Current:Home > StocksLibya says it suspended oil production at largest field after protesters forced its closure -NextFrontier Finance
Libya says it suspended oil production at largest field after protesters forced its closure
View
Date:2025-04-28 00:45:02
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! (1396)
Related
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Colombian serial killer who confessed to murdering more than 190 children dies in hospital
- El Niño is going to continue through spring 2024, forecasters predict
- Taylor Swift Is Cheer Captain at Travis Kelce's Kansas City Chiefs Game
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- China’s inflation data show economy in doldrums despite a slight improvement in trade
- Hamas practiced in plain sight, posting video of mock attack weeks before border breach
- Taking the temperature of the US consumer
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Idaho’s longest-serving death row inmate is scheduled for a November execution by lethal injection
Ranking
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Douglas Clark, convicted murderer and half of the Sunset Strip Killers, dies of natural causes
- Visitors are scrambling to leave Israel and Gaza as the fighting rages
- The approved multistate wind-power transmission line will increase energy capacity for Missouri
- Senate begins final push to expand Social Security benefits for millions of people
- Japan’s government asks a court to revoke the legal religious status of the Unification Church
- AMC CEO Adam Aron shared explicit photos with woman who then tried to blackmail him
- Why do people get ink on Friday the 13th? How the day became lucky for the tattoo industry
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Israel-Gaza conflict stokes tensions as violent incidents arise in the U.S.
Taking the temperature of the US consumer
The family of a 24-year-old killed by Hamas at the Supernova music festival asked for 10 strangers to attend her funeral. Thousands showed up.
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
1 officer convicted, 1 acquitted in death of Elijah McClain
AP Week in Pictures: Latin America and Caribbean
Michael Kosta, Desus Nice, Leslie Jones among new guest hosts for 'The Daily Show'