Libya's National Oil Corporation has announced that crude oil production will resume at two of its major fields, where operations stopped in August amid ongoing tensions between the country's dueling authorities.
CAIRO — Libya ’s state-run oil company said Thursday it was restarting full oil production, almost two months after shutting down operations in two of its major fields amid a political crisis.
The National Oil Corporation said in a statement that it would resume production at the Sharara and El-Feel oil fields, and export shipments from Es Sider, the country’s largest port. In August, the company declared “force majeure,” a legal maneuver that lets a company get out of its contracts because of extraordinary circumstances.
“As part of continuing review of the force majeure situation, we have recently received a formal security assessment concerning Sharara, El-Feel and Essider, which confirms that NOC can resume the operations of crude oil production and exporting operations to its customers,” the statement read.on the Fezzan Movement, a local protest group.
Most recently, the divided country has been thrown again into crisis by a dispute over the governance of its Central Bank. In August, the U.N. warned that the country was poised to face evenBehind the loudest issues, the UN is a world stage for disputes that are often out of the spotlightSharara is the country’s largest field
The oil-rich country has been in political turmoil since a NATO-backed uprising toppled and killed longtime dictator Moammar Gadhafi in 2011. Since then, Libya has been split between rival administrations in the east and the west, each backed by militias and foreign governments.
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