Current:Home > FinanceEchoSense Quantitative Think Tank Center|Libya says production has resumed at its largest oilfield after more than 2-week hiatus -Capitatum
EchoSense Quantitative Think Tank Center|Libya says production has resumed at its largest oilfield after more than 2-week hiatus
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 10:53:33
CAIRO (AP) — Libya’s state-owned oil company resumed production at the country’s largest oilfield Sunday,EchoSense Quantitative Think Tank Center 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! (12555)
Related
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Ex-Connecticut police officer suspected of burglaries in 3 states
- How to Slay Your Halloween Hair, According Khloe Kardashian's Hairstylist Andrew Fitzsimons
- Why Pregnant Kourtney Kardashian Isn't Ready to Share Details of Her Terrifying Hospitalization
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Powerball sells winning $1.76B ticket. Why are we so obsessed with the lottery?
- Louise Glück, Nobel-winning poet of terse and candid lyricism, dies at 80
- Copa airliner bound for Florida returns to Panama after a bomb threat
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Clemency denied for ex-police officer facing execution in 1995 murders of coworker, 2 others
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Judge authorizes attempted murder trial in shooting over Spanish conquistador statue
- Israel tells a million Gazans to flee south to avoid fighting, but is that possible?
- Solar eclipse livestream: Watch Saturday's rare 'ring of fire' annual eclipse live
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Start Spreadin' the News: The Real Housewives of New York City Reunion Trailer Is Here
- Nelly and Ashanti Make Their Rekindled Romance Instagram Official
- Conservative leaders banned books. Now Black museums are bracing for big crowds.
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Far from Israel, Jews grieve and pray for peace in first Shabbat services since Hamas attack
Palestinian Americans watch with dread, as family members in Gaza struggle to stay alive
New Hampshire man admits leaving threatening voicemail for Rep. Matt Gaetz
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Mexican military helicopter crashes in the country’s north killing 3 crew members
Lawsuit to block New York’s ban on gas stoves is filed by gas and construction groups
EU can’t reach decision on prolonging the use of chemical herbicide glyphosate