Monday, October 6, 2025
  • About
  • Advertise
  • Careers
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries
  • Login
No Result
View All Result
Home Business

Al-Sharara: Libya’s Largest Oilfield Resumes Production

Kehinde Giwa by Kehinde Giwa
January 22, 2024
in Business
0
Al-Sharara: Libya’s Largest Oilfield Resumes Production

EL-SHARARA, LIBYA - JUNE 5: A Repsol Oil Operations oil drilling rig pounds into the desert searching through thousands of feet for and oil reserve on June 5, 2004 in El-Sharara, Libya. With the lifting of US sanctions earlier this year, American oil companies, eager to find other avenues for oil exploration have begun negotiating with the Libyan government to return to its vast oil fields. (Photo by Benjamin Lowy/Getty Images)

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Al-Sharara oilfield, responsible for a significant portion of Libya’s daily oil output, has recommenced production, as confirmed by the National Oil Corporation (NOC) on Sunday. 

The NOC announced the end of “force majeure” and the complete restoration of production at Al-Sharara, a key facility typically yielding up to 315,000 barrels per day. 

Related posts

DR Congo and Rwanda Fail to Sign Economic Framework, Deal in Jeopardy

DR Congo and Rwanda Fail to Sign Economic Framework, Deal in Jeopardy

October 3, 2025
Tanzania Central Bank Holds Key Rate Amid Stable Inflation and Robust Economic Growth

Tanzania Central Bank Holds Key Rate Amid Stable Inflation and Robust Economic Growth

October 2, 2025

This development comes two weeks after protests prompted the shutdown, leading the NOC to declare “force majeure” on January 7, attributing it to the site’s closure by demonstrators.

Repeated interruptions in crude production in the war-torn North African country have been caused by social and political protests amid clashes between rival factions.

A local group in Oubari region, “Fezzan Gathering,” announced earlier on Sunday they had reached an agreement with the NOC to end their protest action at Al-Sharara.

“In an agreement with the president of the NOC, in which he vowed to concede to our demands… we announce the suspension of our sit-in at the Al-Sharara field,” a representative of the group said in a Facebook video.

Both the NOC and “Fezzan Gathering” did not share the details of the accord.

According to the protest group, they have received “guarantees” from military strongman Khalifa Haftar, who backs one of Libya’s two rival administrations

Tags: Al-ShararaOilfieldProduction
Previous Post

South Africa Seeks to Stop Auction of Historic Nelson Mandela Artefacts

Next Post

Nigeria: Lagos Implements Ban on Styrofoam and Single-Use Plastics

Next Post
Nigeria: Lagos Implements Ban on Styrofoam and Single-Use Plastics

Nigeria: Lagos Implements Ban on Styrofoam and Single-Use Plastics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Paris 2024: Team Nigeria Secures Olympic Berth in World Relays 4x400m Relay

Paris 2024: Senator Enoh Applauds Team Nigeria’s Triumphs at Bahamas Relays

1 year ago
Botswana Makes History With First-Ever 4x400m World Title

Botswana Makes History With First-Ever 4x400m World Title

2 weeks ago
BREAKING: Liverpool Forward Diogo Jota Dies in Car Accident

BREAKING: Liverpool Forward Diogo Jota Dies in Car Accident

3 months ago
Nigeria’s Inflation Rate Drops to 22.97% in May 2025

Nigeria’s Inflation Rate Drops to 22.97% in May 2025

4 months ago

BROWSE BY CATEGORIES

  • Beautiful Cities
  • Business
  • Culture
  • Discoveries
  • Entertainment
  • Features
  • Info-Data
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Travel
  • Uncategorized
  • Weather

POPULAR NEWS

  • BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Protesters Storm Lagos Assembly with Banners Reading ‘We Don’t Have a Place to Live’

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Popular ‘The New Masquerade Actress’ Ovularia Dies at 81

    0 shares
    Share 0 Tweet 0
  • Nigeria Nominates Olufemi Elias as Candidate For World Court

    0 shares
    Share 0 Tweet 0
  • BREAKING: (VIDEO) INEC Declares APC’s Okpebholo Winner of Edo Governorship Election

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2023 AAN TV - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries

© 2023 AAN TV - All rights reserved.