Intel: Production allowed to resume at Libya’s largest oil field as talks progress
The Libyan National Oil Company has lifted its force majeure on the Sharara oil field as the warring sides edge closer to a cease-fire.
Oil production has been allowed to resume at Libya’s Sharara oil field, the country’s largest, amid an international push toward a cease-fire in the war-torn country.
Libya’s National Oil Company (NOC) said Sunday it was lifting its force majeure on Sharara, a move welcomed by the United Nations.
The NOC lifted its force majeure on exports from the Hariga, Brega and Zuweitina terminals last month. Major oil terminals at the ports of El-Sider and Ras Lanuf are still closed, however, due to the presence of militias there.
Why it matters: The resumption is the latest sign that the two main sides in Libya’s civil war are willing to cooperate on trust-building measures amid a UN-led push toward an enduring cease-fire.
