Libya’s National Oil Corporation announced Sunday the closure of production at a major oil field in the country’s south, declaring a “force majeure”. It added that the field was shut down on Sunday — marking the second closure in a matter of weeks — “making it impossible for the NOC to implement its contractual obligations”. The move underlines the extent of divisions in the war-wracked country as observers fear a renewed descent into violence. The field had already been forced to close temporarily in early March when an armed group shut down valves delivering crude. Oil revenues are vital to the economy of Libya, a country sitting on Africa’s largest known reserves.

Source: Libya Today April 17, 2022 18:10 UTC