The National Oil Corporation in Libya declares a ‘force majeure’ in the Sharara field due to the complete halt of oil production amid protests

Libyan oil production continues to be reeling from the threat of political and security turmoil that has plagued the country for more than a decade.

Production halts and many fields have been shut down in recent years when the country has experienced widespread chaos.

The Sharara oil field, which can produce up to 300,000 barrels per day of oil and is one of the largest in the country and is usually the target of various protests, has been the latest development. The case of force majeure means the temporary suspension of work in order to meet the obligations and legal liability resulting therefrom.

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