Libya’s Oil Facilities, Central Bank and NOC May Not Be Out of the Woods Yet
We are closely watching Libya, as we have cautioned readers against pricing in stable oil production in Libya beyond the near-term. Rumors have been circulating via Libyan social media about the alleged resignation of the chairman of the board of the country’s National Oil Company (NOC), Farhat Bengdara. The Oil Ministry has denied there is any truth to the resignation rumors. But this is also how the Central Bank drama started, which led to a blockade of the country’s oil production and exports by General Haftar. Still, if meant as a provocation spread by social media, it is indeed foreshadowing…
Source: Libya Today October 21, 2024 00:49 UTC
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