Fire at Libya’s Sharara Field Triggers Oil Flow Reroute
A pipeline leak at Libya's Sharara oil field resulted in a fire, leading the National Oil Corporation (NOC) to reroute oil flow. Production at Sharara continues, with some flow redirected to the El Feel pipeline. This event highlights the ongoing operational risks and infrastructure vulnerabilities within Libya's oil sector.
OilPrice · March 18, 2026
Cyprus Business Now: property, tourism, Ethiopian ties, foreclosures, banks
Cyprus's Finance Minister, Makis Keravnos, has affirmed the government's commitment to a balanced approach on foreclosures, explicitly rejecting calls for a blanket freeze. This stance, communicated after discussions with the Disy party, underscores the administration's focus on maintaining financial stability and a functional banking sector, even amidst public pressure.
Cyprus Mail · March 18, 2026