(2 minutes read)
Two oil fields in Libya closed due to social protests, causing the daily loss of hundreds of thousands of barrels of oil that otherwise would have been mined out from the Northern African country. Protesters were demanding the creation of social infrastructure like hospitals, refineries, and employment the young Libyans in the oil sector
Two oil fields in Libya closed due to social protests, causing the daily loss of hundreds of thousands of barrels of oil that otherwise would have been mined out from the Northern African country. Protesters were demanding the creation of social infrastructure like hospitals, refineries, and employment for the young Libyans in the oil sector
The closure of two oil fields in the Ubari region -harara and El-Feel has led to colossal losses. Sharara oilfield produces up to 300,000 barrels per day. It was shut down for the first time recently. The El-Feel field was closed later, according to sources. The protesters were demanding the setting up of a dedicated refinery in Fezzan to alleviate the chronic shortages of gas and petrol. This demand, protesters, say, is their genuine demand.
Read Also:
https://trendsnafrica.com/libyas-stock-market-reopens-after-nine-yearsnorthern-africa/
https://trendsnafrica.com/libya-to-deport-immigrants-from-niger-and-chad/
The two parallel governments earlier decided that oil production should not be included in the political slugfest. But willy-nilly such issues are getting cropped up because political division between the two governments is obvious. The Tripoli headquartered in the Abdul Hamid Dbeibeh government enjoys international recognition. The parallel authority administers eastern Libya from Sirte, backed by the House in Tobruk and strongman Khalifa Haftar.
The oil and gas sector is a major source of Libya’s revenue. In November 2023, the state-owned National Oil Corporation (NOC) said the country’s daily oil production had reached 1.24 million barrels, and condensate production reached 50,000 barrels per day during the past 24 hours.
