Libya Preparing to Restart Oil Output as Central Bank Crisis Eases

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
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Libya Preparing to Restart Oil Output as Central Bank Crisis Eases

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)

Libya was preparing to restart oil production that has been shut since late of August after an agreement on a new head of the central bank was reached, two oilfield engineers told Reuters on Tuesday.

"We are now waiting for orders from the Corporation (the state oil firm) to resume production at its normal levels after a month-long stoppage," said an engineer from the Jalu 59 oilfield.

An engineer from the El-Feel oilfield said they took advantage of the almost one-month closure to carry out maintenance.

National production and export operations were stopped in August when the parallel government in eastern Libya declared the closure of oil facilities in a protest of the ousting of veteran Central Bank of Libya (CBL) governor Sadiq Kabir by the Presidential Council in Tripoli.

A new CBL governor, Naji Mohamed Issa Belgasem, and his deputy, Mari Muftah Rahil Barrasi were approved on Monday by the two legislative bodies; the east-based House of Representatives in Benghazi and High State Council in Tripoli.

Belgasem and Barrasi took an oath before parliament on Tuesday during a televised session.

Libya's National Oil Corporation said on Aug. 28 that oil production had dropped by more than half of typical levels. It has not made public any new production figures since then.

Libya's oil output has been disrupted repeatedly in the chaotic decade since the country divided in 2014 between two administrations in its east and west following the NATO-backed uprising that toppled Moammar al-Gaddafi in 2011.



Syria's New Rulers Name Foreign Minister

Asaad Hassan al-Shibani. (SANA)
Asaad Hassan al-Shibani. (SANA)
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Syria's New Rulers Name Foreign Minister

Asaad Hassan al-Shibani. (SANA)
Asaad Hassan al-Shibani. (SANA)

Syria's new rulers have appointed a foreign minister, the official Syrian news agency (SANA) said on Saturday, as they seek to build international relations two weeks after Bashar al-Assad was ousted.

The ruling General Command named Asaad Hassan al-Shibani as foreign minister, SANA said. A source in the new administration told Reuters that this step “comes in response to the aspirations of the Syrian people to establish international relations that bring peace and stability.”

The opposition Syria TV said Shibani, formerly known as Zeid al-Attar, was in charge of foreign affairs when the Al-Nusra Front transformed into the Hayat Tahrir al-Sham (HTS) group.

Syrian media said that until 2024, he has been residing in Türkiye. Along with HTS leader Ahmed al-Sharaa, he helped form the al-Nusra Front.

Shibani assumed several pseudonyms, including Nassim, Abu Aisha, Abu Ammar al-Shami and Hussam al-Shafei.

Born in 1987, he hails from the Hasakeh countryside. He was studying translation before his family moved to Damascus where he earned a degree in English Literature from Damascus University. He earned a master's degree in political science and foreign relations in Türkiye in 2022.

Syria's de facto ruler Sharaa has actively engaged with foreign delegations since assuming power, including hosting the UN's Syria envoy and senior US diplomats.

Sharaa has signaled a willingness to engage diplomatically with international envoys, saying his primary focus is on reconstruction and achieving economic development. He has said he is not interested in engaging in any new conflicts.

The United States, other Western powers and many Syrians were glad to see groups led by the HTS topple Assad.