Libya resumes full oil production at Sharara and El-Feel fields after political tensions led to a halt.

Libya's National Oil Corporation (NOC) has resumed full oil production at the Sharara and El-Feel fields after nearly two months of suspension due to political tensions between rival authorities. This halt was linked to protests and a dispute over the Central Bank's leadership. With the recent agreement on new bank management, Libya aims to stabilize its oil output, which had fallen from 1.2 million barrels per day to around 600,000.

October 03, 2024
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