Current:Home > reviewsLibya says it suspended oil production at largest field after protesters forced its closure -WealthX
Libya says it suspended oil production at largest field after protesters forced its closure
View
Date:2025-04-17 20:17:36
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! (6138)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 'Crook Manifesto' takes Colson Whitehead's heist hero in search of Jackson 5 tickets
- Chris Pine Finally Addresses That Harry Styles #SpitGate Incident
- Kate Middleton Takes Style Note From Princess Diana With Bold Red Look
- Meta releases AI model to enhance Metaverse experience
- A 'Barbie' v. 'Oppenheimer' Game
- Keke Palmer Gives Birth, Welcomes First Baby With Darius Jackson
- A complex immigrant family story lies beneath the breezy veneer of 'Sunshine Nails'
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Woman traveling with 4 kidnapped Americans in Mexico alerted police when they didn't meet up with her in Texas
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- 'It's not over yet': Artists work to keep Iran's protests in view
- Sister Wives’ Meri Brown Clarifies Her Sexuality
- Malaysia Airlines Flight 370 disappearance: New Netflix series dives into mystery of vanished jet
- Small twin
- Angela Bassett Did the Thing and Shared Her True Thoughts on Ariana DeBose's BAFTAs Rap
- Gisele Bündchen Shares Her Advice for When Life Gets Challenging
- 17 Cute & Affordable Amazon Dresses You Can Dress Up & Down for Spring
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
The Traitors Reunion Teaser Shows the Aftermath of Season 1’s Shocking Finale
Vanderpump Rules' James Kennedy Breaks Down in Tears Over Raquel Leviss Breakup
What's Making Us Happy: A guide to your weekend viewing and listening
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Vanessa Bryant Reaches Nearly $29 Million Settlement With L.A. County Over Kobe Bryant Crash Photos
A complex immigrant family story lies beneath the breezy veneer of 'Sunshine Nails'
'Wait Wait' for July 1, 2023: With Not My Job guest Aleeza Ben Shalom