Libya Restores Full Oil Production After Two-Month Shutdown Amid Political Chaos

Libya’s National Oil Corporation (NOC) announced on Thursday that it has resumed full oil production, nearly two months after halting operations at two major fields due to political unrest.

The Sharara and El-Feel oil fields, as well as exports from Es Sider, the country’s largest port, have returned to operation.

In August, the NOC declared “force majeure” at these fields, a legal mechanism allowing a company to suspend obligations due to extraordinary circumstances. The shutdown was attributed to protests by the Fezzan Movement, a local group, and a political conflict between rival authorities over control of the central bank, which manages Libya’s oil revenues.

Recently, the conflict was resolved with the appointment of a new central bank governor, enabling the NOC to lift the force majeure and restart operations.

Libya, which produces over 1.2 million barrels of oil per day, had been significantly impacted by the closures. Sharara, the country’s largest oil field, accounts for 300,000 barrels per day.

The resumption of oil production is a critical step for the country, which has been mired in political instability since the 2011 NATO-backed uprising that ousted Muammar Gaddafi. Libya remains divided between rival governments in the east and west, both backed by militias and foreign powers. Despite the restart, concerns over Libya’s long-term political stability persist, as ongoing tensions between factions threaten future production and economic recovery.

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