Libya's Sharara Oil Field Faces Production Cut Amid Protests

Libya's National Oil Corporation (NOC) is set to reduce production at the Sharara oil field due to ongoing protests. The internationally recognized government has condemned these disruptions as political blackmail. The Sharara field, one of Libya's largest, produces around 300,000 barrels per day.

Libya's National Oil Corporation (NOC) announced on Tuesday that it will begin to gradually reduce production at the Sharara oil field. This decision comes as a response to ongoing protests in the region, which the NOC has cited as force majeure.

On Sunday, Libya's internationally recognized government strongly condemned efforts to halt operations at the Sharara oil field, labeling these actions as 'political blackmail.'

The Sharara field, a significant asset with a production capacity of approximately 300,000 barrels per day, has frequently been a focal point for local protests over various political grievances.

(With inputs from agencies.)