{"id":33415,"date":"2022-01-12T06:00:25","date_gmt":"2022-01-12T01:00:25","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=33415"},"modified":"2022-01-12T00:56:13","modified_gmt":"2022-01-11T19:56:13","slug":"libya-oil-fields-back-online-after-3-week-shutdown","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/libya-oil-fields-back-online-after-3-week-shutdown\/","title":{"rendered":"Libya oil fields back online after 3-week shutdown"},"content":{"rendered":"<p>Tripoli, Jan 11 (AFP\/APP):Production has resumed at four key oil fields in war-torn Libya after a three-week shutdown by gunmen linked to Libya&#8217;s Petroleum Facilities Guard, the group said Tuesday.<\/p>\n<p>The PFG-affiliated fighters had closed the Sharara, Al-Fil, Al-Wafa and Al-Hamada fields in December over a pay dispute, slashing output from the North African country by over 300,000 barrels per day, according to the National Oil Corporation.<\/p>\n<p>On Tuesday, a PFG official said the sites in southwestern Libya, along with pipelines delivering oil and gas to export terminals on the country&#8217;s northwest Mediterranean coast, &#8220;are operational again&#8221;.<\/p>\n<p>&#8220;The government has listened to our legitimate demands, which were financial and technical in nature,&#8221; the official told AFP on condition of anonymity.<\/p>\n<p>&#8220;We have been working in difficult conditions for years.&#8221;<br \/>\nThe official&#8217;s comments came a day after PFG representatives met in Tripoli with interim prime minister Abdulhamid Dbeibah, who &#8220;ordered the immediate reopening of the fields&#8221;, according to a statement from his office.<\/p>\n<p>Dbeibah also ordered a committee to look into &#8220;the difficulties (the PFG) faces in fulfilling its mission&#8221;, the statement said.<br \/>\nSince the 1970s Libya has depended heavily on revenues from its vast crude reserves.<\/p>\n<p>But in the decade since the revolt that overthrew and killed dictator Moamer Kadhafi, armed groups have frequently blockaded or damaged oil installations.<\/p>\n<p>The latest shutdown had forced the National Oil Corporation to declare force majeur, a legal move allowing it to free itself from contractual obligations in light of factors beyond its control.<\/p>\n<p>But on Tuesday it announced &#8220;a halt in exports from the Al-Sidra terminal because it is unable to replace storage facilities damaged in fighting&#8221;.<\/p>\n<p>It said stormy weather had prevented oil tankers from loading at the Al-Sidra terminal, meaning existing storage facilities had quickly reached capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tripoli, Jan 11 (AFP\/APP):Production has resumed at four key oil fields in war-torn Libya after a three-week shutdown by gunmen linked to Libya&#8217;s Petroleum Facilities Guard, the group said Tuesday. The PFG-affiliated fighters had closed the Sharara, Al-Fil, Al-Wafa and Al-Hamada fields in December over [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":33417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[15741],"class_list":["post-33415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-libya-oil-fields-back-online-after-3-week-shutdown"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Libya oil fields back online after 3-week shutdown<\/title>\n<meta name=\"description\" content=\"Libya oil fields back online after 3-week shutdown\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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