The flare-up of hostilities helped to drive oil prices last week to their highest in five months amid fears that the renewed fighting may impact Libya’s oil industry. Also last week, the chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla, told the Financial Times in an interview that Libya’s oil production is under threat from the renewed fighting and the situation could become as bad as it was during the 2011 civil war. Ghassan Salame, Special Representative of the Secretary-General and Head of the UN Support Mission in Libya, tweeted on Wednesday:“Horrible night of random shelling of residential areas. NOW!”“I am deeply concerned about the escalation of violence in Libya in the context of the resurging conflict,” Fatou Bensouda, Prosecutor of the International Criminal Court (ICC), said in a statement on Tuesday. The escalation of violence increases the risk of an oil supply outage in Libya, despite the fact that the key oil fields and oil exporting terminals are far from the capital Tripoli.
Source: Libya Today April 17, 2019 21:00 UTC