Current:Home > ScamsLibya says production has resumed at its largest oilfield after more than 2-week hiatus -FinanceMind
Libya says production has resumed at its largest oilfield after more than 2-week hiatus
SafeX Pro View
Date:2025-04-10 21:51:05
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! (3267)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Shannen Doherty, ‘Beverly Hills, 90210’ star, dies at 53
- Can a Medicaid plan that requires work succeed? First year of Georgia experiment is not promising
- Stop & Shop will be closing 32 'underperforming' stores in 5 New England states
- 2025 'Doomsday Clock': This is how close we are to self
- All-Star Jalen Brunson takes less money with new contract to bolster New York Knicks
- Here's What the Dance Moms Cast Is Up to Now
- Acclaimed video artist Bill Viola dies at 73, created landmark `Tristan und Isolde’ production
- Grammy nominee Teddy Swims on love, growth and embracing change
- Smoke in cabin after American Airlines flight lands in San Francisco; plane evacuated
Ranking
- Trump wants to turn the clock on daylight saving time
- Jacoby Jones, a star of Baltimore’s most recent Super Bowl title run, has died at age 40
- 2024 Copa America highlights: Luis Suárez heroics help Uruguay seal win over Canada
- Donald Trump appeared to be the target of an assassination attempt. Here’s what to know
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Facebook and Instagram roll back restrictions on Trump ahead of GOP convention
- Prince Harry accepts Pat Tillman service award at ESPYs after Mary Tillman's objections
- Alec Baldwin's involuntary manslaughter case dismissed in Rust shooting
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
After Beryl, Houston-area farmers pull together to face unique challenges
2024 Copa America highlights: Luis Suárez heroics help Uruguay seal win over Canada
Kate, Princess of Wales, is at Wimbledon in a rare public appearance since revealing she has cancer
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
James Sikking, star of ‘Hill Street Blues’ and ‘Doogie Howser, MD,’ dies at 90
Fitness pioneer Richard Simmons dies 1 day after 76th birthday
What’s worse than thieves hacking into your bank account? When they steal your phone number, too