Weeks of protests at the Spanish-operated Sharara Field, 900 kilometers (560 miles) south of Tripoli, led to production cuts from 250,000 barrels of oil per day to around 100,000 barrels. Libya’s UN-recognised government, which opposes Haftar, described the closure of the oil field as "new attempts at political blackmail" and highlighted that Sharara is an important "economic artery" for Libya. Special Envoy Ambassador Norland: “NOC Chairman Farhat Bengdara and I met to discuss the current production shutdown at Sharara field. Libya’s oil production is its economic lifeline. The Sharara oil field is operated by a joint venture between the NOC and four European companies.

Source: Libya Today August 07, 2024 13:36 UTC