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.



US Sees Indications of Imminent Iranian Missile Attack on Israel

People take shelter during an air raid siren after which Israel's military said a missile was fired from Yemen and intercepted, in Tel Aviv, Israel, September 28, 2024. (Reuters)
People take shelter during an air raid siren after which Israel's military said a missile was fired from Yemen and intercepted, in Tel Aviv, Israel, September 28, 2024. (Reuters)
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US Sees Indications of Imminent Iranian Missile Attack on Israel

People take shelter during an air raid siren after which Israel's military said a missile was fired from Yemen and intercepted, in Tel Aviv, Israel, September 28, 2024. (Reuters)
People take shelter during an air raid siren after which Israel's military said a missile was fired from Yemen and intercepted, in Tel Aviv, Israel, September 28, 2024. (Reuters)

The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel that could be at least as large as a strike that Tehran staged earlier this year, US officials said on Tuesday.

The United States is actively supporting preparations to defend Israel against a new Iranian missile attack, a senior White House official said.

"A direct military attack from Iran against Israel will carry severe consequences for Iran," the official said.

A second US official said that the Iranian strike could be as large or potentially bigger than one on April 14 in which Tehran launched more than 300 missiles and drones.

Iran's mission to the United Nations did not immediately respond to a request for comment.

The April attack - the first-ever direct Iranian strike on Israel - was in retaliation for what Iran called an Israeli strike on its Damascus consulate that killed seven Iranian Revolutionary Guard Corps officers, including two senior commanders.

It caused only modest damage inside Israel due to air defense interceptions not only by Israel, but by the United States, Britain and other allies in the region.

The US warning of a looming Iranian strike followed Israel's announcement that its forces staged raids into southern Lebanon in a limited incursion as it pursues two weeks of strikes against Hezbollah militants that have killed the Iran-backed group's leader and senior commanders.

Israeli leaders have vowed to pursue operations against the fighters until it is safe for civilians to return to their homes in northern Israel from which they were evacuated after Hezbollah began missile strikes on Oct. 8, a day after Hamas' assault into Israel.

The Hamas assault triggered the ongoing Israeli offensive that has devastated Gaza.

The Pentagon has said that the United States would come to Israel's defense if Iran launched another attack.

It has moved thousands of additional US forces into the region to bolster its ability to defend Israel and US forces in the region. Pentagon officials say it is even better prepared for a new Iranian attack than it was in April.

An Iranian attack, should it occur, could pose a major challenge to President Joe Biden's administration goal for his Middle East policy: preventing the Israel-Hamas war from ballooning into a regional conflict.