INSUBCONTINENT EXCLUSIVE:
Libya faces a significant economic challenge as the Sharara oil field, its largest, has ceased operations.This critical development emerged
led to halted oil supplies at the Zawiya terminal, located on the Mediterranean coast.The protests, driven by acute fuel shortages,
on equitable resource distribution.The National Oil Corp
is actively negotiating with protesters, aiming to resolve the conflict and resume production promptly.This disruption at Sharara affects
and social unrest.For Africa, this disruption could impact regional oil prices and availability, potentially straining economies dependent
on energy imports.The stoppage at a major Libyan oil field could globally fluctuate oil prices, impacting markets and economies, especially
in oil-dependent nations.
