat."

Protests forced a full shutdown of production at OPEC member Libya's 300,000 barrel per day (bpd) Sharara oilfield. Oil prices also climbed due to continued attacks on vessels in the Red Sea by Houthi fighters. The Organization of the Petroleum Exporting Countries (OPEC) said cooperation and dialogue within the wider OPEC+ oil producer alliance will continue, after OPEC member Angola last month announced it would leave the group. UPCOMING U.S. REPORTSLooking ahead, the energy market is waiting for key U.S. interest rate and oil inventory data over the next couple of days. Analysts forecast U.S. energy firms pulled about 3.0 million barrels of oil from storage during the week ended Dec. 29.

Local protests have forced a full shutdown of production at Libya’s Sharara oil field, which can produce up to 300,000 barrels per day, two engineers told Reuters on Wednesday. A video circulating on the internet showed a number of local protesters from Fezzan region in southern Libya announcing the closure of the Sharara field until their demands are met. Libya’s National Oil Company (NOC) did not immediately respond to a request for comment. An engineer had earlier told Reuters a partial reduction in production had taken place and said that protesters were in front of the gate of the oil field. Libya’s oil output has been disrupted repeatedly in the chaotic decade since the 2011 NATO-backed uprising against Muammar Gaddafi.

(Bloomberg) -- Libya’s largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations. The field was pumping roughly 270,000 barrels a day on Tuesday before the protests began. Continuing agitation will result in “a tumbling of exports, in addition to shaking the confidence of foreign partners and impeding efforts to stabilize production,” according to the NOC letter. OPEC member Libya kept production stable at around 1.2 million barrels a day for most of the last year. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.

Of course we have all known that Khalifa Haftar pushed Belgassim, his brothers and other family members to take the lead on the reconstruction of the troubled region. The publication noted the fancy expressions from Belgassim Haftar, who spoke of the need for quality constructions and such. Good and all, but putting the Haftar family in charge is an affront for the Libya people and a sign that Libya is on the wrong track. Belgassim is not the only one in the Haftar family being propelled by the father. It is therefore crucial for the future of Libya to ensure that cronyism and nepotism do not take place, otherwise, as the French used to say: “Le roi est mort, vive le roi” (the king is dead, long live the king).

FILE PHOTO: Pump jacks of Wintershall DEA are pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer/File PhotoLCO +2.75% Add to/Remove from Watchlist CL +2.94% Add to/Remove from WatchlistBy Natalie Grover and Noah Browning(Reuters) -Oil prices rose more than a $1 a barrel on Wednesday after reports of a disruption to Libya's top oilfield added to supply concerns emanating from tensions in the Red Sea. Protests have forced a partial reduction in output at Libya's 300,000 barrel per day (bpd) Sharara oilfield, two engineers told Reuters. Oil prices had climbed around $2 earlier this week after attacks on vessels in the Red Sea by Houthi fighters. Meanwhile, expectations of ample oil supply in the first half of 2024 have contained prices ahead of OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February.

Adds quotes, backgroundJan 3 (Reuters) - Local protests have forced a reduction in output at Libya's Sharara oilfield, which can produce up to 300,000 barrels per day, two engineers told Reuters on Wednesday. A video circulating on the internet showed a number of local protesters from Fezzan region in southern Libya announcing the closure of the Sharara field until their demands are met. "We have started a partial reduction in the production," one of the engineers said, confirming that protesters were "in front of the field gate". The Sharara field, one of Libya's largest, has been a frequent target for local and broader political protests. Libya's oil output has been disrupted repeatedly in the chaotic decade since the 2011 NATO-backed uprising against Muammar Gaddafi.

(Bloomberg) -- Oil extended gains as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market. Most Read from BloombergWest Texas Intermediate rose more than 3% to trade above $72 on Wednesday. Further heightening tensions, Iran suffered two blasts that killed more than 100 people. Higher output from outside of the producer group has so far countered its efforts to tighten the market — but extended curbs take effect this week. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.

(Bloomberg) -- Oil climbed as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market. Most Read from BloombergWest Texas Intermediate rose 3.3% to settle near $73 on Wednesday amid the myriad of bullish developments. Further heightening tensions, Iran suffered two blasts that killed more than 100 people. “Nobody wants to be short crude below $70 when there is unrest in the Middle East,” said Dennis Kissler, senior vice president at BOK Financial. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.

EUBAM Libya's new Head of Mission assumes officeTripoli, Libya – January 2, 2024 – The European Union Border Assistance Mission in Libya (EUBAM Libya) today welcomes Mr. Jan Vyčítal as its new Head of Mission. “I am honored to take on this important role,” said Mr. Vyčítal. The mission contributes to enhancing the capacity of the relevant Libyan authorities and agencies in the management of Libya’s borders; fighting cross-border crime, including human trafficking and migrant smuggling; and countering terrorism. In carrying out its tasks, EUBAM Libya provides technical advice, and capacity-building activities at the operational and technical levels, including projects and specialized training. Furthermore, the mission provides strategic advice where requested by the Libyan authorities.

After false rumors of the closure of the giant Libyan Sharara oil field on Tuesday, a letter from Libya’s National Oil Company on Wednesday confirms the shutdown of one of Libya’s most important oil fields. According to Libya’s Al-Ahrar disgruntled protestors took to the field on Wednesday morning stating that the field would not be re-opened until their demands and those of the entire region of Fezzan in Southern Libya would be met. Fears are that the protests may spread to the nearby 60,000 bpd El Feel field. The 300,000 bpd Sharara field saw a short disruption for the last time in July of 2023 when protests erupted following the arrest of an official who tried to become the boss of Libya’s central bank. During a period of relative stability following the truce between the rivaling parties in 2020, Libya’s crude oil production has risen to around 1.2 million barrels per day, and Libya’s state oil firm has plans to ramp up production to 2 million bpd by 2030 according to Minister of Oil and Gas Mohamed Oun.

Germany expressed its eagerness to enhance cooperation with Libya during a recent meeting in Tripoli between German Chargé d’Affaires at the Germany Embassy in Libya, Sven Krauspe, and Libya’s Minister of Economy and Trade, Mohammed Al-Huweij. Targeting economic diversification, Krauspe highlighted the commitment of German institutions to partner on renewable energy and water resource projects; complete contracted projects; foster private sector participation; and enhance Libya’s revenues through the rollout of non-oil initiatives. Meanwhile, Minister Al-Huweij urged collaboration between Libya’s Department of Trade and International Cooperation and the Commercial Department of the German Embassy in facilitating investment meetings and partnerships between German and Libyan companies and institutions, such as the General Union of Chambers of Commerce, Industry and Agriculture, as well as the Business Owners Council. The Minister also showcased Libya’s economic diversification strategy and willingness to bolster trade cooperation with European countries.

The Turkish e-Visa, also known as the online Turkey visa, serves as an official document granting entry to foreigners into Turkey. Solomon Islanders must obtain a visa to enter Turkey because their country is not exempt from the country's visa restrictions. TURKEY VISA FROM SENEGALVisitors to Turkey can travel through time by visiting historical sites, works of art inspired by heroic epics, and other locations. TURKEY VISA REQUIREMENTS FOR MAURITIUS CITIZENSA valid passport with an expiration date of at least 6 months from the date you intend to enter Turkey. Media ContactCompany Name: TURKEY Visa OfficialContact Person: MUKESH SHARMA MelisaEmail: Send EmailPhone: +880 31-652225Address:2293/A Zakir Hossain Rd, ChattogramCountry: BangladeshWebsite: www.turkeyonline-visa.com/visa/

TURKEY VISA FROM YEMENAs previously stated, Yemeni passport holders require a visa to enter Turkey. Turkey Visa for US CitizensTraveling to Turkey to enjoy the fantastic cuisine, incredible historical structures, and rich culture is extremely popular among Americans. TURKEY VISA FROM LIBYAVisitors must obtain a visit visa before entering Libya because it is not on the list of visa-exempt nations. The Turkish e-Visa, commonly known as the online Turkey visa, is a document that grants foreign travelers permission to enter Turkey. The Turkish e-Visa, also known as the online Turkey visa, serves as a travel document, replacing the previous "sticker visa."

(MENAFN- Kuwait News Agency (KUNA)) CAIRO, Jan 2 (KUNA) - Libya and Egypt's National Basketball teams have successfully qualified to the final stage of the 2023 Arab Basketball Championship currently held in Cairo. Earlier today the semifinals were held between Libya and Tunisia ending with a 70-64 score, in twine with Egypt and the UAE which timed at 114-78. The final stage matches will be held Wednesday, the 3rd of January, where Tunisia will meet the UAE for the third place stand-off, while reigning champions Egypt will be heading Libya in the final match hoping for a 13th title win. (end)affMENAFN02012024000071011013ID1107678499