Current:Home > reviewsLibya says it suspended oil production at largest field after protesters forced its closure -FutureFinance
Libya says it suspended oil production at largest field after protesters forced its closure
View
Date:2025-04-16 04:19:12
CAIRO (AP) — Production at Libya’s largest oil field was suspended Sunday, the country’s state-run oil company said, after protesters forced the facility to close over fuel shortages.
The National Oil Corp. declared force majeure at the Sharara oil field in the country’s south starting Sunday. Force majeure is a legal maneuver that releases a company of its contractual obligations because of extraordinary circumstances.
The company said in a statement that the closure of the field forced the suspension of crude oil supplies to the western Zawiya terminal on the Mediterranean coast.
Libya produces more than 1.2 million barrels of oil per day, and Sharara is the country’s largest field, with a capacity of up to 300,000 barrels per day.
The company said negotiations with the protesters were underway to resume production “as soon as possible.”
Local media reported that residents of the desert town of Ubari, about 950 kilometers (590 miles) south of the capital Tripoli, shut down the field to protest fuel shortages.
The protesters also called for rehabilitating infrastructure and repairing roads in the southwestern region of Fezzan, one of the historic three provinces of Libya. They had 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! (6)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- GHCOIN TRADING CENTER: A Leader in Digital Asset Innovation
- Yelloh, formerly known as Schwan's Home Delivery, permanently closing frozen food deliveries
- When do new 'The Golden Bachelorette' episodes come out? Day, time, cast, where to watch
- This was the average Social Security benefit in 2004, and here's what it is now
- Who's in the disguise? Watch as 7-time Grammy Award winner sings at Vegas karaoke bar
- FAMU postpones upcoming home game against Alabama A&M because of threat of Helene
- Powerball winning numbers for September 23: Did anyone win $208 million jackpot?
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Texas set to execute Travis James Mullis for the murder of his infant son. What to know.
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Man who staked out Trump at Florida golf course charged with attempting an assassination
- David Sedaris is flummoxed by this American anomaly: 'It doesn't make sense to me'
- Whoopi Goldberg asks for 'a little grace' for Janet Jackson after Kamala Harris comments
- The Best Stocking Stuffers Under $25
- Preparing Pennsylvania’s voting machines: What is logic and accuracy testing?
- Major movie theater chains unveil $2.2 billion plan to improve 'cinematic experience'
- The Daily Money: The high cost of campus housing
Recommendation
Intel's stock did something it hasn't done since 2022
Tren de Aragua gang started in Venezuela’s prisons and now spreads fear in the US
Bowl projections: James Madison, Iowa State move into College Football Playoff field
Kyle Chandler in talks to play new 'Green Lantern' in new HBO series, reports say
See you latte: Starbucks plans to cut 30% of its menu
GHCOIN TRADING CENTER: A Leader in Digital Asset Innovation
Derek Hough Shares Family Plans With Miracle Wife Hayley Erbert
What are the pros and cons of temporary jobs? Ask HR