Shutdown of Libya oil sites spreads to second terminal - News Summed Up

Shutdown of Libya oil sites spreads to second terminal


(MENAFN- AFP)Libya's National Oil Corporation announced Tuesday the closure of a second export terminal, paralysing the vital energy sector in a North African country gripped by political crisis. Oil installations have often been attacked or blockaded by armed groups who hold sway in Libya. Libya has had two rival executives since the eastern-based parliament in February appointed a new prime minister in a direct challenge to the UN-brokered government in the capital Tripoli. The latest standoff pits Prime Minister Abdulhamid Dbeibah's interim government against that of former interior minister Fathi Bashagha, who was chosen by the parliament. Oil revenues are vital to the economy of a country sitting on Africa's largest known reserves.


Source: Libya Today April 20, 2022 06:29 UTC



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