Libya says production has resumed at its largest oilfield after more than 2-week hiatus - News Summed Up

Libya says production has resumed at its largest oilfield after more than 2-week hiatus


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. Force majeure is a legal maneuver that releases a company from its contractual obligations because of extraordinary circumstances. Barzingi al-Zarrouk, the protesters’ spokesman, announced that they have suspended their protest after they reached agreement with the company. Libya has been in turmoil since a NATO-backed uprising toppled and killed longtime dictator Moammar Gadhafi in 2011.


Source: Libya Today January 21, 2024 14:16 UTC



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