Protests at Libya's largest oil field, Sharara, have forced production cuts, highlighting the challenges the country faces in boosting its oil output due to political instability.
Libya ’s internationally recognized government has accused its rival government in the east of “political blackmail” following protests that have led to operational curbs at the country’s largest oil field, Sharara. The statement claimed the output reduction at the field was extortion but did not elaborate on the claim.
The Sharara field is a regular target for warring political and military factions in Libya, which boasts the biggest oil reserves in Africa but is having difficulty exploiting them fully due to the complicated political situation in the country. The latest shutdown at Sharara took place in January this year, again prompted by protesters demanding greater involvement of the government in regional affairs such as job creation and more investments in the regional economy.
Oil Production Sharara Field Protests Political Conflict National Oil Corporation Africa Oil Reserves OPEC Energy
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