Oil exports at major Libyan ports were halted yesterday and production curtailed across the country, six engineers told Reuters, amid a standoff between rival political factions over control of the central bank and oil revenue. Some output was being increased to feed local power generation, they said.
Libya’s oil production has plummeted by more than half from typical levels since the standoff began last month, when western factions moved to oust veteran Central Bank of Libya Governor Sadiq Al Kabir and replace him with a rival board. In response, eastern factions called for a shut down to all oil production.
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