Output has climbed to 1.2 million barrels per day, Oil Minister Mohamed Oun said in a telephone interview with Bloomberg. The North African nation’s oil output has been hit by a power struggle between rival governments headed by Abdul Hamid Dbeibah in the west and Fathi Bashagha in the east. Each claim to be the legitimate prime minister, who each claim to be the legitimate prime minister. Libya’s oil output has see-sawed over the past years, largely as a result of the political and security unrest in the country that ensued after the ouster of Moammar Al Qaddafi in 2011. Power struggles between rival governments have compounded years of neglect in developing or revamping the oil infrastructure.

Source: Libya Today August 01, 2022 23:36 UTC