Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close another oil port. The Parliament voted in Bashaga for prime minister earlier this year, but Dbeibah has refused to step down. The political rift, also because of the distribution of oil revenues, has already crippled Libyan production and exports in April and May. Libya’s largest oilfield, Sharara, restarted oil production this weekend following weeks of shutdown over protests, but was closed again just a day after reopening. According to Reuters estimates, Libya’s oil production had already halved to around 600,000 barrels per day (bpd) in May, after the Sharara and El Feel oilfields were closed and added to other blockaded oil infrastructure in the country.

Source: Libya Today June 10, 2022 19:01 UTC