Production was halted at the Sharara field, Libya’s biggest oil field and protesters threatened to keep a key export terminal which produces 290,000 barrels a day closed. Al Jazeera reports that the shutdown occurs as the North African nation, which has been mired in conflict following the 2011 ouster of Moammar Qaddafi, once again risks division. Parliament on Thursday swore in a new government to replace Prime Minister Abdul Hamid Dbeibah’s administration, escalating a standoff that risks reigniting fighting. It also takes place against a backdrop of soaring oil prices following Russia’s invasion of Ukraine and subsequent international sanctions.
Recent Posts
- Hyphen Hydrogen Energy signs non-binding Memorandums of Understanding with two major industrial companies
- Another twist revealed in the R1 billion South Africa Tourism investment saga
- Pope Francis wraps up visit to Democratic Republic of Congo
- Travel and Tourism Forum launched National Tour Guide Registration Database for local tourism industry
- Zimbabwe’s Central Bank allows for exporters to keep 75% of foreign currency