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Libyan Government Condemns Closure of Sharara Oil Field

August 4, 2024
Libyan Government Condemns Closure of Sharara Oil Field
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The Libyan Government of National Unity (GUN) has condemned the closure of the Sharara oil field, located in the southwest of the country. In a statement, the government described the attempt to shut down the oil field as a new form of political extortion.

The government expressed strong disapproval of any actions aimed at disrupting a crucial economic artery like the Sharara oil field, which accounts for approximately 40% of the country’s oil production. It highlighted that Libya holds an 88% share in the field’s production, while the foreign operator holds a 12% share.

The closure of the Sharara oil field exacerbates the suffering of the Libyan people, who have borne the brunt of repeated oil shutdowns that have caused severe damage to the national economy and negatively impacted the lives of citizens. The Unity Government emphasised that oil wealth belongs to all Libyans and should not be used as a tool for political or personal gain.

The government affirmed its commitment to taking all necessary measures to protect the interests of the Libyan people and defend their rights to benefit from the nation’s resources.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.

Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.

The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.

The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.

Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.

Tags: GNUlibyaOil FieldSharara
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