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Libya's NOC to Gradually Reduce Sharara Oil Field Production due to Protests

A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
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Libya's NOC to Gradually Reduce Sharara Oil Field Production due to Protests

A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)
A view shows el Feel oil field near Murzuq, Libya, July 6, 2017. (Reuters)

Libya's National Oil Corporation (NOC) will start to gradually decrease production at the Sharara oil field, it said in a statement on Tuesday, citing force majeure due to protests in the area.

Libya's internationally recognized government condemned on Sunday attempts to shut operations at the Sharara oil field, describing them as "political blackmail", Reuters reported.

The Sharara field, one of Libya's largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target of local protesters for various political reasons.

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Lebanon Central Bank Signs Deal with US Risk Management Advisory Firm to Combat Illegal Activity

A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
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Lebanon Central Bank Signs Deal with US Risk Management Advisory Firm to Combat Illegal Activity

A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)

Lebanon's central bank signed an agreement on Monday with US risk management advisory firm K2 Integrity aimed at combating illegal activities and fraud, according to a statement.

The agreement is part of the central bank's efforts to come off the global financial crime watchdog FATF's "grey list" of countries under special scrutiny.

FATF placed Lebanon on the list last October.