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Libya invites international companies to resume oil exploration work

Daniel Stewart

2022-12-06
File
File – An oil and gas platform off the coast of Libya in the Central Mediterranean in the Bahr Essalam Gas Field and Bouri Oilfiield area, February 25, 2022, Libya. – Antonio Sempere – Europa Press

The internationally recognized Libyan authorities have announced the withdrawal of force majeure on oil and gas exploration operations and have invited international companies to resume their work in the African country.

According to information reported by the Libyan newspaper ‘The Libya Herald’, the government headed by Abdulhamid Dbeibé has shown its willingness to support the work of all international companies that have signed contracts with the National Oil Corporation (NOC).

He explained that the withdrawal of the force majeure on these exploration operations comes after a request from NOC following an assessment of the security situation, before adding that the improvement recorded in this field has even allowed the resumption of activities in previously inaccessible areas.

Oil production work has been interrupted on numerous occasions in recent years due to political tensions and the operations of militias aligned with the two parallel administrations in the African country.

The political crisis worsened following the postponement of the elections scheduled for December 2021 and the decision of the House of Representatives – the parliament based in the east of the country – to appoint Fazi Bashaga as prime minister when Dbeibé’s mandate was terminated.

The unity government rejected the decision of the House of Representatives and maintained that Dbeibé will remain in office to implement its new ‘road map’ for elections. Dbeibé was elected as prime minister by the Libyan Political Dialogue Forum (LPDF) in February 2021, replacing the hitherto unity prime minister, Fayez Serraj.

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