Libya is entering the new year with another bout of instability that undermines its vital oil and gas sector, with protesters threatening to shut down key oil terminals and fields over social demands.
In a video statement on 5 January, protesters from the self-proclaimed Oil Crescent Movement said they would shut down the four key crude export terminals on the Bay of Sirte ‘Oil Crescent’, as well as the country’s core Sirte Basin fields which supply them, if NOC does not relocate the headquarters of the companies operating the region’s fields and terminals to the “marginalized” region. (CONTINUED - 513 WORDS)
